Starwood Property Trust, Inc. (NYSE:STWD) Position Trimmed by Vanguard Group Inc.

Vanguard Group Inc. decreased its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 0.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,810,596 shares of the real estate investment trust’s stock after selling 132,664 shares during the period. Vanguard Group Inc. owned about 9.12% of Starwood Property Trust worth $609,125,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in STWD. Northern Trust Corp increased its stake in 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 purchasing an additional 736,699 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of Starwood Property Trust by 305.4% during the fourth quarter. Focus Partners Wealth now owns 670,093 shares of the real estate investment trust’s stock valued at $12,699,000 after acquiring an additional 504,812 shares during the period. Waterfront Capital Partners LLC boosted its holdings in shares of Starwood Property Trust by 138.4% during the fourth quarter. Waterfront Capital Partners LLC now owns 633,016 shares of the real estate investment trust’s stock valued at $11,996,000 after acquiring an additional 367,487 shares during the period. Adage Capital Partners GP L.L.C. boosted its holdings 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 acquiring an additional 248,904 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Starwood Property Trust by 16.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,039,229 shares of the real estate investment trust’s stock valued at $19,693,000 after acquiring an additional 147,495 shares during the period. Institutional investors own 49.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on STWD. Keefe, Bruyette & Woods boosted their price target on shares of Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. JPMorgan Chase & Co. boosted their price target on shares of Starwood Property Trust from $19.00 to $19.50 and gave the company an “overweight” rating in a report on Monday, May 12th. Wall Street Zen raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, UBS Group boosted their price target on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Starwood Property Trust has an average rating of “Moderate Buy” and a consensus price target of $21.70.

Starwood Property Trust Stock Performance

STWD stock opened at $20.10 on Thursday. The company has a market capitalization of $7.38 billion, a P/E ratio of 18.44 and a beta of 1.26. The company has a 50-day simple moving average of $20.14 and a 200 day simple moving average of $19.70. Starwood Property Trust, Inc. has a fifty-two week low of $16.59 and a fifty-two week high of $21.17. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 2.90.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.02. The business had revenue of $444.28 million during 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 quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 earnings per share. Sell-side analysts predict that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.92 annualized dividend and a yield of 9.6%. Starwood Property Trust’s dividend payout ratio is presently 176.15%.

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.