Starwood Property Trust, Inc. (STWD)

Real Estate Investment Trusts

Latest Price

$12.40

TTM P/E

21.38

Normalized P/E

9.06

TTM Div Yield

15.48%

Fwd Div Yield

15.48%

Book Value

17.53

P/B Ratio

0.71

Valuation metrics

EPS: $1.15

Book value / share: $18.34

Formula: √(22.5 × EPS × BVPS)

Graham Number

$21.78

+75% upside

Norm. op. income: $946M (median of 7yr)

Tax rate: 5%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$20.87

+68% upside

EPS: $1.15

Target P/E: 9×

Formula: EPS × P/E

P/E Fair Value

$10.35

17% downside

51.6% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	35.98M	$589.0M	9.71%	+727.0K	2026-06-30
Vanguard Capital Management LLC	15.78M	$258.0M	4.26%	+186.6K	2026-06-30
Vanguard Portfolio Management LLC	15.03M	$246.0M	4.05%	-70.1K	2026-06-30
State Street Corp	11.90M	$200.0M	3.21%	+99.3K	2026-06-30
Morgan Stanley	8.79M	$143.0M	2.37%	+1.36M	2026-06-30
Geode Capital Management, LLC	6.70M	$109.0M	1.81%	+108.0K	2026-06-30
Ameriprise Financial Inc	4.98M	$81.0M	1.34%	-733.3K	2026-06-30
Northern Trust Corp	4.52M	$73.0M	1.22%	-915.9K	2026-06-30
Advisors Capital Management, LLC	4.28M	$70.0M	1.16%	+276.7K	2026-06-30
Two Sigma Investments, LP	3.87M	$63.0M	1.04%	--	2026-06-30