Starwood Property Trust, Inc. (NYSE:STWD) Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 13.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 65,842 shares of the real estate investment trust’s stock after selling 10,524 shares during the period. Truist Financial Corp’s holdings in Starwood Property Trust were worth $1,247,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Starwood Property Trust in the first quarter valued at approximately $26,000. Altshuler Shaham Ltd acquired a new stake in shares of Starwood Property Trust in the second quarter valued at approximately $28,000. Quarry LP acquired a new stake in Starwood Property Trust during the second quarter worth $36,000. Salem Investment Counselors Inc. raised its position in Starwood Property Trust by 80.0% in the first quarter. Salem Investment Counselors Inc. now owns 1,800 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 800 shares during the period. Finally, GAMMA Investing LLC raised its position in Starwood Property Trust by 54.1% in the second quarter. GAMMA Investing LLC now owns 2,263 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 794 shares during the period. 49.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on STWD. Wolfe Research began coverage on Starwood Property Trust in a research report on Tuesday, June 25th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. lifted their target price 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. Keefe, Bruyette & Woods upgraded Starwood Property Trust from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $20.50 to $22.50 in a research report on Thursday, September 5th. BTIG Research restated a “buy” rating and issued a $24.00 target price on shares of Starwood Property Trust in a research report on Friday, July 19th. Finally, Wells Fargo & Company lifted their price objective on Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.36.

Starwood Property Trust Trading Down 0.1 %

Shares of NYSE STWD opened at $19.74 on Friday. Starwood Property Trust, Inc. has a twelve month low of $17.07 and a twelve month high of $22.29. The stock has a market capitalization of $6.24 billion, a PE ratio of 14.20 and a beta of 1.70. 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 stock has a fifty day simple moving average of $20.09 and a 200-day simple moving average of $19.74.

Starwood Property Trust (NYSE:STWD) last released its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $489.80 million during the quarter, compared to analysts’ expectations of $505.23 million. During the same period in the previous year, the firm posted $0.47 EPS. Starwood Property Trust’s revenue for the quarter was down 5.0% on a year-over-year basis. On average, equities analysts forecast that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current 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 dividend of $0.48 per share. The ex-dividend date is Monday, September 30th. This represents a $1.92 annualized dividend and a yield of 9.73%. Starwood Property Trust’s payout ratio is 138.13%.

About Starwood Property Trust

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.