Penn Mutual Life Insurance Co cut its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 28.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,000 shares of the real estate investment trust’s stock after selling 35,000 shares during the period. Starwood Property Trust makes up 1.3% of Penn Mutual Life Insurance Co’s holdings, making the stock its 19th biggest holding. Penn Mutual Life Insurance Co’s holdings in Starwood Property Trust were worth $1,957,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Starwood Property Trust by 1.6% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,375 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 87 shares in the last quarter. Penserra Capital Management LLC grew its holdings in shares of Starwood Property Trust by 10.0% in the second quarter. Penserra Capital Management LLC now owns 6,453 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 586 shares in the last quarter. ClariVest Asset Management LLC grew its holdings in shares of Starwood Property Trust by 26.6% in the second quarter. ClariVest Asset Management LLC now owns 6,506 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 1,366 shares in the last quarter. Ffcm LLC grew its holdings in shares of Starwood Property Trust by 108.2% in the second quarter. Ffcm LLC now owns 7,253 shares of the real estate investment trust’s stock valued at $164,000 after purchasing an additional 3,769 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Starwood Property Trust by 5.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,039 shares of the real estate investment trust’s stock valued at $180,000 after purchasing an additional 438 shares in the last quarter. 67.53% of the stock is currently owned by institutional investors.

Shares of Starwood Property Trust, Inc. (NYSE STWD) traded down $0.04 during trading hours on Thursday, hitting $21.64. 924,200 shares of the stock traded hands, compared to its average volume of 1,766,445. The stock has a market cap of $5,658.45, a P/E ratio of 10.32, a PEG ratio of 2.05 and a beta of 0.51. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 1.68. Starwood Property Trust, Inc. has a twelve month low of $21.27 and a twelve month high of $23.01.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.11. The business had revenue of $226.77 million during the quarter, compared to the consensus estimate of $236.76 million. Starwood Property Trust had a net margin of 52.28% and a return on equity of 11.88%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 EPS. equities research analysts expect that Starwood Property Trust, Inc. will post 2.12 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a $0.48 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.92 annualized dividend and a yield of 8.87%. Starwood Property Trust’s dividend payout ratio (DPR) is 116.36%.

Several research analysts have commented on STWD shares. Compass Point upgraded shares of Starwood Property Trust from a “neutral” rating to a “buy” rating in a report on Wednesday, October 25th. ValuEngine upgraded shares of Starwood Property Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. B. Riley reiterated a “buy” rating and set a $24.00 price target on shares of Starwood Property Trust in a report on Thursday, November 9th. Finally, Zacks Investment Research upgraded shares of Starwood Property Trust from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Wednesday, November 15th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $24.00.

In other Starwood Property Trust news, COO Andrew Jay Sossen sold 11,270 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $21.94, for a total value of $247,263.80. Following the transaction, the chief operating officer now directly owns 108,258 shares of the company’s stock, valued at approximately $2,375,180.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Rina Paniry sold 6,867 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $21.96, for a total transaction of $150,799.32. Following the completion of the transaction, the chief financial officer now directly owns 100,026 shares in the company, valued at $2,196,570.96. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.

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Starwood Property Trust Company Profile

Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

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