Greenwich Investment Management Inc. lifted its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 208,504 shares of the real estate investment trust’s stock after acquiring an additional 4,943 shares during the quarter. Starwood Property Trust accounts for 4.6% of Greenwich Investment Management Inc.’s investment portfolio, making the stock its 6th largest position. Greenwich Investment Management Inc. owned 0.07% of Starwood Property Trust worth $4,737,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Starwood Property Trust by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 2,998,356 shares of the real estate investment trust’s stock worth $59,281,000 after acquiring an additional 183,447 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in Starwood Property Trust during the 1st quarter valued at about $724,000. Virtu Financial LLC purchased a new stake in Starwood Property Trust during the 1st quarter valued at about $480,000. KMG Fiduciary Partners LLC grew its stake in Starwood Property Trust by 6.3% during the 1st quarter. KMG Fiduciary Partners LLC now owns 44,980 shares of the real estate investment trust’s stock valued at $1,005,000 after acquiring an additional 2,684 shares in the last quarter. Finally, BKS Advisors LLC grew its stake in Starwood Property Trust by 1.0% during the 1st quarter. BKS Advisors LLC now owns 131,123 shares of the real estate investment trust’s stock valued at $2,931,000 after acquiring an additional 1,322 shares in the last quarter. Hedge funds and other institutional investors own 63.79% of the company’s stock.
Separately, Zacks Investment Research raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $24.25.
Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. Starwood Property Trust had a net margin of 31.15% and a return on equity of 10.51%. The company had revenue of $351.99 million during the quarter, compared to analysts’ expectations of $308.00 million. During the same quarter in the prior year, the company earned $0.54 EPS. Starwood Property Trust’s revenue was up 14.6% compared to the same quarter last year. On average, research analysts anticipate that Starwood Property Trust, Inc. will post 1.76 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.92 annualized dividend and a yield of 8.17%. Starwood Property Trust’s dividend payout ratio is presently 91.00%.
Starwood Property Trust Profile
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.
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