DekaBank Deutsche Girozentrale grew its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 100.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 149,000 shares of the real estate investment trust’s stock after acquiring an additional 74,500 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.05% of Starwood Property Trust worth $3,348,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the company. PenderFund Capital Management Ltd. raised its stake in shares of Starwood Property Trust by 58,834.0% in the second quarter. PenderFund Capital Management Ltd. now owns 5,805,000 shares of the real estate investment trust’s stock worth $6,975,000 after acquiring an additional 5,795,150 shares during the last quarter. Neuberger Berman Group LLC increased its position in Starwood Property Trust by 0.8% in the first quarter. Neuberger Berman Group LLC now owns 5,417,963 shares of the real estate investment trust’s stock worth $121,092,000 after purchasing an additional 43,615 shares during the period. Geode Capital Management LLC lifted its position in Starwood Property Trust by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 2,998,356 shares of the real estate investment trust’s stock valued at $59,281,000 after purchasing an additional 183,447 shares during the period. Raymond James & Associates grew its position in shares of Starwood Property Trust by 37.5% during the 1st quarter. Raymond James & Associates now owns 2,531,966 shares of the real estate investment trust’s stock worth $56,589,000 after buying an additional 691,038 shares during the period. Finally, Boston Partners raised its stake in shares of Starwood Property Trust by 2.5% during the first quarter. Boston Partners now owns 2,279,577 shares of the real estate investment trust’s stock worth $50,949,000 after buying an additional 55,985 shares during the last quarter. Institutional investors and hedge funds own 63.57% of the company’s stock.
STWD has been the subject of several recent research reports. Raymond James upped their target price on shares of Starwood Property Trust from $24.00 to $27.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. Zacks Investment Research upgraded shares of Starwood Property Trust from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $25.50.
Starwood Property Trust (NYSE:STWD) last released its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. The business had revenue of $351.99 million for the quarter, compared to analyst estimates of $308.00 million. Starwood Property Trust had a return on equity of 10.51% and a net margin of 31.15%. Starwood Property Trust’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 earnings per share. On average, research analysts predict that Starwood Property Trust, Inc. will post 1.77 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders 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 dividend yield of 7.89%. Starwood Property Trust’s dividend payout ratio is currently 91.00%.
In other Starwood Property Trust news, CFO Rina Paniry sold 13,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $24.01, for a total transaction of $312,130.00. Following the transaction, the chief financial officer now owns 199,927 shares in the company, valued at approximately $4,800,247.27. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Jeffrey F. Dimodica sold 30,000 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $23.74, for a total value of $712,200.00. Following the sale, the president now directly owns 305,765 shares in the company, valued at $7,258,861.10. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.
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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