Starwood Property Trust, Inc. $STWD Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,256 shares of the real estate investment trust’s stock after selling 1,260 shares during the quarter. State of Alaska Department of Revenue’s holdings in Starwood Property Trust were worth $727,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STWD. Alpine Bank Wealth Management acquired a new position in Starwood Property Trust during the first quarter worth about $25,000. Meeder Asset Management Inc. purchased a new position in Starwood Property Trust during the first quarter worth about $25,000. PSI Advisors LLC purchased a new position in Starwood Property Trust during the first quarter worth about $28,000. SVB Wealth LLC purchased a new position in Starwood Property Trust during the first quarter worth about $30,000. Finally, Smallwood Wealth Investment Management LLC purchased a new position in Starwood Property Trust during the first quarter worth about $40,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Price Performance

Starwood Property Trust stock opened at $18.92 on Wednesday. The company’s 50 day simple moving average is $19.97 and its 200-day simple moving average is $19.76. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 17.36 and a beta of 1.29. Starwood Property Trust, Inc. has a 1 year low of $16.59 and a 1 year high of $21.05. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.61 and a current ratio of 1.61.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The business 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 business’s revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS. As a group, equities research analysts expect that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.

Starwood Property Trust Announces Dividend

The firm 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 is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.1%. Starwood Property Trust’s payout ratio is 176.15%.

Wall Street Analyst Weigh In

STWD has been the topic of a number of analyst reports. Wall Street Zen raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Zacks Research downgraded shares of Starwood Property Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. UBS Group lifted their target price 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Starwood Property Trust in a research note on Saturday, September 27th. Finally, Keefe, Bruyette & Woods lifted their target price 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. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.13.

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.