Mutual of America Capital Management LLC Sells 5,389 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Mutual of America Capital Management LLC trimmed its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 1.7% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 314,457 shares of the real estate investment trust’s stock after selling 5,389 shares during the quarter. Mutual of America Capital Management LLC owned 0.10% of Starwood Property Trust worth $5,956,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in STWD. Fortem Financial Group LLC lifted its stake in Starwood Property Trust by 2.0% in the second quarter. Fortem Financial Group LLC now owns 26,278 shares of the real estate investment trust’s stock worth $498,000 after purchasing an additional 519 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Starwood Property Trust by 26.0% in the 2nd quarter. Fifth Third Bancorp now owns 2,572 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 531 shares during the last quarter. Retirement Group LLC grew its position in Starwood Property Trust by 33.5% during the 1st quarter. Retirement Group LLC now owns 2,516 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 631 shares during the last quarter. Advisory Services Network LLC increased its stake in Starwood Property Trust by 7.3% in the 4th quarter. Advisory Services Network LLC now owns 9,455 shares of the real estate investment trust’s stock worth $199,000 after purchasing an additional 644 shares during the period. Finally, Commerce Bank lifted its position in Starwood Property Trust by 5.3% in the fourth quarter. Commerce Bank now owns 13,178 shares of the real estate investment trust’s stock valued at $277,000 after purchasing an additional 664 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Analyst Upgrades and Downgrades

STWD has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday. BTIG Research reiterated a “buy” rating and set a $24.00 target price on shares of Starwood Property Trust in a report on Friday, July 19th. Keefe, Bruyette & Woods upgraded 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. JPMorgan Chase & Co. increased their price objective on Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, Wolfe Research assumed coverage on Starwood Property Trust in a research note on Tuesday, June 25th. They set a “peer perform” rating on the stock. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.36.

Starwood Property Trust Stock Down 0.7 %

Shares of NYSE:STWD opened at $20.96 on Friday. The firm has a market capitalization of $6.64 billion, a P/E ratio of 15.08 and a beta of 1.70. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a 50 day moving average price of $20.01 and a 200-day moving average price of $19.75. Starwood Property Trust, Inc. has a 52-week low of $17.07 and a 52-week high of $22.29.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data 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 return on equity of 10.03% and a net margin of 17.05%. The business had revenue of $489.80 million during the quarter, compared to the consensus estimate of $505.23 million. During the same quarter in the prior year, the company earned $0.47 earnings per share. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Starwood Property Trust, Inc. will post 1.89 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.16%. The ex-dividend date is Monday, September 30th. Starwood Property Trust’s 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.