GAMMA Investing LLC Sells 2,238 Shares of Starwood Property Trust, Inc. $STWD

GAMMA Investing LLC reduced its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 37.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,688 shares of the real estate investment trust’s stock after selling 2,238 shares during the quarter. GAMMA Investing LLC’s holdings in Starwood Property Trust were worth $74,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Park Avenue Securities LLC lifted its position in Starwood Property Trust by 49.3% during the 2nd quarter. Park Avenue Securities LLC now owns 16,214 shares of the real estate investment trust’s stock worth $325,000 after buying an additional 5,356 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Starwood Property Trust by 24.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 45,989 shares of the real estate investment trust’s stock worth $923,000 after buying an additional 9,098 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Starwood Property Trust during the 2nd quarter worth about $765,811,000. Longboard Asset Management LP bought a new stake in Starwood Property Trust during the 2nd quarter worth about $348,000. Finally, Seneca House Advisors lifted its position in Starwood Property Trust by 11.9% during the 2nd quarter. Seneca House Advisors now owns 534,176 shares of the real estate investment trust’s stock worth $10,721,000 after buying an additional 56,715 shares in the last quarter. 49.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on STWD. Keefe, Bruyette & Woods boosted their price objective on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. UBS Group boosted their price objective on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. Wall Street Zen upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Zacks Research lowered shares of Starwood Property Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Starwood Property Trust currently has an average rating of “Moderate Buy” and a consensus target price of $21.13.

Starwood Property Trust Stock Performance

Starwood Property Trust stock opened at $19.44 on Friday. Starwood Property Trust, Inc. has a 12-month low of $16.59 and a 12-month high of $21.05. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 2.90. The business’s 50-day moving average price is $20.02 and its two-hundred day moving average price is $19.78. The stock has a market cap of $7.14 billion, a PE ratio of 17.83 and a beta of 1.29.

Starwood Property Trust (NYSE:STWD) last issued 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. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The business 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 firm earned $0.48 EPS. The firm’s revenue was down 9.3% compared to the same quarter last year. As a group, analysts expect that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust Announces Dividend

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 9.9%. The ex-dividend date is Tuesday, September 30th. Starwood Property Trust’s dividend payout ratio (DPR) is presently 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.