QRG Capital Management Inc. Sells 116,960 Shares of Starwood Property Trust, Inc. $STWD

QRG Capital Management Inc. lowered its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 46.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 133,318 shares of the real estate investment trust’s stock after selling 116,960 shares during the quarter. QRG Capital Management Inc.’s holdings in Starwood Property Trust were worth $2,582,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC raised its position in Starwood Property Trust by 70.1% in the first quarter. AQR Capital Management LLC now owns 36,396 shares of the real estate investment trust’s stock worth $720,000 after acquiring an additional 15,001 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Starwood Property Trust by 23.9% in the first quarter. NewEdge Advisors LLC now owns 19,606 shares of the real estate investment trust’s stock worth $388,000 after acquiring an additional 3,784 shares during the period. Farther Finance Advisors LLC grew its position in shares of Starwood Property Trust by 24.7% during the second quarter. Farther Finance Advisors LLC now owns 45,989 shares of the real estate investment trust’s stock worth $923,000 after purchasing an additional 9,098 shares in the last quarter. Park Avenue Securities LLC raised its stake 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 valued at $325,000 after purchasing an additional 5,356 shares during the period. Finally, Golden State Equity Partners lifted its holdings in Starwood Property Trust by 15.3% in the 2nd quarter. Golden State Equity Partners now owns 39,427 shares of the real estate investment trust’s stock worth $791,000 after purchasing an additional 5,240 shares in the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Starwood Property Trust in a report on Wednesday, October 8th. Keefe, Bruyette & Woods decreased their target price on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 12th. Zacks Research upgraded shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Wells Fargo & Company dropped their target price on Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.63.

Starwood Property Trust Price Performance

NYSE STWD opened at $18.55 on Tuesday. Starwood Property Trust, Inc. has a 52-week low of $16.59 and a 52-week high of $21.05. The firm’s 50 day moving average price is $18.24 and its 200-day moving average price is $19.15. The company has a market cap of $6.87 billion, a PE ratio of 17.66 and a beta of 1.13. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.33 and a current ratio of 1.33.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Monday, November 10th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). Starwood Property Trust had a return on equity of 8.41% and a net margin of 20.28%.The firm had revenue of $247.87 million during the quarter, compared to analysts’ expectations of $479.70 million. During the same period in the previous year, the firm earned $0.48 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. Sell-side analysts forecast that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 10.4%. The ex-dividend date of this dividend was Wednesday, December 31st. Starwood Property Trust’s dividend payout ratio (DPR) is 182.86%.

Starwood Property Trust Profile

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.