Nisa Investment Advisors LLC decreased its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 40.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 159,558 shares of the real estate investment trust’s stock after selling 108,000 shares during the period. Nisa Investment Advisors LLC owned approximately 0.05% of Starwood Property Trust worth $3,104,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC bought a new stake in shares of Starwood Property Trust in the 4th quarter worth $26,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Starwood Property Trust in the 1st quarter worth $26,000. ICA Group Wealth Management LLC bought a new stake in shares of Starwood Property Trust in the 4th quarter worth $28,000. Cape Investment Advisory Inc. bought a new stake in shares of Starwood Property Trust in the 4th quarter worth $32,000. Finally, Core Wealth Advisors Inc. bought a new stake in shares of Starwood Property Trust in the 4th quarter worth $32,000. Institutional investors and hedge funds own 49.82% of the company’s stock.
Wall Street Analysts Forecast Growth
STWD has been the subject of several recent analyst reports. BTIG Research reiterated a “buy” rating and issued a $24.00 target price on shares of Starwood Property Trust in a research note on Friday, July 19th. Raymond James reduced their price target on shares of Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating for the company in a research report on Thursday, May 16th. JPMorgan Chase & Co. increased their price target on shares of Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Wolfe Research started coverage on shares of Starwood Property Trust in a research report on Tuesday, June 25th. They set a “peer perform” rating for the company. Finally, Keefe, Bruyette & Woods increased their price target on shares of Starwood Property Trust from $20.00 to $20.50 and gave the company a “market perform” rating in a research report on Friday, August 9th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.79.
View Our Latest Report on STWD
Starwood Property Trust Trading Down 0.5 %
Shares of Starwood Property Trust stock opened at $19.90 on Wednesday. Starwood Property Trust, Inc. has a 12-month low of $17.07 and a 12-month high of $22.29. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 14.32 and a beta of 1.69. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.80. The company’s 50-day moving average price is $19.52 and its 200-day moving average price is $19.65.
Starwood Property Trust (NYSE:STWD – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. The firm had revenue of $489.80 million for the quarter, compared to the consensus estimate of $505.23 million. During the same period in the prior year, the firm posted $0.47 earnings per share. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. On average, equities analysts expect that Starwood Property Trust, Inc. will post 1.91 earnings per share for the current fiscal year.
Starwood Property Trust Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.65%. The ex-dividend date is Monday, September 30th. Starwood Property Trust’s dividend payout ratio is currently 138.13%.
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.
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