Private Advisor Group LLC Decreases Stake in Starwood Property Trust, Inc. (NYSE:STWD)

Private Advisor Group LLC lowered its position in Starwood Property Trust, Inc. (NYSE:STWD) by 18.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 49,717 shares of the real estate investment trust’s stock after selling 11,335 shares during the quarter. Private Advisor Group LLC’s holdings in Starwood Property Trust were worth $942,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in STWD. Allspring Global Investments Holdings LLC bought a new position in Starwood Property Trust in the 1st quarter worth about $26,000. ICA Group Wealth Management LLC bought a new position in Starwood Property Trust in the 4th quarter worth about $28,000. Cape Investment Advisory Inc. bought a new position in Starwood Property Trust in the 4th quarter worth about $32,000. Core Wealth Advisors Inc. bought a new position in Starwood Property Trust in the 4th quarter worth about $32,000. Finally, Salem Investment Counselors Inc. boosted its position in shares of Starwood Property Trust by 80.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 1,800 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Price Performance

Shares of Starwood Property Trust stock opened at $20.43 on Tuesday. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.84 and a quick ratio of 1.84. The business’s 50 day simple moving average is $19.92 and its two-hundred day simple moving average is $19.73. The stock has a market capitalization of $6.45 billion, a P/E ratio of 14.69 and a beta of 1.70. Starwood Property Trust, Inc. has a one year low of $17.07 and a one year high of $22.29.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The business had revenue of $489.80 million for the quarter, compared to analysts’ expectations of $505.23 million. Starwood Property Trust had a return on equity of 10.03% and a net margin of 17.05%. The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS. Analysts forecast that Starwood Property Trust, Inc. will post 1.89 EPS for the current year.

Starwood Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.92 annualized dividend and a dividend yield of 9.40%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 138.13%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on STWD shares. Keefe, Bruyette & Woods upgraded Starwood Property Trust from a “market perform” rating to an “outperform” rating and lifted their price target 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. JPMorgan Chase & Co. boosted their target price on 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, Wolfe Research started coverage on Starwood Property Trust in a research report on Tuesday, June 25th. They issued a “peer perform” rating for the company. Four investment 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.07.

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.