Global Retirement Partners LLC Has $669,000 Stock Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Global Retirement Partners LLC trimmed its position in Starwood Property Trust, Inc. (NYSE:STWD) by 5.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,828 shares of the real estate investment trust’s stock after selling 1,789 shares during the period. Global Retirement Partners LLC’s holdings in Starwood Property Trust were worth $669,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Artemis Investment Management LLP acquired a new position in Starwood Property Trust in the third quarter valued at about $9,580,000. Lighthouse Investment Partners LLC bought a new stake in shares of Starwood Property Trust during the second quarter worth about $5,455,000. Blue Owl Capital Holdings LP bought a new stake in shares of Starwood Property Trust during the second quarter worth about $4,289,000. Squarepoint Ops LLC boosted its holdings in Starwood Property Trust by 1,490.6% in the second quarter. Squarepoint Ops LLC now owns 150,436 shares of the real estate investment trust’s stock valued at $2,849,000 after acquiring an additional 161,254 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Starwood Property Trust in the second quarter valued at approximately $2,788,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Stock Performance

Shares of STWD stock opened at $20.32 on Monday. The stock has a market cap of $6.42 billion, a PE ratio of 14.62 and a beta of 1.70. The business has a 50-day simple moving average of $20.18 and a 200-day simple moving average of $19.74. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 2.80. Starwood Property Trust, Inc. has a 52-week low of $17.07 and a 52-week high of $22.29.

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

Starwood Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.48 per share. 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 payout ratio is 138.13%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on STWD shares. JPMorgan Chase & Co. raised their target price on Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. BTIG Research reaffirmed a “buy” rating and issued a $24.00 price target on shares of Starwood Property Trust in a report on Friday, July 19th. Keefe, Bruyette & Woods raised Starwood Property Trust from a “market perform” rating to an “outperform” rating and raised their price target for the company from $20.50 to $22.50 in a report on Thursday, September 5th. Wells Fargo & Company raised their price objective on Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Finally, Wolfe Research assumed coverage on Starwood Property Trust in a research note on Tuesday, June 25th. They issued a “peer perform” rating on the stock. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.36.

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.