Fifth Third Bancorp Sells 886 Shares of Starwood Property Trust, Inc. $STWD

Fifth Third Bancorp cut its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 28.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,247 shares of the real estate investment trust’s stock after selling 886 shares during the quarter. Fifth Third Bancorp’s holdings in Starwood Property Trust were worth $45,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Meeder Asset Management Inc. bought a new stake in shares of Starwood Property Trust in the 1st quarter valued at $25,000. Alpine Bank Wealth Management acquired a new stake in Starwood Property Trust in the first quarter worth $25,000. PSI Advisors LLC bought a new stake in Starwood Property Trust in the first quarter valued at $28,000. SVB Wealth LLC acquired a new position in shares of Starwood Property Trust during the first quarter valued at about $30,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in shares of Starwood Property Trust during the 1st quarter worth about $40,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on STWD shares. Zacks Research lowered Starwood Property Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Wall Street Zen upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Keefe, Bruyette & Woods upped their target price on Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Finally, UBS Group lifted their price target on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Starwood Property Trust currently has an average rating of “Moderate Buy” and a consensus target price of $21.13.

Starwood Property Trust Price Performance

Shares of NYSE:STWD opened at $19.44 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 2.90. The stock has a market cap of $7.14 billion, a PE ratio of 17.83 and a beta of 1.29. The stock’s fifty day simple moving average is $20.02 and its two-hundred day simple moving average is $19.78. Starwood Property Trust, Inc. has a 1-year low of $16.59 and a 1-year high of $21.05.

Starwood Property Trust (NYSE:STWD) last announced its earnings results 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. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The company had revenue of $444.28 million during the quarter, compared to the consensus estimate of $477.00 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, analysts forecast that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.92 annualized dividend and a dividend yield of 9.9%. Starwood Property Trust’s dividend payout ratio (DPR) is currently 176.15%.

Starwood Property Trust 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.