SeaBridge Investment Advisors LLC decreased its position in Starwood Property Trust, Inc. (NYSE:STWD) by 5.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 138,365 shares of the real estate investment trust’s stock after selling 7,345 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in Starwood Property Trust were worth $2,978,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LSV Asset Management boosted its position in Starwood Property Trust by 3.3% during the second quarter. LSV Asset Management now owns 5,657,722 shares of the real estate investment trust’s stock worth $122,829,000 after purchasing an additional 178,413 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Starwood Property Trust by 2.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,002,707 shares of the real estate investment trust’s stock worth $65,190,000 after purchasing an additional 76,362 shares during the period. Acadian Asset Management LLC boosted its position in Starwood Property Trust by 296.9% during the second quarter. Acadian Asset Management LLC now owns 2,931,460 shares of the real estate investment trust’s stock worth $63,643,000 after purchasing an additional 2,192,931 shares during the period. Renaissance Technologies LLC boosted its position in Starwood Property Trust by 121.2% during the second quarter. Renaissance Technologies LLC now owns 2,313,484 shares of the real estate investment trust’s stock worth $50,226,000 after purchasing an additional 1,267,400 shares during the period. Finally, Boston Partners boosted its position in Starwood Property Trust by 3.4% during the second quarter. Boston Partners now owns 2,118,155 shares of the real estate investment trust’s stock worth $45,985,000 after purchasing an additional 68,679 shares during the period. 66.09% of the stock is owned by institutional investors and hedge funds.
Shares of STWD traded up $0.02 during mid-day trading on Friday, hitting $21.68. The company’s stock had a trading volume of 41,278 shares, compared to its average volume of 2,338,737. Starwood Property Trust, Inc. has a one year low of $19.47 and a one year high of $23.04. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 10.06, a P/E/G ratio of 2.05 and a beta of 0.33.
Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Wednesday, August 8th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. Starwood Property Trust had a return on equity of 13.19% and a net margin of 39.03%. The company had revenue of $307.20 million during the quarter, compared to analysts’ expectations of $257.88 million. During the same period in the prior year, the business earned $0.52 earnings per share. Starwood Property Trust’s revenue for the quarter was up 45.2% compared to the same quarter last year. Equities analysts predict that Starwood Property Trust, Inc. will post 2.13 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were given a $0.48 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.92 annualized dividend and a dividend yield of 8.86%. Starwood Property Trust’s dividend payout ratio is 88.89%.
STWD has been the subject of a number of recent analyst reports. ValuEngine cut Starwood Property Trust from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Credit Suisse Group upped their target price on Starwood Property Trust from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 21st. JPMorgan Chase & Co. initiated coverage on Starwood Property Trust in a research report on Friday, September 21st. They set an “overweight” rating and a $23.00 target price for the company. Finally, Zacks Investment Research cut Starwood Property Trust from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $24.00.
About Starwood Property Trust
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.
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