NBC Securities Inc. Sells 11,422 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

NBC Securities Inc. lowered its position in Starwood Property Trust, Inc. (NYSE:STWD) by 70.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,889 shares of the real estate investment trust’s stock after selling 11,422 shares during the period. NBC Securities Inc.’s holdings in Starwood Property Trust were worth $99,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning grew its stake in Starwood Property Trust by 67.0% in the third quarter. Creative Planning now owns 53,441 shares of the real estate investment trust’s stock worth $1,089,000 after purchasing an additional 21,440 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in shares of Starwood Property Trust in the 3rd quarter worth about $34,000. Artemis Investment Management LLP bought a new position in shares of Starwood Property Trust in the 3rd quarter worth about $9,580,000. WealthBridge Capital Management LLC lifted its position in Starwood Property Trust by 14.4% during the 3rd quarter. WealthBridge Capital Management LLC now owns 42,922 shares of the real estate investment trust’s stock valued at $875,000 after acquiring an additional 5,397 shares during the period. Finally, Herbst Group LLC boosted its stake in Starwood Property Trust by 12.5% during the third quarter. Herbst Group LLC now owns 54,940 shares of the real estate investment trust’s stock worth $1,120,000 after acquiring an additional 6,100 shares in the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Analysts Set New Price Targets

STWD has been the subject of several recent research reports. Wolfe Research started coverage on shares of Starwood Property Trust in a report on Tuesday, June 25th. They set a “peer perform” rating for the company. Wells Fargo & Company boosted their target price on Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. BTIG Research restated a “buy” rating and set a $24.00 price target on shares of Starwood Property Trust in a report on Friday, July 19th. Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $20.50 to $22.50 in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. increased their price objective 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. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Starwood Property Trust currently has a consensus rating of “Moderate Buy” and an average target price of $22.36.

Starwood Property Trust Price Performance

Shares of NYSE:STWD opened at $20.32 on Monday. 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 firm has a market cap of $6.42 billion, a price-to-earnings ratio of 14.62 and a beta of 1.70. The business has a 50-day simple moving average of $20.18 and a two-hundred day simple moving average of $19.74. Starwood Property Trust, Inc. has a fifty-two week low of $17.07 and a fifty-two week high of $22.29.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $505.23 million. During the same period in the previous year, the company earned $0.47 earnings per share. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. On average, analysts expect that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current year.

Starwood Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.48 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.45%. Starwood Property Trust’s dividend payout ratio (DPR) is currently 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.