West Family Investments Inc. cut its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 0.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 153,301 shares of the real estate investment trust’s stock after selling 500 shares during the period. Starwood Property Trust makes up approximately 1.4% of West Family Investments Inc.’s portfolio, making the stock its 17th biggest position. West Family Investments Inc. owned approximately 0.05% of Starwood Property Trust worth $3,793,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Fieldpoint Private Securities LLC increased its stake in shares of Starwood Property Trust by 43.4% in the 1st quarter. Fieldpoint Private Securities LLC now owns 2,050 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 620 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Starwood Property Trust by 361.3% during the fourth quarter. Meeder Asset Management Inc. now owns 2,371 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,857 shares during the period. Marshall Wace North America L.P. bought a new position in shares of Starwood Property Trust during the 1st quarter worth about $60,000. Abundance Wealth Counselors acquired a new stake in shares of Starwood Property Trust in the 1st quarter valued at about $74,000. Finally, Harbor Investment Advisory LLC acquired a new stake in shares of Starwood Property Trust in the 1st quarter valued at about $75,000. 46.14% of the stock is currently owned by institutional investors.
A number of equities research analysts have commented on STWD shares. JPMorgan Chase & Co. raised their price objective on Starwood Property Trust from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, May 10th. Raymond James lifted their price target on shares of Starwood Property Trust from $26.00 to $27.50 and gave the company an “outperform” rating in a research report on Friday, May 7th. Credit Suisse Group upped their price objective on shares of Starwood Property Trust from $21.50 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, March 17th. BTIG Research lifted their price objective on shares of Starwood Property Trust from $25.00 to $29.00 and gave the company a “buy” rating in a report on Thursday. Finally, Zacks Investment Research lowered shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a report on Thursday, May 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $26.08.
Starwood Property Trust (NYSE:STWD) last announced its earnings results on Thursday, May 6th. The real estate investment trust reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Starwood Property Trust had a net margin of 45.90% and a return on equity of 11.02%. The company had revenue of $287.23 million during the quarter, compared to the consensus estimate of $285.10 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. On average, analysts forecast that Starwood Property Trust, Inc. will post 1.93 earnings per share for the current fiscal year.
The company also recently announced a dividend, which will be paid on Wednesday, June 16th. Shareholders of record on Tuesday, June 15th will be given a dividend of $1.92 per share. The ex-dividend date is Monday, June 14th. This represents a dividend yield of 7.56%. Starwood Property Trust’s dividend payout ratio is currently 102.67%.
About Starwood Property Trust
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through four segments: Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial and residential first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, and other real estate and real estate-related debt investments.
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