39,190 Shares in Starwood Property Trust, Inc. $STWD Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC bought a new position in Starwood Property Trust, Inc. (NYSE:STWD) in the third quarter, HoldingsChannel reports. The fund bought 39,190 shares of the real estate investment trust’s stock, valued at approximately $759,000.

Other hedge funds have also recently made changes to their positions in the company. Evolution Wealth Management Inc. bought a new position in Starwood Property Trust in the 2nd quarter valued at approximately $25,000. Financial Gravity Companies Inc. acquired a new position in Starwood Property Trust in the 2nd quarter valued at approximately $44,000. Northwestern Mutual Wealth Management Co. increased its position in Starwood Property Trust by 1,650.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,729 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 3,516 shares during the period. GAMMA Investing LLC raised its stake in shares of Starwood Property Trust by 14.8% during the third quarter. GAMMA Investing LLC now owns 4,235 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 547 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Starwood Property Trust by 4,262.6% during the second quarter. Hantz Financial Services Inc. now owns 4,319 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 4,220 shares during the period. 49.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on STWD shares. Weiss Ratings restated a “hold (c)” rating on shares of Starwood Property Trust in a report on Wednesday, October 8th. Wells Fargo & Company decreased their price target on Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. Zacks Research downgraded Starwood Property Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. Finally, Keefe, Bruyette & Woods reduced their target price on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, November 12th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $20.63.

Starwood Property Trust Stock Performance

STWD stock opened at $18.47 on Tuesday. The firm has a market cap of $6.84 billion, a PE ratio of 17.59 and a beta of 1.14. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 2.98. The stock has a 50-day moving average price of $18.27 and a 200-day moving average price of $19.36. Starwood Property Trust, Inc. has a 1-year low of $16.59 and a 1-year high of $21.05.

Starwood Property Trust (NYSE:STWD) last announced its earnings results on Monday, November 10th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.04). The business had revenue of $247.87 million for the quarter, compared to the consensus estimate of $479.70 million. Starwood Property Trust had a net margin of 20.28% and a return on equity of 8.41%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 EPS. As a group, equities research analysts expect that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.

Starwood Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.92 annualized dividend and a dividend yield of 10.4%. Starwood Property Trust’s dividend payout ratio (DPR) is 182.86%.

Starwood Property Trust Profile

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.