Truist Financial Corp grew its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 1.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 106,771 shares of the real estate investment trust’s stock after acquiring an additional 1,623 shares during the period. Truist Financial Corp’s holdings in Starwood Property Trust were worth $2,606,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. Camden Capital LLC raised its stake in shares of Starwood Property Trust by 1.4% during the third quarter. Camden Capital LLC now owns 35,952 shares of the real estate investment trust’s stock valued at $878,000 after acquiring an additional 490 shares during the last quarter. Stephens Inc. AR raised its stake in shares of Starwood Property Trust by 3.6% during the third quarter. Stephens Inc. AR now owns 14,889 shares of the real estate investment trust’s stock valued at $363,000 after acquiring an additional 511 shares during the last quarter. Joel Isaacson & Co. LLC raised its stake in shares of Starwood Property Trust by 2.5% during the third quarter. Joel Isaacson & Co. LLC now owns 21,593 shares of the real estate investment trust’s stock valued at $527,000 after acquiring an additional 532 shares during the last quarter. SkyOak Wealth LLC raised its stake in shares of Starwood Property Trust by 0.5% during the third quarter. SkyOak Wealth LLC now owns 112,616 shares of the real estate investment trust’s stock valued at $2,749,000 after acquiring an additional 560 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its stake in Starwood Property Trust by 4.4% during the second quarter. Panagora Asset Management Inc. now owns 13,705 shares of the real estate investment trust’s stock worth $359,000 after buying an additional 577 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have weighed in on STWD shares. Raymond James increased their price target on Starwood Property Trust from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, November 11th. Zacks Investment Research upgraded Starwood Property Trust from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Friday, January 7th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $28.17.
Shares of STWD opened at $25.36 on Friday. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 3.27. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of 15.95 and a beta of 1.60. The stock has a 50 day moving average of $25.10 and a 200 day moving average of $25.40. Starwood Property Trust, Inc. has a 12 month low of $18.57 and a 12 month high of $27.00.
Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Tuesday, November 9th. The real estate investment trust reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. The company had revenue of $302.29 million during the quarter, compared to the consensus estimate of $307.76 million. Starwood Property Trust had a return on equity of 11.63% and a net margin of 39.56%. Starwood Property Trust’s revenue was up 13.0% on a year-over-year basis. During the same period last year, the business posted $0.48 earnings per share. As a group, equities research analysts predict that Starwood Property Trust, Inc. will post 1.92 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 14th. Shareholders of record on Friday, December 31st were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 7.57%. The ex-dividend date was Thursday, December 30th. Starwood Property Trust’s dividend payout ratio is currently 120.75%.
Starwood Property Trust Profile
Starwood Property Trust, Inc engages in originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt and equity investments. It operates through the following segments: Real Estate Commercial and Residential Lending, Real Estate Property, Infrastructure Lending and Real Estate Investing and Servicing.
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