Starwood Property Trust, Inc. (NYSE:STWD) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI boosted its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 1,138.8% in the second quarter, Holdings Channel.com reports. The firm owned 65,595 shares of the real estate investment trust’s stock after acquiring an additional 60,300 shares during the quarter. National Bank of Canada FI’s holdings in Starwood Property Trust were worth $1,230,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fortem Financial Group LLC grew its stake in shares of Starwood Property Trust by 2.0% during the 2nd quarter. Fortem Financial Group LLC now owns 26,278 shares of the real estate investment trust’s stock valued at $498,000 after buying an additional 519 shares during the period. Whalen Wealth Management Inc. purchased a new stake in Starwood Property Trust during the second quarter valued at about $284,000. Rhumbline Advisers increased its stake in Starwood Property Trust by 0.4% during the second quarter. Rhumbline Advisers now owns 865,410 shares of the real estate investment trust’s stock worth $16,391,000 after acquiring an additional 3,259 shares during the last quarter. Essex Financial Services Inc. purchased a new position in shares of Starwood Property Trust in the 2nd quarter worth about $303,000. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Starwood Property Trust by 1.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 214,068 shares of the real estate investment trust’s stock valued at $4,054,000 after purchasing an additional 3,176 shares in the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Price Performance

STWD opened at $19.93 on Friday. Starwood Property Trust, Inc. has a twelve month low of $17.07 and a twelve month high of $22.29. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 14.33 and a beta of 1.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.80. The company has a fifty day simple moving average of $19.87 and a 200 day simple moving average of $19.73.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data 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. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. The company had revenue of $489.80 million during the quarter, compared to analysts’ expectations of $505.23 million. During the same period in the prior year, the company posted $0.47 EPS. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. Equities research analysts expect that Starwood Property Trust, Inc. will post 1.89 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.92 annualized dividend and a yield of 9.64%. Starwood Property Trust’s dividend payout ratio is presently 138.13%.

Analyst Ratings Changes

STWD has been the subject of a number of research analyst reports. 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 stock from $20.50 to $22.50 in a research report on Thursday, September 5th. Raymond James dropped 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 research report on Thursday, May 16th. Wolfe Research assumed coverage on shares of Starwood Property Trust in a research note on Tuesday, June 25th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. upped their price target 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, BTIG Research reissued a “buy” rating and issued a $24.00 price objective on shares of Starwood Property Trust in a research report on Friday, July 19th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.07.

Starwood Property Trust Profile

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.