Ashton Thomas Private Wealth LLC Invests $74,000 in Starwood Property Trust, Inc. (NYSE:STWD)

Ashton Thomas Private Wealth LLC acquired a new position in Starwood Property Trust, Inc. (NYSE:STWD) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 3,929 shares of the real estate investment trust’s stock, valued at approximately $74,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Natixis Advisors L.P. acquired a new stake in Starwood Property Trust during the fourth quarter worth $403,000. Charles Schwab Investment Management Inc. boosted its stake in 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 worth $40,560,000 after buying an additional 52,613 shares in the last quarter. Principal Securities Inc. acquired a new stake in Starwood Property Trust during the fourth quarter worth $273,000. BNP Paribas Financial Markets boosted its stake in Starwood Property Trust by 615.8% during the fourth quarter. BNP Paribas Financial Markets now owns 149,339 shares of the real estate investment trust’s stock worth $3,139,000 after buying an additional 128,477 shares in the last quarter. Finally, Avantax Advisory Services Inc. acquired a new stake in Starwood Property Trust during the fourth quarter worth $229,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on STWD. JPMorgan Chase & Co. lifted 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 note on Tuesday, July 16th. Wolfe Research initiated coverage on shares of Starwood Property Trust in a research note on Tuesday, June 25th. They issued a “peer perform” rating on the stock. BTIG Research restated a “buy” rating and issued a $24.00 target price on shares of Starwood Property Trust in a research note on Friday, July 19th. Finally, Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $20.50 to $22.50 in a research note on Thursday, September 5th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.07.

Starwood Property Trust Stock Performance

Starwood Property Trust stock opened at $20.20 on Friday. The stock has a 50-day simple moving average of $19.89 and a 200 day simple moving average of $19.73. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 2.80. Starwood Property Trust, Inc. has a 12-month low of $17.07 and a 12-month high of $22.29. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 14.53 and a beta of 1.70.

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

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.48 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.50%. Starwood Property Trust’s dividend payout ratio is 138.13%.

Starwood Property Trust Company 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.