Two Sigma Investments LP reduced its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,658,330 shares of the real estate investment trust’s stock after selling 35,646 shares during the period. Two Sigma Investments LP owned about 0.64% of Starwood Property Trust worth $35,405,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of STWD. Renaissance Technologies LLC grew its holdings in Starwood Property Trust by 86.5% in the fourth quarter. Renaissance Technologies LLC now owns 2,241,784 shares of the real estate investment trust’s stock valued at $47,862,000 after purchasing an additional 1,039,900 shares during the period. Boston Partners grew its holdings in Starwood Property Trust by 69.9% in the fourth quarter. Boston Partners now owns 2,139,400 shares of the real estate investment trust’s stock valued at $45,676,000 after purchasing an additional 880,031 shares during the period. Two Sigma Advisers LP grew its holdings in Starwood Property Trust by 57.7% in the fourth quarter. Two Sigma Advisers LP now owns 1,938,353 shares of the real estate investment trust’s stock valued at $41,384,000 after purchasing an additional 709,300 shares during the period. Bank of Montreal Can grew its holdings in Starwood Property Trust by 38.8% in the fourth quarter. Bank of Montreal Can now owns 872,340 shares of the real estate investment trust’s stock valued at $18,624,000 after purchasing an additional 243,856 shares during the period. Finally, Aperio Group LLC grew its holdings in Starwood Property Trust by 44.8% in the fourth quarter. Aperio Group LLC now owns 691,466 shares of the real estate investment trust’s stock valued at $14,763,000 after purchasing an additional 213,984 shares during the period. 70.65% of the stock is currently owned by institutional investors.
Several analysts have commented on the company. B. Riley reissued a “buy” rating and issued a $24.00 price objective on shares of Starwood Property Trust in a report on Tuesday, November 21st. ValuEngine upgraded Starwood Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research downgraded Starwood Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Starwood Property Trust presently has a consensus rating of “Buy” and an average price target of $24.00.
Starwood Property Trust (NYSE:STWD) last released its earnings results on Wednesday, February 28th. The real estate investment trust reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. The business had revenue of $242.80 million for the quarter, compared to the consensus estimate of $236.60 million. Starwood Property Trust had a return on equity of 12.57% and a net margin of 45.55%. The business’s quarterly revenue was up 31.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 earnings per share. sell-side analysts expect that Starwood Property Trust, Inc. will post 2.08 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be given a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.92 annualized dividend and a dividend yield of 9.02%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 127.15%.
Starwood Property Trust Profile
Starwood Property Trust, Inc is a real estate investment trust. The Company operates through three business segments: Real estate lending (the Lending Segment), which engages primarily in originating, acquiring, financing and managing commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, and other real estate and real estate-related debt investments; Real estate investing and servicing (the Investing and Servicing Segment), which includes a servicing business in the United States that manages and works out problem assets; an investment business that selectively acquires and manages unrated, investment grade and non-investment grade rated CMBS, and a mortgage loan business, and Real estate property (the Property Segment), which engages primarily in acquiring and managing equity interests in stabilized commercial real estate properties.
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