Sigma Planning Corp grew its position in Starwood Property Trust, Inc. (NYSE:STWD) by 4.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,916 shares of the real estate investment trust’s stock after acquiring an additional 681 shares during the period. Sigma Planning Corp’s holdings in Starwood Property Trust were worth $339,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Greenwich Investment Management Inc. grew its stake in Starwood Property Trust by 2.4% during the second quarter. Greenwich Investment Management Inc. now owns 208,504 shares of the real estate investment trust’s stock worth $4,737,000 after buying an additional 4,943 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of Starwood Property Trust by 100.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 149,000 shares of the real estate investment trust’s stock worth $3,348,000 after purchasing an additional 74,500 shares during the period. Sandy Spring Bank acquired a new stake in shares of Starwood Property Trust during the second quarter worth $28,000. Advisory Services Network LLC raised its holdings in shares of Starwood Property Trust by 24.3% during the second quarter. Advisory Services Network LLC now owns 3,703 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 724 shares during the period. Finally, Coastal Investment Advisors Inc. increased its holdings in shares of Starwood Property Trust by 41.3% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 4,107 shares of the real estate investment trust’s stock worth $91,000 after acquiring an additional 1,200 shares during the period. 62.44% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on STWD. Zacks Investment Research upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Raymond James raised their price objective on shares of Starwood Property Trust from $24.00 to $27.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $24.75.
Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. The company had revenue of $351.99 million during the quarter, compared to analysts’ expectations of $308.00 million. Starwood Property Trust had a return on equity of 10.51% and a net margin of 31.15%. The business’s revenue was up 14.6% on a year-over-year basis. During the same period last year, the business earned $0.54 earnings per share. As a group, research analysts forecast that Starwood Property Trust, Inc. will post 1.76 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.92 annualized dividend and a yield of 8.09%. Starwood Property Trust’s dividend payout ratio is currently 91.00%.
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.
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