Principal Financial Group Inc. Increases Stake in Starwood Property Trust, Inc. (NYSE:STWD)

Principal Financial Group Inc. increased its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 40.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,361 shares of the real estate investment trust’s stock after buying an additional 15,727 shares during the period. Principal Financial Group Inc.’s holdings in Starwood Property Trust were worth $1,227,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of STWD. Neuberger Berman Group LLC raised its stake in shares of Starwood Property Trust by 1.5% in the first quarter. Neuberger Berman Group LLC now owns 7,415,460 shares of the real estate investment trust’s stock valued at $167,441,000 after buying an additional 109,408 shares during the last quarter. LSV Asset Management raised its stake in shares of Starwood Property Trust by 0.5% in the first quarter. LSV Asset Management now owns 5,073,309 shares of the real estate investment trust’s stock valued at $114,555,000 after buying an additional 25,800 shares during the last quarter. OppenheimerFunds Inc. raised its stake in shares of Starwood Property Trust by 9.0% in the first quarter. OppenheimerFunds Inc. now owns 2,598,495 shares of the real estate investment trust’s stock valued at $58,674,000 after buying an additional 213,925 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Starwood Property Trust by 5,055.7% in the first quarter. American Century Companies Inc. now owns 1,268,565 shares of the real estate investment trust’s stock valued at $28,644,000 after buying an additional 1,243,960 shares during the last quarter. Finally, First Foundation Advisors raised its stake in shares of Starwood Property Trust by 4.7% in the first quarter. First Foundation Advisors now owns 1,003,073 shares of the real estate investment trust’s stock valued at $22,649,000 after buying an additional 44,984 shares during the last quarter. 74.15% of the stock is owned by institutional investors.

Starwood Property Trust, Inc. (NYSE:STWD) remained flat at $22.08 during midday trading on Friday. The company’s stock had a trading volume of 908,485 shares. The company has a market capitalization of $5.73 billion, a PE ratio of 12.68 and a beta of 0.54. Starwood Property Trust, Inc. has a one year low of $21.11 and a one year high of $23.46. The firm has a 50 day moving average of $22.07 and a 200-day moving average of $22.38.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. The business had revenue of $211.57 million during the quarter, compared to the consensus estimate of $244.13 million. Starwood Property Trust had a return on equity of 11.39% and a net margin of 55.89%. During the same quarter in the previous year, the company posted $0.50 EPS. Analysts anticipate that Starwood Property Trust, Inc. will post $2.10 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 8.70%. The ex-dividend date is Thursday, September 28th. Starwood Property Trust’s dividend payout ratio (DPR) is presently 109.09%.

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Several equities research analysts recently commented on STWD shares. Zacks Investment Research lowered shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a report on Friday, May 12th. BidaskClub lowered shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.33.

About Starwood Property Trust

Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

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