Adell Harriman & Carpenter Inc. Sells 16,765 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Adell Harriman & Carpenter Inc. decreased its position in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 5.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 279,709 shares of the real estate investment trust's stock after selling 16,765 shares during the quarter. Adell Harriman & Carpenter Inc. owned 0.08% of Starwood Property Trust worth $5,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in Starwood Property Trust in the 4th quarter worth approximately $63,044,000. Proficio Capital Partners LLC purchased a new position in Starwood Property Trust in the 4th quarter worth approximately $377,000. Sei Investments Co. increased its stake in Starwood Property Trust by 154.7% in the 4th quarter. Sei Investments Co. now owns 183,851 shares of the real estate investment trust's stock worth $3,484,000 after purchasing an additional 111,654 shares during the period. Prevail Innovative Wealth Advisors LLC increased its stake in Starwood Property Trust by 24.7% in the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 244,381 shares of the real estate investment trust's stock worth $4,631,000 after purchasing an additional 48,355 shares during the period. Finally, Swiss National Bank increased its stake in Starwood Property Trust by 6.7% in the 4th quarter. Swiss National Bank now owns 624,665 shares of the real estate investment trust's stock worth $11,837,000 after purchasing an additional 39,200 shares during the period. Institutional investors own 49.82% of the company's stock.

Starwood Property Trust Stock Up 0.0%

STWD stock opened at $20.76 on Friday. Starwood Property Trust, Inc. has a twelve month low of $16.59 and a twelve month high of $21.17. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.73. The stock has a market cap of $7.05 billion, a P/E ratio of 21.85 and a beta of 1.24. The business's 50-day moving average price is $19.88 and its 200-day moving average price is $19.52.

Starwood Property Trust (NYSE:STWD - Get Free Report) last issued its earnings results on Friday, May 9th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). The firm had revenue of $418.18 million during the quarter, compared to the consensus estimate of $469.00 million. Starwood Property Trust had a return on equity of 8.87% and a net margin of 17.26%. During the same period in the prior year, the company posted $0.59 EPS. On average, equities research analysts forecast that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Starwood Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 30th will be issued a dividend of $0.48 per share. The ex-dividend date is Monday, June 30th. This represents a $1.92 annualized dividend and a yield of 9.25%. Starwood Property Trust's payout ratio is presently 202.11%.

Wall Street Analysts Forecast Growth

STWD has been the topic of a number of analyst reports. UBS Group reaffirmed a "neutral" rating and issued a $19.50 price target (up from $19.00) on shares of Starwood Property Trust in a research note on Wednesday, May 21st. Keefe, Bruyette & Woods decreased their price target on Starwood Property Trust from $22.00 to $21.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. lifted their price target on Starwood Property Trust from $19.00 to $19.50 and gave the stock an "overweight" rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $21.83.

About Starwood Property Trust

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.

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