Vontobel Holding Ltd. Sells 1,849 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Vontobel Holding Ltd. reduced its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 14.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,666 shares of the real estate investment trust’s stock after selling 1,849 shares during the quarter. Vontobel Holding Ltd.’s holdings in Starwood Property Trust were worth $217,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Starwood Property Trust during the 1st quarter valued at approximately $26,000. Altshuler Shaham Ltd bought a new stake in shares of Starwood Property Trust during the second quarter worth $28,000. Future Financial Wealth Managment LLC acquired a new position in shares of Starwood Property Trust during the third quarter worth $34,000. Quarry LP acquired a new position in shares of Starwood Property Trust during the second quarter worth $36,000. Finally, GAMMA Investing LLC lifted its stake in shares of Starwood Property Trust by 54.1% in the 2nd quarter. GAMMA Investing LLC now owns 2,263 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 794 shares during the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on STWD shares. Keefe, Bruyette & Woods raised Starwood Property Trust from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $20.50 to $22.50 in a report on Thursday, September 5th. Wells Fargo & Company upped 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. JPMorgan Chase & Co. lifted their target price on shares of Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Finally, BTIG Research restated a “buy” rating and issued a $24.00 price target on shares of Starwood Property Trust in a research report on Friday, July 19th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.36.

Starwood Property Trust Stock Performance

NYSE:STWD opened at $19.88 on Thursday. The company has a market capitalization of $6.30 billion, a PE ratio of 18.24 and a beta of 1.70. Starwood Property Trust, Inc. has a fifty-two week low of $17.07 and a fifty-two week high of $22.29. 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 company has a 50 day simple moving average of $20.20 and a two-hundred day simple moving average of $19.74.

Starwood Property Trust (NYSE:STWD) last announced its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The business 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%. Starwood Property Trust’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 earnings per share. Research analysts anticipate that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current year.

Starwood Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.66%. The ex-dividend date of this dividend is Tuesday, December 31st. Starwood Property Trust’s dividend payout ratio is 176.15%.

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.