Chesapeake Capital Corp IL Has $283,000 Stock Position in Starwood Property Trust, Inc. (NYSE:STWD)

Chesapeake Capital Corp IL trimmed its position in Starwood Property Trust, Inc. (NYSE:STWD) by 51.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,924 shares of the real estate investment trust’s stock after selling 15,792 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Starwood Property Trust were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of STWD. Allspring Global Investments Holdings LLC acquired a new stake in shares of Starwood Property Trust in the first quarter worth $26,000. ICA Group Wealth Management LLC bought a new position in Starwood Property Trust during the fourth quarter worth $28,000. Cape Investment Advisory Inc. bought a new position in Starwood Property Trust during the fourth quarter worth $32,000. Core Wealth Advisors Inc. bought a new position in Starwood Property Trust during the fourth quarter worth $32,000. Finally, Salem Investment Counselors Inc. increased its position in Starwood Property Trust by 80.0% during the first quarter. Salem Investment Counselors Inc. now owns 1,800 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 800 shares during the period. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Stock Down 0.3 %

STWD opened at $19.71 on Wednesday. The firm’s 50-day simple moving average is $19.83 and its 200-day simple moving average is $19.73. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.84 and a current ratio of 1.84. Starwood Property Trust, Inc. has a twelve month low of $17.07 and a twelve month high of $22.29. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 14.18 and a beta of 1.70.

Starwood Property Trust (NYSE:STWD) last issued its quarterly 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. The business had revenue of $489.80 million for the quarter, compared to the consensus estimate of $505.23 million. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS. Equities research analysts anticipate that Starwood Property Trust, Inc. will post 1.89 EPS for the current fiscal 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 given a dividend of $0.48 per share. The ex-dividend date is Monday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 9.74%. Starwood Property Trust’s payout ratio is presently 138.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Raymond James lowered their price target on shares of Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a report on Thursday, May 16th. Wolfe Research assumed coverage on shares of Starwood Property Trust in a report on Tuesday, June 25th. They issued a “peer perform” rating on the stock. Keefe, Bruyette & Woods raised shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $20.50 to $22.50 in a report on Thursday, September 5th. Finally, BTIG Research reissued a “buy” rating and issued a $24.00 price target on shares of Starwood Property Trust in a report on Friday, July 19th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Starwood Property Trust currently has an average rating of “Moderate Buy” and a consensus target price of $22.07.

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.