Strategic Investment Advisors MI Buys Shares of 9,025 Starwood Property Trust, Inc. (NYSE:STWD)
Strategic Investment Advisors MI purchased a new position in Starwood Property Trust, Inc. (NYSE:STWD) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,025 shares of the real estate investment trust’s stock, valued at approximately $204,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Starwood Property Trust during the fourth quarter worth about $45,527,000. Raymond James & Associates boosted its stake in Starwood Property Trust by 37.5% during the first quarter. Raymond James & Associates now owns 2,531,966 shares of the real estate investment trust’s stock valued at $56,589,000 after buying an additional 691,038 shares during the last quarter. Timbercreek Investment Management Inc. boosted its stake in Starwood Property Trust by 79.0% during the second quarter. Timbercreek Investment Management Inc. now owns 933,789 shares of the real estate investment trust’s stock valued at $21,150,000 after buying an additional 412,100 shares during the last quarter. Resource America Inc. bought a new position in Starwood Property Trust during the first quarter valued at approximately $6,146,000. Finally, Grassi Investment Management boosted its stake in Starwood Property Trust by 1,055.6% during the first quarter. Grassi Investment Management now owns 298,150 shares of the real estate investment trust’s stock valued at $6,664,000 after buying an additional 272,350 shares during the last quarter. Institutional investors and hedge funds own 64.59% of the company’s stock.
Separately, Zacks Investment Research lowered Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, July 18th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $24.25.
Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.24). The company had revenue of $310.50 million during the quarter, compared to the consensus estimate of $302.52 million. Starwood Property Trust had a net margin of 30.74% and a return on equity of 10.53%. Starwood Property Trust’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 earnings per share. On average, equities analysts expect that Starwood Property Trust, Inc. will post 1.76 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 8.34%. The ex-dividend date was Thursday, June 27th. Starwood Property Trust’s payout ratio is 91.00%.
About Starwood Property Trust
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.
Further Reading: Bear Market
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