Starwood Property Trust, Inc. $STWD Stock Sold by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 9.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,125,541 shares of the real estate investment trust’s stock after selling 113,047 shares during the period. Leeward Investments LLC MA’s holdings in Starwood Property Trust were worth $15,195,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in STWD. Quantum Portfolio Management LLC boosted its stake in shares of Starwood Property Trust by 882,760.9% in the first quarter. Quantum Portfolio Management LLC now owns 112,176,302 shares of the real estate investment trust’s stock worth $1,931,676,000 after acquiring an additional 112,163,596 shares during the period. BlackRock Inc. bought a new stake in Starwood Property Trust during the 2nd quarter valued at approximately $589,366,000. Advisors Capital Management LLC bought a new stake in Starwood Property Trust during the 2nd quarter valued at approximately $70,121,000. Bank of New York Mellon Corp bought a new stake in Starwood Property Trust during the 2nd quarter valued at approximately $38,498,000. Finally, Bank of America Corp DE purchased a new position in Starwood Property Trust in the 2nd quarter worth approximately $19,537,000. Institutional investors own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods dropped their price target on Starwood Property Trust from $18.50 to $16.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. Wall Street Zen lowered shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Zacks Research upgraded shares of Starwood Property Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 20th. JPMorgan Chase & Co. lowered their target price on shares of Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating on the stock in a report on Tuesday, August 18th. Finally, Wells Fargo & Company set a $20.00 target price on shares of Starwood Property Trust in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.70.

Starwood Property Trust Stock Up 0.2%

STWD opened at $12.60 on Monday. The firm has a 50-day simple moving average of $14.52 and a two-hundred day simple moving average of $16.16. Starwood Property Trust, Inc. has a 52 week low of $11.84 and a 52 week high of $18.80. The company has a market capitalization of $4.67 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 1.75 and a beta of 1.01. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 3.47.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. Starwood Property Trust had a return on equity of 7.85% and a net margin of 11.35%. The firm had revenue of $201.42 million during the quarter, compared to analyst estimates of $521.67 million. During the same quarter last year, the business posted $0.43 earnings per share. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. Analysts forecast that Starwood Property Trust, Inc. will post 1.33 earnings per share for the current fiscal year.

Starwood Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 15.2%. Starwood Property Trust’s dividend payout ratio is presently 325.42%.

About Starwood Property Trust

Starwood Property Trust, Inc is a real estate investment trust that focuses on commercial real estate finance and related investments. The company originates, acquires, and manages a range of real estate debt and equity investments, serving institutional borrowers, property owners, and developers.

Its portfolio and lending activities include senior mortgage loans, mezzanine debt, subordinated loans, preferred equity, commercial mortgage-backed securities, and other structured real estate investments.