Lake Street Private Wealth LLC Has $2.68 Million Position in Starwood Property Trust, Inc. (NYSE:STWD)

Lake Street Private Wealth LLC cut its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 1.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 131,648 shares of the real estate investment trust’s stock after selling 1,302 shares during the period. Lake Street Private Wealth LLC’s holdings in Starwood Property Trust were worth $2,683,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sunbelt Securities Inc. grew its stake in shares of Starwood Property Trust by 0.9% in the second quarter. Sunbelt Securities Inc. now owns 57,077 shares of the real estate investment trust’s stock valued at $1,081,000 after acquiring an additional 517 shares in the last quarter. Fortem Financial Group LLC grew its stake in Starwood Property Trust by 2.0% during the second quarter. Fortem Financial Group LLC now owns 26,278 shares of the real estate investment trust’s stock worth $498,000 after buying an additional 519 shares in the last quarter. Fifth Third Bancorp grew its stake in Starwood Property Trust by 26.0% during the second quarter. Fifth Third Bancorp now owns 2,572 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 531 shares in the last quarter. Retirement Group LLC grew its stake in Starwood Property Trust by 33.5% during the first quarter. Retirement Group LLC now owns 2,516 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 631 shares in the last quarter. Finally, First Foundation Advisors grew its stake in Starwood Property Trust by 9.4% during the first quarter. First Foundation Advisors now owns 8,307 shares of the real estate investment trust’s stock worth $169,000 after buying an additional 717 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STWD has been the subject of a number of research reports. BTIG Research reissued a “buy” rating and issued a $24.00 target price on shares of Starwood Property Trust in a report on Friday, July 19th. Keefe, Bruyette & Woods raised shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and increased their target price for the company from $20.50 to $22.50 in a research report on Thursday, September 5th. Wolfe Research assumed coverage on shares of Starwood Property Trust in a research report on Tuesday, June 25th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. raised their price objective on shares of Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Finally, Wells Fargo & Company raised their price objective on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Starwood Property Trust currently has a consensus rating of “Moderate Buy” and an average target price of $22.36.

Starwood Property Trust Stock Performance

Shares of NYSE STWD traded down $0.02 during mid-day trading on Wednesday, reaching $19.84. 315,598 shares of the company’s stock were exchanged, compared to its average volume of 2,311,038. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 18.23 and a beta of 1.70. Starwood Property Trust, Inc. has a 52 week low of $17.07 and a 52 week high of $22.29. The firm has a 50-day moving average price of $20.20 and a two-hundred day moving average price of $19.74.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. The firm had revenue of $489.80 million during the quarter, compared to analyst estimates of $505.23 million. During the same quarter last year, the business earned $0.47 earnings per share. The company’s quarterly revenue was down 5.0% on a year-over-year basis. Analysts predict that Starwood Property Trust, Inc. will post 1.89 EPS for the current year.

Starwood Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.68%. The ex-dividend date of this dividend is Tuesday, December 31st. Starwood Property Trust’s payout ratio is 176.15%.

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.