M Holdings Securities Inc. bought a new stake in Starwood Property Trust (NYSE:STWD) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 16,969 shares of the real estate investment trust’s stock, valued at approximately $491,000.
Other institutional investors also recently bought and sold shares of the company. Jane Street Group LLC raised its holdings in shares of Starwood Property Trust by 499.8% in the fourth quarter. Jane Street Group LLC now owns 57,948 shares of the real estate investment trust’s stock valued at $1,237,000 after buying an additional 48,287 shares during the last quarter. LPL Financial LLC increased its stake in shares of Starwood Property Trust by 4.9% during the fourth quarter. LPL Financial LLC now owns 94,017 shares of the real estate investment trust’s stock worth $2,008,000 after acquiring an additional 4,376 shares during the period. Teachers Advisors LLC increased its stake in shares of Starwood Property Trust by 25.8% during the fourth quarter. Teachers Advisors LLC now owns 1,300,842 shares of the real estate investment trust’s stock worth $27,773,000 after acquiring an additional 267,115 shares during the period. Paloma Partners Management Co acquired a new position in shares of Starwood Property Trust during the fourth quarter worth about $306,000. Finally, California State Teachers Retirement System grew its position in Starwood Property Trust by 0.9% during the fourth quarter. California State Teachers Retirement System now owns 430,007 shares of the real estate investment trust’s stock worth $9,181,000 after buying an additional 3,688 shares during the period. Hedge funds and other institutional investors own 70.56% of the company’s stock.
Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Starwood Property Trust from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Thursday, March 22nd. Raymond James Financial started coverage on shares of Starwood Property Trust in a report on Tuesday, March 27th. They issued an “outperform” rating and a $24.00 price target on the stock. Wood & Company assumed coverage on shares of Starwood Property Trust in a report on Tuesday, March 27th. They issued an “outperform” rating on the stock. Finally, B. Riley reissued a “buy” rating and set a $24.00 price objective on shares of Starwood Property Trust in a research note on Thursday, January 25th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Starwood Property Trust presently has an average rating of “Buy” and an average target price of $23.67.
NYSE:STWD traded up $0.02 during trading hours on Friday, reaching $20.97. 1,659,819 shares of the company were exchanged, compared to its average volume of 1,854,638. Starwood Property Trust has a 52-week low of $19.47 and a 52-week high of $23.01. The company has a market cap of $5,475.96, a P/E ratio of 9.71, a P/E/G ratio of 2.04 and a beta of 0.31. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 1.74.
Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Wednesday, February 28th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. Starwood Property Trust had a net margin of 45.55% and a return on equity of 12.57%. The company had revenue of $242.80 million during the quarter, compared to analyst estimates of $236.60 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. The business’s quarterly revenue was up 31.6% compared to the same quarter last year. research analysts forecast that Starwood Property Trust will post 2.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.16%. The ex-dividend date of this dividend is Wednesday, March 28th. Starwood Property Trust’s payout ratio is 88.89%.
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About Starwood Property Trust
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.
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