Bank of America Corp DE Sells 796,659 Shares of Starwood Property Trust, Inc. $STWD

Bank of America Corp DE cut its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 41.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,118,559 shares of the real estate investment trust's stock after selling 796,659 shares during the period. Bank of America Corp DE owned about 0.30% of Starwood Property Trust worth $19,262,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Kestra Advisory Services LLC increased its stake in shares of Starwood Property Trust by 63.3% in the first quarter. Kestra Advisory Services LLC now owns 331,004 shares of the real estate investment trust's stock valued at $5,700,000 after buying an additional 128,300 shares during the period. Cetera Investment Advisers boosted its position in Starwood Property Trust by 26.7% during the 1st quarter. Cetera Investment Advisers now owns 764,957 shares of the real estate investment trust's stock worth $13,173,000 after buying an additional 161,049 shares during the period. Geode Capital Management LLC boosted its position in Starwood Property Trust by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 6,406,419 shares of the real estate investment trust's stock worth $115,453,000 after buying an additional 148,740 shares during the period. Norges Bank bought a new stake in Starwood Property Trust during the 4th quarter worth approximately $75,177,000. Finally, California State Teachers Retirement System grew its holdings in Starwood Property Trust by 27.2% during the 1st quarter. California State Teachers Retirement System now owns 422,460 shares of the real estate investment trust's stock worth $7,275,000 after acquiring an additional 90,377 shares during the last quarter. Institutional investors and hedge funds own 49.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on STWD shares. UBS Group assumed coverage on shares of Starwood Property Trust in a research note on Tuesday, June 2nd. They set a "buy" rating and a $20.00 price target for the company. Keefe, Bruyette & Woods decreased their price objective on Starwood Property Trust from $19.00 to $18.50 and set an "outperform" rating for the company in a report on Friday, August 7th. Wells Fargo & Company set a $20.00 target price on Starwood Property Trust in a research report on Monday. JPMorgan Chase & Co. cut their target price on Starwood Property Trust from $19.00 to $18.50 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Wall Street Zen lowered Starwood Property Trust from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $19.20.

Starwood Property Trust Stock Performance

Shares of STWD opened at $16.53 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 3.47. The stock has a market capitalization of $6.12 billion, a P/E ratio of 28.02, a price-to-earnings-growth ratio of 1.98 and a beta of 0.98. The firm's fifty day simple moving average is $16.55 and its two-hundred day simple moving average is $17.28. Starwood Property Trust, Inc. has a 12 month low of $15.51 and a 12 month high of $20.84.

Starwood Property Trust (NYSE:STWD - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $201.42 million during the quarter, compared to analyst estimates of $521.67 million. Starwood Property Trust had a return on equity of 7.85% and a net margin of 11.35%.The business's quarterly revenue was up 15.6% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. As a group, analysts predict that Starwood Property Trust, Inc. will post 1.51 EPS for the current year.

Starwood Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 11.6%. The ex-dividend date was Tuesday, June 30th. Starwood Property Trust's payout ratio is presently 325.42%.

About Starwood Property Trust

Starwood Property Trust NYSE: STWD is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company's portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.

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