Parallel Advisors LLC Acquires 6,646 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Parallel Advisors LLC boosted its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 18.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,690 shares of the real estate investment trust’s stock after acquiring an additional 6,646 shares during the quarter. Parallel Advisors LLC’s holdings in Starwood Property Trust were worth $809,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in STWD. Natixis Advisors L.P. purchased a new stake in Starwood Property Trust during the 4th quarter valued at $403,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Starwood Property Trust by 2.8% in the 4th 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 acquiring an additional 52,613 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Starwood Property Trust by 615.8% during the 4th quarter. BNP Paribas Financial Markets now owns 149,339 shares of the real estate investment trust’s stock worth $3,139,000 after purchasing an additional 128,477 shares during the period. Avantax Advisory Services Inc. bought a new position in Starwood Property Trust during the 4th quarter valued at about $229,000. Finally, Financial Advocates Investment Management raised its position in Starwood Property Trust by 6.6% in the 4th quarter. Financial Advocates Investment Management now owns 15,448 shares of the real estate investment trust’s stock worth $325,000 after purchasing an additional 954 shares during the period. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on STWD. Wolfe Research assumed coverage on Starwood Property Trust in a research note on Tuesday, June 25th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. boosted their target price on shares of Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Keefe, Bruyette & Woods raised shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $20.50 to $22.50 in a research note on Thursday, September 5th. 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 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.07.

Starwood Property Trust Stock Up 1.1 %

Shares of Starwood Property Trust stock opened at $20.43 on Tuesday. Starwood Property Trust, Inc. has a 1 year low of $17.07 and a 1 year high of $22.29. 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 stock has a market cap of $6.45 billion, a price-to-earnings ratio of 14.69 and a beta of 1.70. The firm’s 50-day moving average is $19.92 and its two-hundred day moving average is $19.73.

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

Starwood Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.40%. The ex-dividend date is Monday, September 30th. Starwood Property Trust’s dividend payout ratio (DPR) is currently 138.13%.

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.