Creative Planning increased its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 41.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,177 shares of the real estate investment trust’s stock after buying an additional 9,168 shares during the period. Creative Planning’s holdings in Starwood Property Trust were worth $698,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in STWD. NN Investment Partners Holdings N.V. bought a new stake in Starwood Property Trust during the second quarter valued at approximately $564,000. Bank of Montreal Can raised its stake in Starwood Property Trust by 1,026.9% in the second quarter. Bank of Montreal Can now owns 510,500 shares of the real estate investment trust’s stock valued at $11,430,000 after buying an additional 465,198 shares during the period. Laurel Grove Capital LLC raised its stake in Starwood Property Trust by 2.2% in the second quarter. Laurel Grove Capital LLC now owns 47,201 shares of the real estate investment trust’s stock valued at $1,057,000 after buying an additional 1,000 shares during the period. Berson & Corrado Investment Advisors LLC raised its stake in Starwood Property Trust by 2.1% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 362,647 shares of the real estate investment trust’s stock valued at $8,120,000 after buying an additional 7,450 shares during the period. Finally, BKD Wealth Advisors LLC raised its stake in Starwood Property Trust by 23.9% in the second quarter. BKD Wealth Advisors LLC now owns 14,823 shares of the real estate investment trust’s stock valued at $332,000 after buying an additional 2,860 shares during the period. Institutional investors and hedge funds own 74.15% of the company’s stock.
Shares of 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 firm’s 50-day moving average is $22.07 and its 200-day moving average is $22.38. Starwood Property Trust, Inc. has a 12-month low of $21.11 and a 12-month high of $23.46. The company has a market cap of $5.73 billion, a price-to-earnings ratio of 12.68 and a beta of 0.54.
Starwood Property Trust (NYSE:STWD) last posted its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Starwood Property Trust had a net margin of 55.89% and a return on equity of 11.39%. The company had revenue of $211.57 million during the quarter, compared to the consensus estimate of $244.13 million. During the same period in the previous year, the firm posted $0.50 earnings per share. On average, analysts forecast that Starwood Property Trust, Inc. will post $2.10 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.92 dividend on an annualized basis and a yield of 8.70%. Starwood Property Trust’s payout ratio is 109.09%.
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Several equities research analysts have recently commented on STWD shares. Zacks Investment Research lowered Starwood Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, May 12th. BidaskClub lowered Starwood Property Trust from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.33.
Starwood Property Trust Company Profile
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