Starwood Property Trust, Inc. (NYSE:STWD) Shares Sold by Wrapmanager Inc.
Wrapmanager Inc. lessened its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,997 shares of the real estate investment trust’s stock after selling 450 shares during the quarter. Wrapmanager Inc.’s holdings in Starwood Property Trust were worth $318,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of STWD. PenderFund Capital Management Ltd. increased its holdings in shares of Starwood Property Trust by 58,834.0% in the second quarter. PenderFund Capital Management Ltd. now owns 5,805,000 shares of the real estate investment trust’s stock valued at $6,975,000 after purchasing an additional 5,795,150 shares during the last quarter. Raymond James & Associates increased its stake in Starwood Property Trust by 37.5% during the first quarter. Raymond James & Associates now owns 2,531,966 shares of the real estate investment trust’s stock worth $56,589,000 after acquiring an additional 691,038 shares during the last quarter. Timbercreek Investment Management Inc. increased its stake in Starwood Property Trust by 79.0% during the second quarter. Timbercreek Investment Management Inc. now owns 933,789 shares of the real estate investment trust’s stock worth $21,150,000 after acquiring an additional 412,100 shares during the last quarter. Resource America Inc. acquired a new stake in Starwood Property Trust during the first quarter worth $6,146,000. Finally, CWM LLC increased its stake in Starwood Property Trust by 19.5% during the first quarter. CWM LLC now owns 1,289,272 shares of the real estate investment trust’s stock worth $28,815,000 after acquiring an additional 210,693 shares during the last quarter. 63.79% of the stock is owned by hedge funds and other institutional investors.
Several research firms have issued reports on STWD. Raymond James raised their target price on Starwood Property Trust from $24.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday. Zacks Investment Research raised Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $24.80.
Starwood Property Trust (NYSE:STWD) last posted its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. The company had revenue of $351.99 million during the quarter, compared to analysts’ expectations of $308.00 million. Starwood Property Trust had a return on equity of 10.51% and a net margin of 31.15%. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. As a group, analysts predict that Starwood Property Trust, Inc. will post 1.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.48 per share. The ex-dividend date is Friday, September 27th. This represents a $1.92 annualized dividend and a dividend yield of 8.25%. Starwood Property Trust’s dividend payout ratio is currently 91.00%.
Starwood Property Trust Profile
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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