Bleakley Financial Group LLC Sells 117,179 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Bleakley Financial Group LLC trimmed its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 81.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,550 shares of the real estate investment trust’s stock after selling 117,179 shares during the period. Bleakley Financial Group LLC’s holdings in Starwood Property Trust were worth $541,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Starwood Property Trust during the 1st quarter valued at $26,000. Altshuler Shaham Ltd bought a new stake in Starwood Property Trust in the second quarter valued at about $28,000. Future Financial Wealth Managment LLC acquired a new position in Starwood Property Trust in the third quarter valued at about $34,000. Quarry LP bought a new position in Starwood Property Trust during the second quarter worth about $36,000. Finally, Salem Investment Counselors Inc. grew 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 worth $37,000 after buying an additional 800 shares during the period. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Stock Down 2.6 %

STWD stock opened at $19.80 on Tuesday. The business has a 50-day moving average of $20.18 and a 200-day moving average of $19.74. Starwood Property Trust, Inc. has a fifty-two week low of $17.07 and a fifty-two week high of $22.29. The stock has a market capitalization of $6.27 billion, a P/E ratio of 18.17 and a beta of 1.70. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.84 and a quick ratio of 1.84.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share 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 analysts’ expectations of $505.23 million. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period last year, the business earned $0.47 EPS. On average, sell-side analysts anticipate that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 9.70%. The ex-dividend date of this dividend was Monday, September 30th. Starwood Property Trust’s payout ratio is 176.15%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on STWD shares. Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and increased their price target for the company from $20.50 to $22.50 in a research report on Thursday, September 5th. JPMorgan Chase & Co. lifted their price target 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. BTIG Research restated a “buy” rating and issued a $24.00 price objective on shares of Starwood Property Trust in a research report on Friday, July 19th. Wells Fargo & Company lifted their target price on Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Finally, Wolfe Research started coverage on Starwood Property Trust in a research note on Tuesday, June 25th. They issued a “peer perform” rating for the company. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.