JPMorgan Chase & Co. Sells 775,291 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

JPMorgan Chase & Co. reduced its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 15.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,310,392 shares of the real estate investment trust’s stock after selling 775,291 shares during the period. JPMorgan Chase & Co. owned about 1.28% of Starwood Property Trust worth $87,846,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. increased its position in Starwood Property Trust by 0.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 57,077 shares of the real estate investment trust’s stock valued at $1,081,000 after acquiring an additional 517 shares during the period. Summit Trail Advisors LLC increased its holdings in Starwood Property Trust by 3.1% in the third quarter. Summit Trail Advisors LLC now owns 25,015 shares of the real estate investment trust’s stock valued at $522,000 after purchasing an additional 760 shares during the period. GAMMA Investing LLC raised its position in Starwood Property Trust by 33.7% during the 3rd quarter. GAMMA Investing LLC now owns 3,025 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 762 shares during the last quarter. MML Investors Services LLC grew its position in shares of Starwood Property Trust by 4.0% in the 3rd quarter. MML Investors Services LLC now owns 19,976 shares of the real estate investment trust’s stock valued at $407,000 after buying an additional 767 shares during the last quarter. Finally, Kingsview Wealth Management LLC increased its stake in shares of Starwood Property Trust by 6.0% in the third quarter. Kingsview Wealth Management LLC now owns 14,474 shares of the real estate investment trust’s stock valued at $295,000 after buying an additional 821 shares during the period. Institutional investors and hedge funds own 49.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. JMP Securities reduced their target price on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a report on Thursday, November 7th. Wells Fargo & Company increased their price objective on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $20.50 to $22.50 in a report on Thursday, September 5th. UBS Group boosted their price objective on Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. decreased their target price on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Starwood Property Trust currently has a consensus rating of “Moderate Buy” and an average price target of $22.25.

Starwood Property Trust Stock Performance

Shares of STWD stock opened at $19.05 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61. The firm has a fifty day simple moving average of $19.74 and a two-hundred day simple moving average of $19.83. Starwood Property Trust, Inc. has a 12 month low of $18.43 and a 12 month high of $21.22. The firm has a market capitalization of $6.42 billion, a PE ratio of 16.28 and a beta of 1.69.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.05. The business had revenue of $479.50 million for the quarter, compared to analysts’ expectations of $488.63 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 EPS. Analysts forecast that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 10.08%. The ex-dividend date of this dividend is Tuesday, December 31st. Starwood Property Trust’s dividend payout ratio (DPR) is presently 164.10%.

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.