Federated Hermes Inc. Sells 1,285 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Federated Hermes Inc. decreased its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 3.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,038 shares of the real estate investment trust’s stock after selling 1,285 shares during the quarter. Federated Hermes Inc.’s holdings in Starwood Property Trust were worth $626,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Starwood Property Trust by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 28,852,499 shares of the real estate investment trust’s stock worth $606,480,000 after acquiring an additional 72,461 shares during the last quarter. Norges Bank acquired a new stake in Starwood Property Trust during the 4th quarter worth approximately $62,447,000. Wells Fargo & Company MN raised its holdings in Starwood Property Trust by 2.7% during the 4th quarter. Wells Fargo & Company MN now owns 2,246,265 shares of the real estate investment trust’s stock worth $47,216,000 after buying an additional 58,836 shares during the period. Van ECK Associates Corp raised its holdings in Starwood Property Trust by 9.5% during the 1st quarter. Van ECK Associates Corp now owns 1,250,425 shares of the real estate investment trust’s stock worth $25,421,000 after buying an additional 108,371 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Starwood Property Trust by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,120,227 shares of the real estate investment trust’s stock worth $22,774,000 after buying an additional 27,911 shares during the period. Institutional investors own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $20.50 to $22.50 in a report on Thursday, September 5th. Wells Fargo & Company raised their target price on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday. Wolfe Research initiated coverage on shares of Starwood Property Trust in a report on Tuesday, June 25th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Finally, BTIG Research reiterated a “buy” rating and issued a $24.00 price objective on shares of Starwood Property Trust in a report on Friday, July 19th. Four investment 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. Based on data from MarketBeat.com, Starwood Property Trust currently has an average rating of “Moderate Buy” and an average target price of $22.36.

Starwood Property Trust Price Performance

Shares of STWD opened at $20.96 on Monday. The company has a market cap of $6.62 billion, a price-to-earnings ratio of 15.08 and a beta of 1.70. Starwood Property Trust, Inc. has a 1-year low of $17.07 and a 1-year high of $22.29. The company’s fifty day simple moving average is $20.03 and its 200 day simple moving average is $19.75. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.80.

Starwood Property Trust (NYSE:STWD) last issued 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 for 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%. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 earnings per share. On average, research analysts forecast that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.48 per share. The ex-dividend date is Monday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 9.16%. Starwood Property Trust’s payout ratio is 138.13%.

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.