Atria Wealth Solutions Inc. Sells 36,755 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Atria Wealth Solutions Inc. lowered its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 41.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,393 shares of the real estate investment trust’s stock after selling 36,755 shares during the period. Atria Wealth Solutions Inc.’s holdings in Starwood Property Trust were worth $1,016,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Northern Trust Corp boosted its position in shares of Starwood Property Trust by 16.2% during the fourth quarter. Northern Trust Corp now owns 5,287,030 shares of the real estate investment trust’s stock valued at $100,189,000 after buying an additional 736,699 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Starwood Property Trust during the fourth quarter valued at $48,841,000. Adage Capital Partners GP L.L.C. boosted its position in shares of Starwood Property Trust by 17.8% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,648,904 shares of the real estate investment trust’s stock valued at $31,247,000 after buying an additional 248,904 shares during the last quarter. Leeward Investments LLC MA boosted its position in shares of Starwood Property Trust by 1.2% during the first quarter. Leeward Investments LLC MA now owns 1,324,081 shares of the real estate investment trust’s stock valued at $26,177,000 after buying an additional 15,874 shares during the last quarter. Finally, Valley Wealth Managers Inc. boosted its position in shares of Starwood Property Trust by 6.6% during the first quarter. Valley Wealth Managers Inc. now owns 1,052,023 shares of the real estate investment trust’s stock valued at $20,798,000 after buying an additional 65,370 shares during the last quarter. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Trading Down 0.7%

NYSE:STWD opened at $19.73 on Tuesday. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 18.10 and a beta of 1.26. Starwood Property Trust, Inc. has a one year low of $16.59 and a one year high of $21.17. The business has a fifty day moving average price of $20.14 and a 200-day moving average price of $19.69. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.61 and a quick ratio of 1.61.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. The firm had revenue of $444.28 million for the quarter, compared to the consensus estimate of $477.00 million. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The company’s revenue was down 9.3% on a year-over-year basis. During the same period last year, the firm earned $0.48 EPS. Sell-side analysts forecast that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Starwood Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date is Tuesday, September 30th. Starwood Property Trust’s payout ratio is currently 176.15%.

Analysts Set New Price Targets

STWD has been the topic of several recent analyst reports. Keefe, Bruyette & Woods increased their price objective on Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. lifted 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 lifted their price objective 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, Wall Street Zen raised Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Saturday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.70.

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.