Focus Financial Network Inc. Boosts Stake in Starwood Property Trust, Inc. (NYSE:STWD)

Focus Financial Network Inc. increased its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 10.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,219 shares of the real estate investment trust’s stock after acquiring an additional 2,377 shares during the period. Focus Financial Network Inc.’s holdings in Starwood Property Trust were worth $493,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in shares of Starwood Property Trust during the 4th quarter valued at about $26,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Starwood Property Trust in the 1st quarter worth approximately $26,000. ICA Group Wealth Management LLC purchased a new stake in shares of Starwood Property Trust in the 4th quarter valued at $28,000. Core Wealth Advisors Inc. bought a new position in shares of Starwood Property Trust during the 4th quarter valued at $32,000. Finally, Cape Investment Advisory Inc. bought a new stake in Starwood Property Trust in the fourth quarter worth $32,000. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Down 0.2 %

Shares of STWD traded down $0.04 on Wednesday, reaching $19.87. The stock had a trading volume of 364,975 shares, compared to its average volume of 2,162,907. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.84 and a current ratio of 1.84. Starwood Property Trust, Inc. has a 12-month low of $17.07 and a 12-month high of $22.29. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 14.32 and a beta of 1.69. The company has a 50-day simple moving average of $19.52 and a 200-day simple moving average of $19.65.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. The business had revenue of $489.80 million during the quarter, compared to analyst estimates of $505.23 million. Starwood Property Trust had a return on equity of 10.03% and a net margin of 17.05%. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 earnings per share. Sell-side analysts predict that Starwood Property Trust, Inc. will post 1.91 EPS for the current year.

Starwood Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.92 annualized dividend and a dividend yield of 9.66%. Starwood Property Trust’s payout ratio is currently 138.13%.

Analyst Upgrades and Downgrades

STWD has been the topic of a number of recent research reports. Wolfe Research initiated coverage on Starwood Property Trust in a research note on Tuesday, June 25th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. lifted their price target on Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Keefe, Bruyette & Woods raised their target price on shares of Starwood Property Trust from $20.00 to $20.50 and gave the stock a “market perform” rating in a report on Friday, August 9th. Raymond James lowered their price target on shares of Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating for the company in a report on Thursday, May 16th. Finally, BTIG Research reissued a “buy” rating and set a $24.00 price target on shares of Starwood Property Trust in a research report on Friday, July 19th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Starwood Property Trust currently has a consensus rating of “Moderate Buy” and an average price target of $21.79.

About Starwood Property Trust

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.