Tidal Investments LLC lowered its position in shares of Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 12.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,354 shares of the real estate investment trust’s stock after selling 2,365 shares during the period. Tidal Investments LLC’s holdings in Starwood Property Trust were worth $332,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its holdings in shares of Starwood Property Trust by 615.8% during the 4th quarter. BNP Paribas Financial Markets now owns 149,339 shares of the real estate investment trust’s stock valued at $3,139,000 after acquiring an additional 128,477 shares during the last quarter. Brown Advisory Inc. grew its position in Starwood Property Trust by 77.1% in the 4th quarter. Brown Advisory Inc. now owns 105,596 shares of the real estate investment trust’s stock worth $2,220,000 after purchasing an additional 45,983 shares during the period. Victory Capital Management Inc. raised its stake in Starwood Property Trust by 233.4% during the 4th quarter. Victory Capital Management Inc. now owns 180,403 shares of the real estate investment trust’s stock valued at $3,792,000 after buying an additional 126,298 shares during the last quarter. Cibc World Markets Corp purchased a new stake in Starwood Property Trust during the 4th quarter valued at $2,091,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of Starwood Property Trust by 2,347.1% during the 4th quarter. International Assets Investment Management LLC now owns 270,406 shares of the real estate investment trust’s stock valued at $5,684,000 after buying an additional 259,356 shares during the period. Institutional investors own 49.82% of the company’s stock.
Starwood Property Trust Price Performance
STWD stock traded down $0.03 during trading on Friday, hitting $19.53. 1,214,617 shares of the company’s stock traded hands, compared to its average volume of 2,211,095. Starwood Property Trust, Inc. has a 52 week low of $17.07 and a 52 week high of $22.29. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 14.05 and a beta of 1.69. The business has a fifty day simple moving average of $19.44 and a 200 day simple moving average of $19.71. The company has a debt-to-equity ratio of 2.80, a quick ratio of 2.49 and a current ratio of 1.84.
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 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The firm had revenue of $489.80 million during 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 revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 EPS. As a group, research analysts expect that Starwood Property Trust, Inc. will post 1.91 EPS for the current fiscal year.
Starwood Property Trust Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 9.83%. The ex-dividend date is Monday, September 30th. Starwood Property Trust’s dividend payout ratio is currently 138.13%.
Analysts Set New Price Targets
STWD has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Raymond James lowered their price objective on shares of Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a research note on Thursday, May 16th. Wolfe Research assumed coverage on shares of Starwood Property Trust in a research report on Tuesday, June 25th. They issued a “peer perform” rating on the stock. Keefe, Bruyette & Woods raised their target price on shares of Starwood Property Trust from $20.00 to $20.50 and gave the stock a “market perform” rating in a research note on Friday. Finally, BTIG Research restated a “buy” rating and set a $24.00 target price on shares of Starwood Property Trust in a research note on Friday, July 19th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Starwood Property Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.79.
Check Out Our Latest Stock Report on Starwood Property Trust
Starwood Property Trust Company 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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