Starwood Property Trust (STWD) Hits New 12-Month High at $23.06

Starwood Property Trust, Inc. (NYSE:STWD)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $23.06 and last traded at $23.04, with a volume of 36657 shares changing hands. The stock had previously closed at $22.90.

Several equities analysts have recently issued reports on STWD shares. BTIG Research started coverage on Starwood Property Trust in a research report on Tuesday, February 26th. They set a “buy” rating and a $25.00 price target on the stock. Zacks Investment Research upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $24.25.

The stock has a market cap of $6.45 billion, a PE ratio of 10.94 and a beta of 0.56. The company has a debt-to-equity ratio of 2.20, a current ratio of 2.52 and a quick ratio of 2.52.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Thursday, February 28th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. Starwood Property Trust had a return on equity of 12.30% and a net margin of 34.78%. On average, research analysts expect that Starwood Property Trust, Inc. will post 2.1 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 8.32%. The ex-dividend date was Thursday, March 28th. Starwood Property Trust’s dividend payout ratio (DPR) is presently 91.00%.

Several hedge funds have recently modified their holdings of STWD. Norges Bank acquired a new position in shares of Starwood Property Trust in the 4th quarter worth $45,527,000. Raymond James & Associates grew its holdings in shares of Starwood Property Trust by 531.0% in the 4th quarter. Raymond James & Associates now owns 1,840,928 shares of the real estate investment trust’s stock worth $36,285,000 after acquiring an additional 1,549,168 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Starwood Property Trust by 3.2% in the 3rd quarter. Vanguard Group Inc now owns 24,057,993 shares of the real estate investment trust’s stock worth $517,728,000 after acquiring an additional 749,886 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Starwood Property Trust by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 24,057,993 shares of the real estate investment trust’s stock worth $517,728,000 after acquiring an additional 749,886 shares during the last quarter. Finally, Standard Life Aberdeen plc grew its holdings in shares of Starwood Property Trust by 64.9% in the 4th quarter. Standard Life Aberdeen plc now owns 1,311,625 shares of the real estate investment trust’s stock worth $26,744,000 after acquiring an additional 516,437 shares during the last quarter. Institutional investors own 65.57% of the company’s stock.

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Starwood Property Trust Company Profile (NYSE:STWD)

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.

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