Seeyond decreased its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 47.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,587 shares of the real estate investment trust’s stock after selling 1,424 shares during the period. Seeyond’s holdings in Starwood Property Trust were worth $36,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Dubuque Bank & Trust Co. raised its stake in Starwood Property Trust by 3.4% in the second quarter. Dubuque Bank & Trust Co. now owns 55,464 shares of the real estate investment trust’s stock valued at $1,260,000 after buying an additional 1,806 shares during the period. Advisory Services Network LLC raised its stake in Starwood Property Trust by 38.6% in the first quarter. Advisory Services Network LLC now owns 2,979 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 829 shares during the period. Synovus Financial Corp raised its stake in Starwood Property Trust by 25.8% in the first quarter. Synovus Financial Corp now owns 4,011 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 822 shares during the period. Pinnacle Associates Ltd. raised its stake in Starwood Property Trust by 5.3% in the second quarter. Pinnacle Associates Ltd. now owns 12,887 shares of the real estate investment trust’s stock valued at $293,000 after buying an additional 650 shares during the period. Finally, Orinda Asset Management LLC raised its stake in Starwood Property Trust by 14.7% in the first quarter. Orinda Asset Management LLC now owns 110,000 shares of the real estate investment trust’s stock valued at $2,459,000 after buying an additional 14,100 shares during the period. Hedge funds and other institutional investors own 62.74% of the company’s stock.
Several research firms have issued reports on STWD. Raymond James upped their price objective on Starwood Property Trust from $24.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. Zacks Investment Research upgraded Starwood Property Trust from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Wednesday, August 28th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $25.50.
Starwood Property Trust (NYSE:STWD) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. The company had revenue of $351.99 million for the quarter, compared to analyst estimates 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 company earned $0.54 earnings per share. Research analysts predict that Starwood Property Trust, Inc. will post 1.77 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.48 per share. The ex-dividend date is Friday, September 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 7.90%. Starwood Property Trust’s dividend payout ratio (DPR) is currently 91.00%.
In other news, President Jeffrey F. Dimodica sold 30,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $23.74, for a total transaction of $712,200.00. Following the transaction, the president now owns 305,765 shares in the company, valued at $7,258,861.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Rina Paniry sold 13,000 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $24.01, for a total value of $312,130.00. Following the transaction, the chief financial officer now owns 199,927 shares in the company, valued at approximately $4,800,247.27. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.
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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