Starwood Property Trust, Inc. $STWD Shares Sold by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. reduced its holdings in Starwood Property Trust by 34.8%, owning approximately 1,075,000 shares valued at $21.25 million after selling over 573,000 shares in the first quarter.
• Starwood Property Trust reported $0.43 earnings per share for the latest quarter, exceeding estimates, but experienced a 9.3% decline in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.48 per share, with a dividend yield of 9.4%, despite a high payout ratio of 176.15%.

Adage Capital Partners GP L.L.C. decreased its holdings in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 34.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,075,000 shares of the real estate investment trust's stock after selling 573,904 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.32% of Starwood Property Trust worth $21,253,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of STWD. Focus Partners Wealth grew its position in shares of Starwood Property Trust by 305.4% during the fourth quarter. Focus Partners Wealth now owns 670,093 shares of the real estate investment trust's stock worth $12,699,000 after buying an additional 504,812 shares in the last quarter. Boston Partners bought a new stake in shares of Starwood Property Trust during the first quarter valued at about $9,643,000. HighTower Advisors LLC raised its stake in shares of Starwood Property Trust by 10.7% during the first quarter. HighTower Advisors LLC now owns 1,993,652 shares of the real estate investment trust's stock valued at $39,414,000 after purchasing an additional 193,417 shares in the last quarter. Northern Trust Corp raised its stake in shares of Starwood Property Trust by 3.6% during the first quarter. Northern Trust Corp now owns 5,479,313 shares of the real estate investment trust's stock valued at $108,326,000 after purchasing an additional 192,283 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Starwood Property Trust by 16.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,039,229 shares of the real estate investment trust's stock worth $19,693,000 after acquiring an additional 147,495 shares in the last quarter. Institutional investors and hedge funds own 49.82% of the company's stock.

Starwood Property Trust Stock Down 0.1%

Shares of NYSE STWD traded down $0.02 during midday trading on Wednesday, reaching $20.60. 507,986 shares of the company's stock traded hands, compared to its average volume of 2,854,565. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 18.90 and a beta of 1.28. Starwood Property Trust, Inc. has a one year low of $16.59 and a one year high of $21.17. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 2.90. The stock's 50 day simple moving average is $20.14 and its 200-day simple moving average is $19.77.

Starwood Property Trust (NYSE:STWD - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.02. The firm had revenue of $444.28 million for the quarter, compared to analyst estimates of $477.00 million. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The business's quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 earnings per share. On average, analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 9.3%. Starwood Property Trust's dividend payout ratio (DPR) is currently 176.15%.

Wall Street Analyst Weigh In

Several research firms have issued reports on STWD. Wall Street Zen upgraded Starwood Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Keefe, Bruyette & Woods boosted their price target on Starwood Property Trust from $21.00 to $22.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Finally, UBS Group boosted their target price on Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Starwood Property Trust currently has an average rating of "Moderate Buy" and a consensus target price of $21.70.

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.