California Public Employees Retirement System Reduces Position in Starwood Property Trust, Inc. $STWD

California Public Employees Retirement System lessened its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 7.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 622,391 shares of the real estate investment trust’s stock after selling 46,951 shares during the quarter. California Public Employees Retirement System owned about 0.17% of Starwood Property Trust worth $10,718,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Quantum Portfolio Management LLC lifted its stake in shares of Starwood Property Trust by 882,760.9% during the 1st quarter. Quantum Portfolio Management LLC now owns 112,176,302 shares of the real estate investment trust’s stock valued at $1,931,676,000 after buying an additional 112,163,596 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Starwood Property Trust by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 6,406,419 shares of the real estate investment trust’s stock worth $115,453,000 after buying an additional 148,740 shares during the period. Northern Trust Corp grew its stake in Starwood Property Trust by 1.2% in the 3rd quarter. Northern Trust Corp now owns 5,387,358 shares of the real estate investment trust’s stock valued at $104,353,000 after buying an additional 64,178 shares in the last quarter. Norges Bank purchased a new position in Starwood Property Trust in the 4th quarter valued at approximately $75,177,000. Finally, Advisors Capital Management LLC grew its stake in Starwood Property Trust by 157.3% in the 4th quarter. Advisors Capital Management LLC now owns 3,702,935 shares of the real estate investment trust’s stock valued at $66,690,000 after buying an additional 2,263,856 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 STWD shares. Wall Street Zen raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. UBS Group assumed coverage on Starwood Property Trust in a report on Tuesday, June 2nd. They issued a “buy” rating and a $20.00 price target for the company. JPMorgan Chase & Co. reduced their price target on Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Keefe, Bruyette & Woods decreased their price objective on Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Finally, Zacks Research raised Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Starwood Property Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.70.

Starwood Property Trust Price Performance

Shares of NYSE:STWD opened at $16.53 on Friday. The company has a 50 day moving average of $16.82 and a 200 day moving average of $17.53. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.31. The stock has a market cap of $6.13 billion, a P/E ratio of 17.21, a P/E/G ratio of 2.23 and a beta of 0.98. Starwood Property Trust, Inc. has a 12 month low of $16.27 and a 12 month high of $20.84.

Starwood Property Trust (NYSE:STWD) last posted its earnings results on Friday, May 8th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). Starwood Property Trust had a return on equity of 7.91% and a net margin of 18.11%.The firm had revenue of $205.55 million during the quarter, compared to analysts’ expectations of $496.25 million. During the same quarter in the prior year, the company earned $0.45 earnings per share. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Starwood Property Trust, Inc. will post 1.51 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.92 annualized dividend and a dividend yield of 11.6%. Starwood Property Trust’s dividend payout ratio is presently 200.00%.

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.