Atria Wealth Solutions Inc. Has $1.02 Million Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Starwood Property Trust by 41.7%, selling 36,755 shares and holding 51,393 shares worth approximately $1,016,000 post-sale.
• Starwood Property Trust reported an earnings per share (EPS) of $0.43 for the last quarter, which was above expectations, but its revenue of $444.28 million was lower than the forecast.
• The company declared a quarterly dividend of $0.48, translating to an annualized yield of 9.7%, with a notable payout ratio of 176.15%.

Atria Wealth Solutions Inc. lessened its stake in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 41.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,393 shares of the real estate investment trust's stock after selling 36,755 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Starwood Property Trust were worth $1,016,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. New Age Alpha Advisors LLC boosted its holdings in shares of Starwood Property Trust by 127.4% in the first quarter. New Age Alpha Advisors LLC now owns 7,333 shares of the real estate investment trust's stock valued at $145,000 after buying an additional 4,108 shares during the period. Clearstead Trust LLC boosted its holdings in shares of Starwood Property Trust by 6.5% in the first quarter. Clearstead Trust LLC now owns 11,964 shares of the real estate investment trust's stock valued at $237,000 after buying an additional 735 shares during the period. Blair William & Co. IL boosted its holdings in shares of Starwood Property Trust by 5.8% in the first quarter. Blair William & Co. IL now owns 426,790 shares of the real estate investment trust's stock valued at $8,438,000 after buying an additional 23,579 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Starwood Property Trust by 21.7% in the first quarter. PNC Financial Services Group Inc. now owns 27,971 shares of the real estate investment trust's stock valued at $553,000 after buying an additional 4,992 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in shares of Starwood Property Trust by 11.2% in the first quarter. Natixis Advisors LLC now owns 207,841 shares of the real estate investment trust's stock valued at $4,109,000 after buying an additional 20,874 shares during the period. Institutional investors and hedge funds own 49.82% of the company's stock.

Analyst Upgrades and Downgrades

STWD has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their target price on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. UBS Group increased their target price on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Wall Street Zen upgraded shares of Starwood Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, JPMorgan Chase & Co. increased their target price on shares of Starwood Property Trust from $19.00 to $19.50 and gave the stock an "overweight" rating in a report on Monday, May 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $21.70.

Starwood Property Trust Stock Performance

NYSE STWD traded down $0.16 on Thursday, hitting $19.95. 3,321,095 shares of the stock were exchanged, compared to its average volume of 2,930,618. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.61 and a quick ratio of 1.61. The business's fifty day moving average is $20.14 and its 200 day moving average is $19.70. Starwood Property Trust, Inc. has a 52 week low of $16.59 and a 52 week high of $21.17. The company has a market capitalization of $7.32 billion, a PE ratio of 18.30 and a beta of 1.26.

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

Starwood Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.92 annualized dividend and a dividend yield of 9.6%. Starwood Property Trust's dividend payout ratio is presently 176.15%.

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.