DLD Asset Management LP Decreases Stock Holdings in Starwood Property Trust, Inc. $STWD

DLD Asset Management LP trimmed its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 60.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,500,000 shares of the real estate investment trust’s stock after selling 41,500,000 shares during the period. Starwood Property Trust comprises 2.9% of DLD Asset Management LP’s portfolio, making the stock its 11th largest position. DLD Asset Management LP owned 7.49% of Starwood Property Trust worth $532,675,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. GAMMA Investing LLC grew its position in shares of Starwood Property Trust by 14.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,235 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 547 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of Starwood Property Trust by 3.5% during the 3rd quarter. Park Avenue Securities LLC now owns 16,776 shares of the real estate investment trust’s stock worth $325,000 after acquiring an additional 562 shares during the period. ProShare Advisors LLC grew its stake in Starwood Property Trust by 4.8% in the second quarter. ProShare Advisors LLC now owns 14,300 shares of the real estate investment trust’s stock worth $287,000 after purchasing an additional 654 shares during the period. Corrado Advisors LLC increased its stake in shares of Starwood Property Trust by 0.6% in the 3rd quarter. Corrado Advisors LLC now owns 103,079 shares of the real estate investment trust’s stock worth $1,997,000 after acquiring an additional 665 shares in the last quarter. Finally, Daymark Wealth Partners LLC increased its stake in shares of Starwood Property Trust by 1.1% during the third quarter. Daymark Wealth Partners LLC now owns 59,527 shares of the real estate investment trust’s stock valued at $1,153,000 after purchasing an additional 669 shares in the last quarter. 49.82% of the stock is owned by institutional investors.

Starwood Property Trust Price Performance

Shares of NYSE STWD opened at $17.96 on Monday. The business has a 50-day simple moving average of $18.14 and a two-hundred day simple moving average of $18.68. The company has a market cap of $6.66 billion, a PE ratio of 15.48 and a beta of 1.10. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.68 and a current ratio of 1.68. Starwood Property Trust, Inc. has a fifty-two week low of $16.59 and a fifty-two week high of $21.05.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Starwood Property Trust had a net margin of 22.32% and a return on equity of 8.16%. The company had revenue of $492.95 million during the quarter, compared to analyst estimates of $469.53 million. During the same period last year, the firm posted $0.48 EPS. Starwood Property Trust’s revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, equities analysts expect that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust declared that its Board of Directors has approved a share buyback program on Thursday, February 26th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 6.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Starwood Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date was Wednesday, December 31st. Starwood Property Trust’s dividend payout ratio is 165.52%.

Wall Street Analyst Weigh In

STWD has been the topic of a number of analyst reports. Zacks Research upgraded shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Keefe, Bruyette & Woods cut their price target on Starwood Property Trust from $20.50 to $20.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Starwood Property Trust in a report on Wednesday, January 21st. Wells Fargo & Company dropped their price target on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Finally, Bank of America reiterated a “neutral” rating and set a $19.00 price objective on shares of Starwood Property Trust in a research report on Friday. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Starwood Property Trust currently has an average rating of “Hold” and a consensus price target of $19.90.

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.