Fortem Financial Group LLC Acquires 519 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Fortem Financial Group LLC lifted its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 2.0% during the second quarter, HoldingsChannel.com reports. The firm owned 26,278 shares of the real estate investment trust’s stock after purchasing an additional 519 shares during the period. Fortem Financial Group LLC’s holdings in Starwood Property Trust were worth $498,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in 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 buying an additional 128,477 shares in the last quarter. Brown Advisory Inc. raised its position in Starwood Property Trust by 77.1% during the fourth quarter. Brown Advisory Inc. now owns 105,596 shares of the real estate investment trust’s stock worth $2,220,000 after acquiring an additional 45,983 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Starwood Property Trust by 233.4% in the fourth quarter. Victory Capital Management Inc. now owns 180,403 shares of the real estate investment trust’s stock valued at $3,792,000 after acquiring an additional 126,298 shares during the last quarter. Cibc World Markets Corp bought a new position in shares of Starwood Property Trust in the 4th quarter valued at about $2,091,000. Finally, Norges Bank acquired a new position in shares of Starwood Property Trust during the 4th quarter worth about $62,447,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

STWD has been the subject of a number of research analyst reports. Raymond James reduced 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. lifted their target price on Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Wolfe Research assumed coverage on Starwood Property Trust in a research note on Tuesday, June 25th. They issued a “peer perform” rating on the stock. BTIG Research reaffirmed a “buy” rating and set a $24.00 price objective on shares of Starwood Property Trust in a research report on Friday, July 19th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Starwood Property Trust from $20.00 to $20.50 and gave the company a “market perform” rating in a research report on Friday, August 9th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.79.

Starwood Property Trust Stock Down 1.4 %

STWD stock opened at $20.55 on Wednesday. Starwood Property Trust, Inc. has a fifty-two week low of $17.07 and a fifty-two week 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 capitalization of $6.51 billion, a price-to-earnings ratio of 14.78 and a beta of 1.70. The business’s fifty day moving average price is $19.76 and its two-hundred day moving average price is $19.73.

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 (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. Starwood Property Trust had a return on equity of 10.03% and a net margin of 17.05%. The company had revenue of $489.80 million for the quarter, compared to analyst estimates of $505.23 million. During the same period in the prior year, the firm posted $0.47 EPS. Starwood Property Trust’s quarterly revenue was down 5.0% on a year-over-year basis. On average, equities analysts anticipate that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current year.

Starwood Property Trust Dividend Announcement

The firm 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 annualized dividend and a yield of 9.34%. The ex-dividend date is Monday, September 30th. Starwood Property Trust’s payout ratio is presently 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.