Cerity Partners LLC Has $786,000 Holdings in STARWOOD PROPERTY TRUST, INC. (NYSE:STWD)

Cerity Partners LLC decreased its holdings in shares of STARWOOD PROPERTY TRUST, INC. (NYSE:STWD) by 30.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,747 shares of the real estate investment trust’s stock after selling 17,722 shares during the quarter. Cerity Partners LLC’s holdings in STARWOOD PROPERTY TRUST were worth $786,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in STWD. Financial Gravity Asset Management Inc. bought a new position in shares of STARWOOD PROPERTY TRUST in the 1st quarter worth $44,000. Penserra Capital Management LLC lifted its holdings in STARWOOD PROPERTY TRUST by 14.4% during the first quarter. Penserra Capital Management LLC now owns 83,551 shares of the real estate investment trust’s stock worth $1,651,000 after acquiring an additional 10,528 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in STARWOOD PROPERTY TRUST by 7.8% during the first quarter. Concurrent Investment Advisors LLC now owns 148,530 shares of the real estate investment trust’s stock worth $2,936,000 after acquiring an additional 10,720 shares in the last quarter. World Investment Advisors lifted its holdings in STARWOOD PROPERTY TRUST by 4.8% during the first quarter. World Investment Advisors now owns 11,646 shares of the real estate investment trust’s stock worth $230,000 after acquiring an additional 530 shares in the last quarter. Finally, Aviance Capital Partners LLC lifted its holdings in STARWOOD PROPERTY TRUST by 2.7% during the first quarter. Aviance Capital Partners LLC now owns 94,875 shares of the real estate investment trust’s stock worth $1,876,000 after acquiring an additional 2,525 shares in the last quarter. Institutional investors own 49.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on STARWOOD PROPERTY TRUST from $19.00 to $19.50 and gave the stock an “overweight” rating in a report on Monday, May 12th. UBS Group raised their price target on STARWOOD PROPERTY TRUST from $19.50 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods raised their price target on STARWOOD PROPERTY TRUST from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, STARWOOD PROPERTY TRUST currently has a consensus rating of “Moderate Buy” and an average target price of $21.70.

STARWOOD PROPERTY TRUST Stock Up 0.1%

Shares of NYSE:STWD opened at $19.95 on Thursday. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 20.99 and a beta of 1.24. The firm’s 50-day simple moving average is $20.17 and its 200-day simple moving average is $19.62. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.73. STARWOOD PROPERTY TRUST, INC. has a fifty-two week low of $16.59 and a fifty-two week high of $21.17.

STARWOOD PROPERTY TRUST (NYSE:STWD) last posted its quarterly earnings results on Friday, May 9th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). STARWOOD PROPERTY TRUST had a return on equity of 8.87% and a net margin of 17.26%. The company had revenue of $418.18 million for the quarter, compared to analysts’ expectations of $469.00 million. During the same period in the prior year, the business earned $0.59 EPS. As a group, equities research analysts predict that STARWOOD PROPERTY TRUST, INC. will post 1.88 earnings per share for the current year.

STARWOOD PROPERTY TRUST Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.63%. The ex-dividend date is Tuesday, September 30th. STARWOOD PROPERTY TRUST’s payout ratio is 202.11%.

STARWOOD PROPERTY TRUST Company Profile

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.