Starwood Property Trust, Inc. (STWD) Shares Bought by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System raised its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 4.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 280,556 shares of the real estate investment trust’s stock after purchasing an additional 11,320 shares during the period. State Board of Administration of Florida Retirement System owned 0.11% of Starwood Property Trust worth $6,094,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Starwood Property Trust by 5.5% in the 2nd quarter. Vanguard Group Inc. now owns 22,179,781 shares of the real estate investment trust’s stock worth $496,604,000 after purchasing an additional 1,156,034 shares during the last quarter. Neuberger Berman Group LLC grew its position in shares of Starwood Property Trust by 2.9% during the 2nd quarter. Neuberger Berman Group LLC now owns 7,631,024 shares of the real estate investment trust’s stock valued at $170,859,000 after buying an additional 215,564 shares during the last quarter. LSV Asset Management grew its position in shares of Starwood Property Trust by 4.4% during the 2nd quarter. LSV Asset Management now owns 5,296,409 shares of the real estate investment trust’s stock valued at $118,586,000 after buying an additional 223,100 shares during the last quarter. Dana Investment Advisors Inc. grew its position in shares of Starwood Property Trust by 12.3% during the 2nd quarter. Dana Investment Advisors Inc. now owns 1,253,373 shares of the real estate investment trust’s stock valued at $28,063,000 after buying an additional 136,958 shares during the last quarter. Finally, Boston Partners grew its position in shares of Starwood Property Trust by 1.9% during the 2nd quarter. Boston Partners now owns 1,137,824 shares of the real estate investment trust’s stock valued at $25,476,000 after buying an additional 21,314 shares during the last quarter. 68.04% of the stock is owned by institutional investors.

Starwood Property Trust, Inc. (STWD) opened at $21.65 on Tuesday. Starwood Property Trust, Inc. has a 1 year low of $21.11 and a 1 year high of $23.01. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 1.68. The company has a market cap of $5,619.30, a PE ratio of 10.25, a price-to-earnings-growth ratio of 2.16 and a beta of 0.52.

Starwood Property Trust (NYSE:STWD) last posted its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.65 EPS for the quarter, topping the consensus estimate of $0.54 by $0.11. Starwood Property Trust had a net margin of 52.28% and a return on equity of 11.88%. The firm had revenue of $226.77 million during the quarter, compared to analysts’ expectations of $236.76 million. During the same quarter in the prior year, the firm earned $0.59 EPS. Starwood Property Trust’s quarterly revenue was up 10.8% on a year-over-year basis. sell-side analysts forecast that Starwood Property Trust, Inc. will post 1.99 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 8.87%. The ex-dividend date is Thursday, December 28th. Starwood Property Trust’s dividend payout ratio (DPR) is 116.36%.

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A number of brokerages recently weighed in on STWD. Zacks Investment Research raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. BidaskClub raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, ValuEngine downgraded shares of Starwood Property Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Starwood Property Trust currently has a consensus rating of “Buy” and a consensus target price of $24.00.

In other Starwood Property Trust news, CFO Rina Paniry sold 6,867 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $21.96, for a total value of $150,799.32. Following the completion of the transaction, the chief financial officer now owns 100,026 shares in the company, valued at approximately $2,196,570.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Andrew Jay Sossen sold 11,270 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $21.94, for a total transaction of $247,263.80. Following the completion of the transaction, the chief operating officer now owns 108,258 shares of the company’s stock, valued at approximately $2,375,180.52. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.

Starwood Property Trust Profile

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Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

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