KMG Fiduciary Partners LLC Cuts Stock Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

KMG Fiduciary Partners LLC lessened its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 59.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 116,595 shares of the real estate investment trust's stock after selling 169,655 shares during the quarter. KMG Fiduciary Partners LLC's holdings in Starwood Property Trust were worth $2,376,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new position in shares of Starwood Property Trust during the 1st quarter valued at about $26,000. Altshuler Shaham Ltd acquired a new position in shares of Starwood Property Trust during the 2nd quarter valued at about $28,000. Future Financial Wealth Managment LLC acquired a new position in Starwood Property Trust in the third quarter valued at about $34,000. Salem Investment Counselors Inc. boosted its stake in Starwood Property Trust by 80.0% during the first quarter. Salem Investment Counselors Inc. now owns 1,800 shares of the real estate investment trust's stock worth $37,000 after buying an additional 800 shares during the period. Finally, Quarry LP purchased a new position in Starwood Property Trust during the second quarter worth about $36,000. Institutional investors and hedge funds own 49.82% of the company's stock.

Starwood Property Trust Stock Performance

STWD traded up $0.04 on Friday, reaching $20.32. The company had a trading volume of 1,278,961 shares, compared to its average volume of 2,323,673. Starwood Property Trust, Inc. has a 1 year low of $17.07 and a 1 year high of $22.29. The stock has a market capitalization of $6.44 billion, a PE ratio of 18.65 and a beta of 1.70. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 2.80. The stock has a 50-day moving average price of $20.18 and a 200-day moving average price of $19.74.

Starwood Property Trust (NYSE:STWD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.04. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. The firm had revenue of $489.80 million during the quarter, compared to analysts' expectations of $505.23 million. During the same period in the previous year, the company earned $0.47 earnings per share. Starwood Property Trust's quarterly revenue was down 5.0% compared to the same quarter last year. As a group, research analysts forecast that Starwood Property Trust, Inc. will post 1.89 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.48 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.45%. Starwood Property Trust's payout ratio is 176.15%.

Analysts Set New Price Targets

Several research firms recently weighed in on STWD. Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $20.50 to $22.50 in a report on Thursday, September 5th. Wells Fargo & Company lifted their target price on shares of Starwood Property Trust from $22.00 to $24.00 and gave the company an "outperform" rating in a report on Friday, September 20th. BTIG Research reiterated a "buy" rating and issued a $24.00 target price on shares of Starwood Property Trust in a report on Friday, July 19th. JPMorgan Chase & Co. boosted their price target on shares of Starwood Property Trust from $20.00 to $20.50 and gave the stock an "overweight" rating in a research note on Tuesday, July 16th. Finally, Wolfe Research started coverage on shares of Starwood Property Trust in a research note on Tuesday, June 25th. They issued a "peer perform" rating for the company. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $22.36.

Starwood Property Trust Company 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.