448,903 Shares in Starwood Property Trust, Inc. $STWD Purchased by Legal & General Group Plc

Legal & General Group Plc acquired a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) during the 2nd quarter, Holdings Channel reports. The fund acquired 448,903 shares of the real estate investment trust’s stock, valued at approximately $7,353,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Quantum Portfolio Management LLC raised its holdings in Starwood Property Trust by 882,760.9% in the first quarter. Quantum Portfolio Management LLC now owns 112,176,302 shares of the real estate investment trust’s stock worth $1,931,676,000 after buying an additional 112,163,596 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Starwood Property Trust during the second quarter valued at approximately $589,366,000. Advisors Capital Management LLC purchased a new stake in shares of Starwood Property Trust during the second quarter valued at approximately $70,121,000. Norges Bank bought a new stake in shares of Starwood Property Trust during the fourth quarter valued at approximately $75,177,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Starwood Property Trust during the second quarter valued at approximately $38,498,000. 49.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on STWD shares. Wells Fargo & Company set a $20.00 price objective on Starwood Property Trust in a research report on Monday, August 17th. Keefe, Bruyette & Woods decreased their price target on Starwood Property Trust from $19.00 to $18.50 and set an “outperform” rating for the company in a research note on Friday, August 7th. JPMorgan Chase & Co. dropped their price objective on Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating on the stock in a research report on Tuesday, August 18th. Wall Street Zen downgraded Starwood Property Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Starwood Property Trust in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.20.

Starwood Property Trust Trading Up 1.9%

NYSE:STWD opened at $15.83 on Thursday. Starwood Property Trust, Inc. has a one year low of $15.48 and a one year high of $20.84. The business has a fifty day moving average price of $16.40 and a 200-day moving average price of $17.13. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 2.05 and a beta of 0.98. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.46 and a quick ratio of 1.46.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The business had revenue of $201.42 million during 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 quarter in the previous year, the company posted $0.43 earnings per share. Sell-side analysts forecast that Starwood Property Trust, Inc. will post 1.4 EPS for the current year.

Starwood Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders 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 yield of 12.1%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 325.42%.

Starwood Property Trust Company 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.