Balyasny Asset Management L.P. Takes $241,000 Position in Starwood Property Trust, Inc. (NYSE:STWD)

Balyasny Asset Management L.P. acquired a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 12,733 shares of the real estate investment trust’s stock, valued at approximately $241,000.

A number of other large investors have also recently made changes to their positions in STWD. Albion Financial Group UT purchased a new position in shares of Starwood Property Trust during the 4th quarter valued at about $28,000. Brooklyn Investment Group lifted its position in shares of Starwood Property Trust by 86.1% during the 4th quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 730 shares in the last quarter. Quarry LP purchased a new position in shares of Starwood Property Trust during the 4th quarter valued at about $31,000. UMB Bank n.a. lifted its position in shares of Starwood Property Trust by 69.7% during the 4th quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 717 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Starwood Property Trust by 83.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,881 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 854 shares in the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

Starwood Property Trust Stock Performance

NYSE:STWD opened at $20.29 on Friday. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79. Starwood Property Trust, Inc. has a 1 year low of $16.59 and a 1 year high of $21.17. The stock’s 50 day simple moving average is $19.17 and its two-hundred day simple moving average is $19.47. The company has a market cap of $6.89 billion, a price-to-earnings ratio of 17.34 and a beta of 1.26.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Friday, May 9th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The firm had revenue of $418.18 million during the quarter, compared to the consensus estimate of $469.00 million. During the same period in the previous year, the firm earned $0.59 EPS. As a group, equities analysts anticipate that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.47%. The ex-dividend date was Monday, March 31st. Starwood Property Trust’s payout ratio is 202.11%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods decreased their target price on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. JPMorgan Chase & Co. lifted their target price on Starwood Property Trust from $19.00 to $19.50 and gave the company an “overweight” rating in a research note on Monday, May 12th. Finally, UBS Group decreased their target price on Starwood Property Trust from $19.50 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.75.

Starwood Property Trust Profile

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.