Commonwealth Bank of Australia acquired a new stake in Starwood Property Trust, Inc. (NYSE:STWD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 28,700 shares of the real estate investment trust’s stock, valued at approximately $617,000.
Several other hedge funds have also recently bought and sold shares of STWD. Quad Cities Investment Group LLC raised its stake in shares of Starwood Property Trust by 4,950.0% during the third quarter. Quad Cities Investment Group LLC now owns 5,050 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 4,950 shares during the last quarter. Tyers Asset Management LLC purchased a new position in Starwood Property Trust in the second quarter worth $139,000. Qube Research & Technologies Ltd purchased a new position in Starwood Property Trust in the second quarter worth $151,000. IFP Advisors Inc raised its position in Starwood Property Trust by 55.6% in the third quarter. IFP Advisors Inc now owns 7,722 shares of the real estate investment trust’s stock worth $166,000 after acquiring an additional 2,760 shares in the last quarter. Finally, Edge Wealth Management LLC raised its position in Starwood Property Trust by 2,285.7% in the third quarter. Edge Wealth Management LLC now owns 8,350 shares of the real estate investment trust’s stock worth $180,000 after acquiring an additional 8,000 shares in the last quarter. 64.21% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on STWD shares. JPMorgan Chase & Co. started coverage on Starwood Property Trust in a research report on Friday, September 21st. They issued an “overweight” rating and a $23.00 price target for the company. ValuEngine lowered Starwood Property Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, September 4th. Zacks Investment Research lowered Starwood Property Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 11th. Finally, Credit Suisse Group raised their price objective on Starwood Property Trust from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, August 21st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $24.00.
Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Friday, November 9th. The real estate investment trust reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The company had revenue of $285.70 million for the quarter, compared to the consensus estimate of $277.19 million. Starwood Property Trust had a return on equity of 12.41% and a net margin of 36.49%. The company’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period last year, the business posted $0.65 EPS. On average, equities analysts forecast that Starwood Property Trust, Inc. will post 2.12 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be issued a $0.48 dividend. The ex-dividend date is Friday, December 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.76%. Starwood Property Trust’s dividend payout ratio (DPR) 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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