UBS Asset Management Americas Inc. Reduces Stake in Starwood Property Trust, Inc. (NYSE:STWD)

UBS Asset Management Americas Inc. reduced its position in Starwood Property Trust, Inc. (NYSE:STWD) by 34.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 364,922 shares of the real estate investment trust’s stock after selling 192,686 shares during the period. UBS Asset Management Americas Inc.’s holdings in Starwood Property Trust were worth $8,291,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in STWD. Essex Financial Services Inc. grew its holdings in Starwood Property Trust by 4.2% during the 2nd quarter. Essex Financial Services Inc. now owns 12,500 shares of the real estate investment trust’s stock valued at $284,000 after buying an additional 500 shares during the last quarter. Mirador Capital Partners LP raised its position in shares of Starwood Property Trust by 5.0% in the 2nd quarter. Mirador Capital Partners LP now owns 12,794 shares of the real estate investment trust’s stock worth $291,000 after buying an additional 607 shares during the period. Private Trust Co. NA raised its position in shares of Starwood Property Trust by 4.0% in the 2nd quarter. Private Trust Co. NA now owns 15,699 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 608 shares during the period. Natixis Advisors L.P. raised its position in shares of Starwood Property Trust by 1.1% in the 2nd quarter. Natixis Advisors L.P. now owns 60,548 shares of the real estate investment trust’s stock worth $1,376,000 after buying an additional 644 shares during the period. Finally, Pinnacle Associates Ltd. raised its position in shares of Starwood Property Trust by 5.3% in the 2nd quarter. Pinnacle Associates Ltd. now owns 12,887 shares of the real estate investment trust’s stock worth $293,000 after buying an additional 650 shares during the period. 62.74% of the stock is owned by hedge funds and other institutional investors.

Shares of STWD opened at $24.02 on Friday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 2.29. The firm has a market capitalization of $6.75 billion, a P/E ratio of 11.38 and a beta of 0.57. The stock’s fifty day simple moving average is $23.97 and its 200 day simple moving average is $23.10. Starwood Property Trust, Inc. has a twelve month low of $19.16 and a twelve month high of $24.96.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.02. The business 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 business’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. Sell-side analysts predict that Starwood Property Trust, Inc. will post 1.84 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 7.99%. The ex-dividend date is Friday, September 27th. Starwood Property Trust’s dividend payout ratio (DPR) is currently 91.00%.

In other Starwood Property Trust news, President Jeffrey F. Dimodica sold 30,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $23.74, for a total value of $712,200.00. Following the transaction, the president now directly owns 305,765 shares of the company’s stock, valued at $7,258,861.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Rina Paniry sold 13,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $24.01, for a total value of $312,130.00. Following the completion of the transaction, the chief financial officer now directly owns 199,927 shares in the company, valued at $4,800,247.27. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

STWD has been the topic of several research reports. Raymond James increased their target price on Starwood Property Trust from $24.00 to $27.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. Zacks Investment Research raised Starwood Property Trust from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, August 28th.

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.

See Also: Real Estate Investment Trust (REIT) ETF

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

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