Whalen Wealth Management Inc. Takes $284,000 Position in Starwood Property Trust, Inc. (NYSE:STWD)

Whalen Wealth Management Inc. purchased a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 15,014 shares of the real estate investment trust’s stock, valued at approximately $284,000.

A number of other large investors have also bought and sold shares of STWD. Rhumbline Advisers raised its position in Starwood Property Trust by 0.4% during the 2nd quarter. Rhumbline Advisers now owns 865,410 shares of the real estate investment trust’s stock valued at $16,391,000 after purchasing an additional 3,259 shares during the last quarter. Essex Financial Services Inc. purchased a new position in Starwood Property Trust during the second quarter valued at $303,000. Commonwealth Equity Services LLC boosted its stake in Starwood Property Trust by 1.5% during the second quarter. Commonwealth Equity Services LLC now owns 214,068 shares of the real estate investment trust’s stock worth $4,054,000 after acquiring an additional 3,176 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of Starwood Property Trust by 1.8% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 132,877 shares of the real estate investment trust’s stock worth $2,517,000 after buying an additional 2,372 shares during the last quarter. Finally, Focused Wealth Management Inc grew its stake in shares of Starwood Property Trust by 7.4% in the second quarter. Focused Wealth Management Inc now owns 156,009 shares of the real estate investment trust’s stock worth $2,955,000 after acquiring an additional 10,788 shares during the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on STWD. JPMorgan Chase & Co. boosted their price objective 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. Raymond James dropped their price objective on Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a research report on Thursday, May 16th. Keefe, Bruyette & Woods raised their price target on shares of Starwood Property Trust from $20.00 to $20.50 and gave the company a “market perform” rating in a report on Friday, August 9th. BTIG Research reissued a “buy” rating and set a $24.00 price objective on shares of Starwood Property Trust in a report on Friday, July 19th. Finally, Wolfe Research initiated coverage on shares of Starwood Property Trust in a report on Tuesday, June 25th. They issued a “peer perform” rating on the stock. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.79.

Starwood Property Trust Stock Performance

STWD traded down $0.16 during trading on Tuesday, hitting $20.68. The company’s stock had a trading volume of 92,628 shares, compared to its average volume of 2,126,192. Starwood Property Trust, Inc. has a one year low of $17.07 and a one year high of $22.29. The business’s 50 day simple moving average is $19.73 and its 200-day simple moving average is $19.72. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 2.80. The firm has a market cap of $6.55 billion, a PE ratio of 14.99 and a beta of 1.70.

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 the consensus estimate of $0.44 by $0.04. The company had revenue of $489.80 million for the quarter, compared to the consensus estimate of $505.23 million. Starwood Property Trust had a return on equity of 10.03% and a net margin of 17.05%. Starwood Property Trust’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 earnings per share. As a group, sell-side analysts predict that Starwood Property Trust, Inc. will post 1.89 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The company 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 dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.28%. The ex-dividend date of this dividend is Monday, September 30th. Starwood Property Trust’s 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.