Gentry Private Wealth LLC Purchases Shares of 14,942 Starwood Property Trust, Inc. (NYSE:STWD)

Gentry Private Wealth LLC purchased a new stake in Starwood Property Trust, Inc. (NYSE:STWD) in the 2nd quarter, HoldingsChannel reports. The fund purchased 14,942 shares of the real estate investment trust’s stock, valued at approximately $283,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STWD. Victory Capital Management Inc. increased its stake in Starwood Property Trust by 233.4% in the fourth quarter. Victory Capital Management Inc. now owns 180,403 shares of the real estate investment trust’s stock valued at $3,792,000 after purchasing an additional 126,298 shares in the last quarter. Natixis Advisors L.P. acquired a new position in shares of Starwood Property Trust during the fourth quarter valued at about $403,000. Private Advisor Group LLC grew its holdings in shares of Starwood Property Trust by 5.6% during the fourth quarter. Private Advisor Group LLC now owns 48,030 shares of the real estate investment trust’s stock valued at $1,010,000 after buying an additional 2,536 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Starwood Property Trust by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,929,579 shares of the real estate investment trust’s stock valued at $40,560,000 after buying an additional 52,613 shares during the last quarter. Finally, Principal Securities Inc. acquired a new position in shares of Starwood Property Trust during the fourth quarter valued at about $273,000. 49.82% of the stock is owned by institutional investors.

Starwood Property Trust Stock Down 1.4 %

Starwood Property Trust stock opened at $19.65 on Friday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market cap of $6.22 billion, a PE ratio of 14.14 and a beta of 1.70. Starwood Property Trust, Inc. has a fifty-two week low of $17.07 and a fifty-two week high of $22.29. The firm’s 50-day simple moving average is $19.80 and its 200 day simple moving average is $19.73.

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

Starwood Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.77%. The ex-dividend date of this dividend is Monday, September 30th. Starwood Property Trust’s payout ratio is 138.13%.

Analysts Set New Price Targets

STWD has been the subject of a number of analyst reports. Wolfe Research initiated coverage on shares of Starwood Property Trust in a report on Tuesday, June 25th. They set a “peer perform” rating for the company. Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $20.50 to $22.50 in a report on Thursday. Raymond James reduced their price objective 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. JPMorgan Chase & Co. boosted their price target on shares of Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, BTIG Research restated a “buy” rating and set a $24.00 price target on shares of Starwood Property Trust in a report on Friday, July 19th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Starwood Property Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.07.

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.