According to Zacks, “Starwood Property Trust, Inc. is a newly formed company that is focused primarily on originating, investing in, financing and managing commercial mortgage loans and other commercial real estate-related debt investments. Starwood Property Trust, Inc. will be externally managed and advised by SPT Management, LLC, an affiliate of Starwood Capital Group and intends to elect to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes. “
Separately, BTIG Research began coverage on shares of Starwood Property Trust in a research report on Tuesday, February 26th. They set a buy rating and a $25.00 price target on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $24.25.
Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Thursday, February 28th. The real estate investment trust reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. Starwood Property Trust had a net margin of 34.78% and a return on equity of 12.30%. As a group, sell-side analysts predict that Starwood Property Trust will post 2.1 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 8.49%. The ex-dividend date was Thursday, March 28th. Starwood Property Trust’s dividend payout ratio is 91.00%.
Institutional investors have recently modified their holdings of the company. Baird Financial Group Inc. grew its holdings in shares of Starwood Property Trust by 66.0% in the third quarter. Baird Financial Group Inc. now owns 15,809 shares of the real estate investment trust’s stock worth $337,000 after purchasing an additional 6,288 shares during the last quarter. Norges Bank bought a new position in shares of Starwood Property Trust in the fourth quarter worth approximately $45,527,000. BKS Advisors LLC grew its holdings in shares of Starwood Property Trust by 7.9% in the fourth quarter. BKS Advisors LLC now owns 129,801 shares of the real estate investment trust’s stock worth $2,558,000 after purchasing an additional 9,514 shares during the last quarter. Atlantic Trust LLC grew its holdings in shares of Starwood Property Trust by 87.8% in the third quarter. Atlantic Trust LLC now owns 50,230 shares of the real estate investment trust’s stock worth $1,081,000 after purchasing an additional 23,490 shares during the last quarter. Finally, Orinda Asset Management LLC grew its holdings in shares of Starwood Property Trust by 22.7% in the fourth quarter. Orinda Asset Management LLC now owns 95,900 shares of the real estate investment trust’s stock worth $1,890,000 after purchasing an additional 17,750 shares during the last quarter. Hedge funds and other institutional investors own 65.29% of the company’s stock.
About Starwood Property Trust
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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