Greenwich Investment Management Inc. lifted its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 2.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 208,504 shares of the real estate investment trust’s stock after acquiring an additional 4,943 shares during the period. Starwood Property Trust accounts for approximately 4.6% of Greenwich Investment Management Inc.’s portfolio, making the stock its 6th biggest position. Greenwich Investment Management Inc.’s holdings in Starwood Property Trust were worth $4,737,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. PenderFund Capital Management Ltd. grew its position in Starwood Property Trust by 58,834.0% during the 2nd quarter. PenderFund Capital Management Ltd. now owns 5,805,000 shares of the real estate investment trust’s stock worth $6,975,000 after purchasing an additional 5,795,150 shares during the last quarter. Raymond James & Associates grew its position in Starwood Property Trust by 37.5% during the 1st quarter. Raymond James & Associates now owns 2,531,966 shares of the real estate investment trust’s stock worth $56,589,000 after purchasing an additional 691,038 shares during the last quarter. Timbercreek Investment Management Inc. grew its position in Starwood Property Trust by 79.0% during the 2nd quarter. Timbercreek Investment Management Inc. now owns 933,789 shares of the real estate investment trust’s stock worth $21,150,000 after purchasing an additional 412,100 shares during the last quarter. Resource America Inc. purchased a new position in Starwood Property Trust during the 1st quarter worth $6,146,000. Finally, CWM LLC grew its position in Starwood Property Trust by 19.5% during the 1st quarter. CWM LLC now owns 1,289,272 shares of the real estate investment trust’s stock worth $28,815,000 after purchasing an additional 210,693 shares during the last quarter. 63.79% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE STWD opened at $23.49 on Wednesday. The company has a debt-to-equity ratio of 2.29, a current ratio of 2.61 and a quick ratio of 3.14. Starwood Property Trust, Inc. has a 52 week low of $19.16 and a 52 week high of $23.85. The company has a 50-day moving average of $23.09. The firm has a market capitalization of $6.67 billion, a PE ratio of 11.13 and a beta of 0.58.
Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. Starwood Property Trust had a net margin of 31.15% and a return on equity of 10.51%. The firm had revenue of $351.99 million during the quarter, compared to analysts’ expectations of $308.00 million. During the same quarter last year, the business earned $0.54 earnings per share. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. Research analysts forecast that Starwood Property Trust, Inc. will post 1.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 8.17%. The ex-dividend date of this dividend is Friday, September 27th. Starwood Property Trust’s dividend payout ratio (DPR) is 91.00%.
Separately, Zacks Investment Research raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Starwood Property Trust has an average rating of “Buy” and a consensus price target of $24.25.
Starwood Property Trust Profile
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.
Featured Article: What are earnings reports?
Want to see what other hedge funds are holding STWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starwood Property Trust, Inc. (NYSE:STWD).
Receive News & Ratings for Starwood Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starwood Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.