Carnegie Investment Counsel Boosts Stock Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Carnegie Investment Counsel raised its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 5.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,675 shares of the real estate investment trust’s stock after acquiring an additional 1,000 shares during the period. Carnegie Investment Counsel’s holdings in Starwood Property Trust were worth $392,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new stake in shares of Starwood Property Trust during the second quarter worth about $28,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Starwood Property Trust during the third quarter worth about $34,000. Quarry LP purchased a new stake in shares of Starwood Property Trust during the second quarter worth about $36,000. Godsey & Gibb Inc. purchased a new stake in shares of Starwood Property Trust during the third quarter worth about $41,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of Starwood Property Trust during the third quarter worth about $55,000. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Starwood Property Trust Price Performance

Shares of NYSE STWD opened at $19.39 on Friday. Starwood Property Trust, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $21.19. The company has a 50 day simple moving average of $19.57 and a two-hundred day simple moving average of $19.82. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 16.57 and a beta of 1.69. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79.

Starwood Property Trust (NYSE:STWD) last announced its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The business had revenue of $479.50 million during the quarter, compared to the consensus estimate of $488.63 million. During the same quarter last year, the firm earned $0.46 earnings per share. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. Analysts expect that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.90%. The ex-dividend date was Tuesday, December 31st. Starwood Property Trust’s payout ratio is 164.10%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on STWD shares. Keefe, Bruyette & Woods decreased their price target on shares of Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price target on shares of Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. JMP Securities decreased their price target on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a research note on Thursday, November 7th. Finally, UBS Group increased their price target on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $22.19.

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.