Gentry Private Wealth LLC Acquires New Shares in Starwood Property Trust, Inc. (NYSE:STWD)

Gentry Private Wealth LLC acquired a new stake in Starwood Property Trust, Inc. (NYSE:STWD) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,942 shares of the real estate investment trust’s stock, valued at approximately $283,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. National Bank of Canada FI increased its holdings in Starwood Property Trust by 1,138.8% in the second quarter. National Bank of Canada FI now owns 65,595 shares of the real estate investment trust’s stock valued at $1,230,000 after purchasing an additional 60,300 shares during the last quarter. Fortem Financial Group LLC increased its holdings in Starwood Property Trust by 2.0% in the second quarter. Fortem Financial Group LLC now owns 26,278 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 519 shares during the last quarter. Whalen Wealth Management Inc. bought a new stake in shares of Starwood Property Trust in the second quarter worth about $284,000. Rhumbline Advisers increased its holdings in shares of Starwood Property Trust by 0.4% in 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 in the last quarter. Finally, Essex Financial Services Inc. bought a new stake in shares of Starwood Property Trust in the second quarter worth about $303,000. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Down 1.4 %

NYSE:STWD opened at $19.65 on Friday. Starwood Property Trust, Inc. has a 52-week low of $17.07 and a 52-week high of $22.29. The stock has a 50-day simple moving average of $19.80 and a 200 day simple moving average of $19.73. The company has a market cap of $6.22 billion, a PE ratio of 14.14 and a beta of 1.70. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.84 and a current ratio of 1.84.

Starwood Property Trust (NYSE:STWD) last announced its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping 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 business had revenue of $489.80 million during the quarter, compared to the consensus estimate of $505.23 million. During the same quarter last year, the firm earned $0.47 earnings per share. Starwood Property Trust’s quarterly revenue was down 5.0% on a year-over-year basis. On average, sell-side analysts expect 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. 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 yield of 9.77%. The ex-dividend date of this dividend is Monday, September 30th. Starwood Property Trust’s dividend payout ratio is presently 138.13%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on STWD. Keefe, Bruyette & Woods upgraded Starwood Property Trust from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $20.50 to $22.50 in a report on Thursday. Raymond James lowered their price target on Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating for the company in a report on Thursday, May 16th. JPMorgan Chase & Co. increased their price target on Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Wolfe Research began coverage on Starwood Property Trust in a report on Tuesday, June 25th. They issued a “peer perform” rating for the company. Finally, BTIG Research restated a “buy” rating and issued a $24.00 price target on shares of Starwood Property Trust in a report on Friday, July 19th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.07.

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.