SkyOak Wealth LLC Boosts Holdings in Starwood Property Trust, Inc. $STWD

SkyOak Wealth LLC increased its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 10.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 346,798 shares of the real estate investment trust’s stock after acquiring an additional 33,655 shares during the period. SkyOak Wealth LLC owned approximately 0.09% of Starwood Property Trust worth $5,972,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Argosy Lionbridge Management LLC grew its stake in shares of Starwood Property Trust by 286.1% in the third quarter. Argosy Lionbridge Management LLC now owns 102,566 shares of the real estate investment trust’s stock valued at $1,987,000 after buying an additional 76,000 shares in the last quarter. GraniteShares Advisors LLC purchased a new stake in shares of Starwood Property Trust during the fourth quarter worth approximately $2,617,000. Geode Capital Management LLC increased its position in shares of Starwood Property Trust by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 6,406,419 shares of the real estate investment trust’s stock valued at $115,453,000 after purchasing an additional 148,740 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in Starwood Property Trust in the third quarter valued at $1,680,000. Finally, Norges Bank acquired a new stake in shares of Starwood Property Trust during the 4th quarter worth about $75,177,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Stock Up 0.0%

Shares of NYSE STWD opened at $16.45 on Friday. The firm has a market cap of $6.10 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 2.17 and a beta of 0.98. The company has a debt-to-equity ratio of 3.31, a quick ratio of 1.57 and a current ratio of 1.57. Starwood Property Trust, Inc. has a 1 year low of $16.29 and a 1 year high of $21.05. The firm’s 50 day moving average price is $17.06 and its 200 day moving average price is $17.66.

Starwood Property Trust (NYSE:STWD) last released its earnings results on Friday, May 8th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). Starwood Property Trust had a return on equity of 7.91% and a net margin of 18.11%.The business had revenue of $205.55 million for the quarter, compared to analysts’ expectations of $496.25 million. During the same quarter last year, the company posted $0.45 earnings per share. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Starwood Property Trust, Inc. will post 1.55 earnings per share for the current year.

Starwood Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date is Tuesday, June 30th. Starwood Property Trust’s dividend payout ratio is presently 200.00%.

Analysts Set New Price Targets

Several brokerages recently commented on STWD. Wall Street Zen lowered shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Keefe, Bruyette & Woods cut their price target on Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Weiss Ratings downgraded shares of Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. decreased their target price on shares of Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Finally, Zacks Research raised Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.70.

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.