Jennison Associates LLC trimmed its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 6.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,088,169 shares of the real estate investment trust’s stock after selling 211,328 shares during the quarter. Jennison Associates LLC owned about 1.10% of Starwood Property Trust worth $70,163,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of STWD. Valeo Financial Advisors LLC acquired a new stake in Starwood Property Trust in the second quarter worth $27,000. Sandy Spring Bank bought a new position in shares of Starwood Property Trust in the second quarter valued at $28,000. Penserra Capital Management LLC bought a new position in shares of Starwood Property Trust in the first quarter valued at $38,000. Meridian Wealth Management LLC bought a new position in shares of Starwood Property Trust in the second quarter valued at $45,000. Finally, Optimum Investment Advisors lifted its stake in shares of Starwood Property Trust by 66.7% in the second quarter. Optimum Investment Advisors now owns 2,000 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 62.44% of the company’s stock.
A number of research firms have weighed in on STWD. 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. Raymond James raised their price objective on shares of Starwood Property Trust from $24.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $24.75.
Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $351.99 million for the quarter, compared to analyst estimates of $308.00 million. During the same period last year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, research analysts forecast that Starwood Property Trust, Inc. will post 1.76 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.17%. The ex-dividend date of this dividend is Friday, September 27th. Starwood Property Trust’s dividend payout ratio (DPR) is 91.00%.
Starwood Property Trust Company 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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