Trade Report: The Starwood Property Trust Inc. (STWD) Stake Raised by Vanguard Group Inc.

The Starwood Property Trust Inc. (STWD) Stake Raised by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in Starwood Property Trust Inc. (NYSE:STWD) by 2.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,841,957 shares of the company’s stock after buying an additional 449,964 shares during the period. Vanguard Group Inc. owned about 6.67% of Starwood Property Trust worth $328,245,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. National Planning Corp raised its stake in shares of Starwood Property Trust by 1.8% in the second quarter. National Planning Corp now owns 17,306 shares of the company’s stock valued at $374,000 after buying an additional 300 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Starwood Property Trust by 2.7% in the second quarter. Brown Advisory Inc. now owns 17,313 shares of the company’s stock valued at $359,000 after buying an additional 460 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Starwood Property Trust by 12.4% in the second quarter. Prudential Financial Inc. now owns 4,876,173 shares of the company’s stock valued at $101,034,000 after buying an additional 538,451 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Starwood Property Trust by 8.3% in the second quarter. Private Advisor Group LLC now owns 22,353 shares of the company’s stock valued at $462,000 after buying an additional 1,706 shares in the last quarter. Finally, TLP Group LLC purchased a new stake in shares of Starwood Property Trust during the second quarter valued at about $146,000. 73.51% of the stock is owned by institutional investors.

Starwood Property Trust Inc. (NYSE:STWD) opened at 21.57 on Friday. The company’s 50 day moving average price is $22.59 and its 200-day moving average price is $20.95. Starwood Property Trust Inc. has a one year low of $16.69 and a one year high of $23.46. The company has a market cap of $5.13 billion, a P/E ratio of 14.66 and a beta of 0.68.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. The business earned $200 million during the quarter, compared to analysts’ expectations of $50.75 million. Starwood Property Trust had a return on equity of 11.54% and a net margin of 42.66%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. On average, analysts forecast that Starwood Property Trust Inc. will post $1.73 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 8.90%. The ex-dividend date is Wednesday, September 28th. Starwood Property Trust’s dividend payout ratio is presently 130.61%.

Several analysts have issued reports on the company. Credit Suisse Group AG upped their target price on Starwood Property Trust from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, September 26th. Compass Point downgraded Starwood Property Trust from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $22.00 to $23.00 in a research report on Monday, August 15th. Citigroup Inc. boosted their price objective on Starwood Property Trust from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, August 10th. JMP Securities boosted their price objective on Starwood Property Trust from $23.00 to $24.00 and gave the company a “market outperform” rating in a research report on Monday, August 8th. Finally, Keefe, Bruyette & Woods boosted their price objective on Starwood Property Trust from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $23.94.

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