International Assets Investment Management LLC cut its holdings in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 94.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 28,485 shares of the real estate investment trust's stock after selling 448,101 shares during the quarter. International Assets Investment Management LLC's holdings in Starwood Property Trust were worth $543,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. National Bank of Canada FI raised its stake in shares of Starwood Property Trust by 1,138.8% in the 2nd quarter. National Bank of Canada FI now owns 65,595 shares of the real estate investment trust's stock valued at $1,230,000 after purchasing an additional 60,300 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Starwood Property Trust in the 2nd quarter valued at approximately $74,000. Choreo LLC acquired a new position in Starwood Property Trust during the 2nd quarter worth approximately $328,000. Headlands Technologies LLC bought a new position in shares of Starwood Property Trust during the 2nd quarter worth approximately $112,000. Finally, Valley Wealth Managers Inc. lifted its position in shares of Starwood Property Trust by 3.9% in the second quarter. Valley Wealth Managers Inc. now owns 787,461 shares of the real estate investment trust's stock worth $14,915,000 after purchasing an additional 29,770 shares in the last quarter. 49.82% of the stock is owned by institutional investors.
Starwood Property Trust Stock Performance
Shares of STWD stock traded down $0.39 during trading on Friday, reaching $18.42. 3,177,458 shares of the company's stock were exchanged, compared to its average volume of 2,306,011. Starwood Property Trust, Inc. has a twelve month low of $18.36 and a twelve month high of $21.22. The firm's fifty day moving average price is $19.62 and its 200-day moving average price is $19.82. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. The stock has a market capitalization of $6.21 billion, a PE ratio of 15.74 and a beta of 1.69.
Starwood Property Trust (NYSE:STWD - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. The firm had revenue of $479.50 million for the quarter, compared to the consensus estimate of $488.63 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The company's quarterly revenue was down 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 earnings per share. As a group, sell-side analysts anticipate that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.
Starwood Property Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.92 annualized dividend and a yield of 10.42%. Starwood Property Trust's dividend payout ratio (DPR) is presently 164.10%.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on STWD shares. UBS Group raised their target price on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research report on Friday, November 15th. JMP Securities lowered their target price on Starwood Property Trust from $24.00 to $23.00 and set a "market outperform" rating on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. decreased their price target on Starwood Property Trust from $20.50 to $20.00 and set an "overweight" rating for the company in a research note on Thursday, November 7th. Finally, Wells Fargo & Company upped their price objective on Starwood Property Trust from $22.00 to $24.00 and gave the stock an "outperform" rating in a research note on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Starwood Property Trust currently has an average rating of "Moderate Buy" and a consensus target price of $22.25.
Get Our Latest Stock Report on STWD
Starwood Property Trust Profile
(
Free Report)
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.
Read More
Before you consider Starwood Property Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Starwood Property Trust wasn't on the list.
While Starwood Property Trust currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.