Baker Ellis Asset Management LLC Sells 1,775 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Baker Ellis Asset Management LLC lowered its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,735 shares of the real estate investment trust’s stock after selling 1,775 shares during the period. Baker Ellis Asset Management LLC’s holdings in Starwood Property Trust were worth $582,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its stake in shares of Starwood Property Trust by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,109,988 shares of the real estate investment trust’s stock worth $43,002,000 after buying an additional 116,182 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Starwood Property Trust by 147.2% in the third quarter. BNP Paribas Financial Markets now owns 225,245 shares of the real estate investment trust’s stock worth $4,590,000 after buying an additional 134,121 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Starwood Property Trust by 66.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 224,962 shares of the real estate investment trust’s stock worth $4,585,000 after buying an additional 90,046 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of Starwood Property Trust in the third quarter worth approximately $2,250,000. Finally, Quest Partners LLC lifted its stake in shares of Starwood Property Trust by 128.7% in the third quarter. Quest Partners LLC now owns 66,724 shares of the real estate investment trust’s stock worth $1,360,000 after buying an additional 37,554 shares in the last quarter. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

Shares of NYSE STWD opened at $19.02 on Thursday. The firm has a fifty day moving average price of $19.56 and a 200-day moving average price of $19.83. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market cap of $6.41 billion, a PE ratio of 16.25 and a beta of 1.69. Starwood Property Trust, Inc. has a 1 year low of $18.12 and a 1 year high of $21.19.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The firm had revenue of $479.50 million during the quarter, compared to analysts’ expectations of $488.63 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 earnings per share. Equities analysts anticipate that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.48 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.10%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 164.10%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on STWD shares. Keefe, Bruyette & Woods dropped their target price on shares of Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. UBS Group upped their target price on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. lowered their price objective on shares of Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, JMP Securities lowered their price objective on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.13.

About Starwood Property Trust

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.