Corient Private Wealth LP Has $2.84 Million Holdings in Starwood Property Trust, Inc. $STWD

Key Points

• Corient Private Wealth LP reduced its Starwood Property Trust stake by 41% in the second quarter, selling 120,846 shares and retaining 173,545 shares valued at approximately $2.84 million. Institutional investors collectively own 49.82% of STWD.
• Starwood Property Trust reported quarterly EPS of $0.40, in line with analyst expectations, while revenue increased 15.6% year over year to $201.42 million.
• The company declared a quarterly dividend of $0.48 per share, equating to an annualized $1.92 payout and a 12.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $19.20, compared with the stock’s reported $15.05 price.

Corient Private Wealth LP decreased its holdings in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 41.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 173,545 shares of the real estate investment trust's stock after selling 120,846 shares during the quarter. Corient Private Wealth LP's holdings in Starwood Property Trust were worth $2,843,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Quantum Portfolio Management LLC lifted its holdings in shares of Starwood Property Trust by 882,760.9% in the first quarter. Quantum Portfolio Management LLC now owns 112,176,302 shares of the real estate investment trust's stock valued at $1,931,676,000 after purchasing an additional 112,163,596 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Starwood Property Trust during the second quarter valued at approximately $589,366,000. Geode Capital Management LLC grew its holdings in Starwood Property Trust by 2.4% during the fourth 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 in the last quarter. Advisors Capital Management LLC purchased a new stake in Starwood Property Trust in the 2nd quarter valued at $70,121,000. Finally, Norges Bank purchased a new stake in Starwood Property Trust in the 4th quarter valued at $75,177,000. Institutional investors and hedge funds own 49.82% of the company's stock.

Starwood Property Trust Stock Up 0.7%

Starwood Property Trust stock opened at $15.05 on Tuesday. The firm has a 50 day moving average price of $16.12 and a 200-day moving average price of $16.91. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 3.47. Starwood Property Trust, Inc. has a twelve month low of $14.89 and a twelve month high of $20.21. The company has a market capitalization of $5.57 billion, a P/E ratio of 25.51, a P/E/G ratio of 1.97 and a beta of 0.98.

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 EPS for the quarter, meeting the consensus estimate of $0.40. Starwood Property Trust had a return on equity of 7.85% and a net margin of 11.35%.The business had revenue of $201.42 million for the quarter, compared to the consensus estimate of $521.67 million. During the same quarter in the prior year, the business earned $0.43 earnings per share. Starwood Property Trust's revenue for the quarter was up 15.6% on a year-over-year basis. As a group, equities analysts predict that Starwood Property Trust, Inc. will post 1.4 EPS for the current year.

Starwood Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.92 annualized dividend and a yield of 12.8%. Starwood Property Trust's dividend payout ratio is 325.42%.

Wall Street Analyst Weigh In

STWD has been the subject of several analyst reports. UBS Group started coverage on shares of Starwood Property Trust in a report on Tuesday, June 2nd. They issued a "buy" rating and a $20.00 target price for the company. JPMorgan Chase & Co. reduced their price objective on shares of Starwood Property Trust from $19.00 to $18.50 and set an "overweight" rating for the company in a research report on Tuesday, August 18th. Zacks Research upgraded shares of Starwood Property Trust from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 25th. Weiss Ratings reissued a "hold (c-)" rating on shares of Starwood Property Trust in a research report on Friday, August 7th. Finally, Wall Street Zen downgraded Starwood Property Trust from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $19.20.

Starwood Property Trust Profile

Starwood Property Trust, Inc is a real estate investment trust focused primarily on commercial real estate finance. The company originates, acquires, finances and manages a range of commercial real estate debt investments, including first mortgage loans, mezzanine loans, subordinated debt and securities backed by commercial properties.

Its activities also include infrastructure lending, residential lending and the ownership or management of commercial real estate investments. Through these businesses, Starwood Property Trust provides financing to property owners, developers and investors across sectors such as office, multifamily, industrial, hospitality and other commercial real estate categories.

Founded in 2009, the company operates primarily in the United States and also pursues investment opportunities in international markets, including Europe.

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