Fifth Third Wealth Advisors LLC Sells 705 Shares of Starwood Property Trust, Inc. $STWD

Fifth Third Wealth Advisors LLC trimmed its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 4.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,739 shares of the real estate investment trust’s stock after selling 705 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Starwood Property Trust were worth $276,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC bought a new position in Starwood Property Trust in the 2nd quarter worth about $765,811,000. Northern Trust Corp increased its stake in Starwood Property Trust by 3.6% in the 1st quarter. Northern Trust Corp now owns 5,479,313 shares of the real estate investment trust’s stock worth $108,326,000 after acquiring an additional 192,283 shares during the last quarter. Raymond James Financial Inc. increased its stake in Starwood Property Trust by 5.5% in the 1st quarter. Raymond James Financial Inc. now owns 2,719,027 shares of the real estate investment trust’s stock worth $53,755,000 after acquiring an additional 141,689 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Starwood Property Trust by 1.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,194,942 shares of the real estate investment trust’s stock worth $43,394,000 after acquiring an additional 41,845 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in Starwood Property Trust by 10.7% in the 1st quarter. HighTower Advisors LLC now owns 1,993,652 shares of the real estate investment trust’s stock worth $39,414,000 after acquiring an additional 193,417 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

STWD has been the topic of a number of research analyst reports. UBS Group upped their target price on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. Wall Street Zen upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Zacks Research cut Starwood Property Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Starwood Property Trust in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods upped their price objective on Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Starwood Property Trust has an average rating of “Moderate Buy” and an average target price of $21.13.

Starwood Property Trust Trading Up 1.8%

Shares of STWD stock opened at $18.73 on Tuesday. The stock has a market capitalization of $6.87 billion, a PE ratio of 17.18 and a beta of 1.29. Starwood Property Trust, Inc. has a 1-year low of $16.59 and a 1-year high of $21.05. The business has a 50-day moving average of $19.90 and a 200 day moving average of $19.71. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.61 and a quick ratio of 1.61.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $444.28 million during the quarter, compared to analysts’ expectations of $477.00 million. Starwood Property Trust had a return on equity of 8.72% and a net margin of 20.58%.Starwood Property Trust’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 EPS. As a group, sell-side analysts anticipate that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.

Starwood Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.48 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.92 annualized dividend and a yield of 10.3%. Starwood Property Trust’s dividend payout ratio is currently 176.15%.

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.