MidFirst Bank Takes Position in Starwood Property Trust, Inc. $STWD

MidFirst Bank acquired a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 46,000 shares of the real estate investment trust’s stock, valued at approximately $753,000.

Several other large investors have also made changes to their positions in the company. Peak Financial Advisors LLC boosted its holdings in Starwood Property Trust by 2.2% in the first quarter. Peak Financial Advisors LLC now owns 25,664 shares of the real estate investment trust’s stock valued at $442,000 after acquiring an additional 559 shares during the last quarter. Brown Advisory Inc. increased its stake in Starwood Property Trust by 1.3% during the fourth quarter. Brown Advisory Inc. now owns 47,432 shares of the real estate investment trust’s stock worth $854,000 after acquiring an additional 600 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in Starwood Property Trust by 11.5% during the third quarter. CIBC Private Wealth Group LLC now owns 5,943 shares of the real estate investment trust’s stock worth $115,000 after acquiring an additional 613 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Starwood Property Trust by 2.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 27,220 shares of the real estate investment trust’s stock worth $527,000 after purchasing an additional 621 shares during the period. Finally, Mutual Advisors LLC raised its holdings in shares of Starwood Property Trust by 1.8% in the 4th quarter. Mutual Advisors LLC now owns 36,608 shares of the real estate investment trust’s stock worth $659,000 after purchasing an additional 631 shares during the period. 49.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wells Fargo & Company set a $20.00 target price on Starwood Property Trust in a report on Monday. Zacks Research upgraded shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Starwood Property Trust in a research report on Friday, August 7th. Wall Street Zen downgraded shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Starwood Property Trust from $19.00 to $18.50 and set an “outperform” rating for the company in a research report on Friday, August 7th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $19.30.

Starwood Property Trust Price Performance

STWD stock opened at $16.27 on Tuesday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.46 and a current ratio of 1.46. Starwood Property Trust, Inc. has a 1 year low of $15.51 and a 1 year high of $20.84. The firm has a market cap of $6.02 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 2.20 and a beta of 0.98. The stock has a 50-day simple moving average of $16.58 and a 200-day simple moving average of $17.30.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $201.42 million for the quarter, compared to analyst estimates of $521.67 million. Starwood Property Trust had a return on equity of 7.85% and a net margin of 11.35%.Starwood Property Trust’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. On average, equities analysts predict that Starwood Property Trust, Inc. will post 1.51 earnings per share for the current fiscal year.

Starwood Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.48 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 11.8%. Starwood Property Trust’s dividend payout ratio (DPR) is currently 325.42%.

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.