Focus Partners Wealth Decreases Stock Position in Starwood Property Trust, Inc. $STWD

Key Points

• Focus Partners Wealth reduced its stake in Starwood Property Trust by 1.9%, now holding 657,213 shares valued at approximately $12.99 million after selling 12,880 shares.
• Starwood Property Trust reported $0.43 EPS for the latest quarter, surpassing analysts' expectations of $0.41, but experienced a 9.3% decrease in revenue year-over-year.
• The company's quarterly dividend has been declared at $0.48 per share, representing a 9.4% yield, with a dividend payout ratio of 176.15%.

Focus Partners Wealth lessened its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 1.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 657,213 shares of the real estate investment trust's stock after selling 12,880 shares during the period. Focus Partners Wealth owned about 0.19% of Starwood Property Trust worth $12,993,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of STWD. Balyasny Asset Management L.P. purchased a new position in Starwood Property Trust in the 4th quarter valued at approximately $241,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Starwood Property Trust by 6.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 956,368 shares of the real estate investment trust's stock valued at $18,123,000 after purchasing an additional 54,534 shares in the last quarter. NorthRock Partners LLC grew its holdings in Starwood Property Trust by 37.3% during the 4th quarter. NorthRock Partners LLC now owns 15,890 shares of the real estate investment trust's stock valued at $301,000 after buying an additional 4,317 shares in the last quarter. Nomura Holdings Inc. purchased a new position in Starwood Property Trust during the fourth quarter valued at approximately $1,542,000. Finally, Quantinno Capital Management LP purchased a new position in Starwood Property Trust during the fourth quarter valued at approximately $306,000. 49.82% of the stock is owned by hedge funds and other institutional investors.

Starwood Property Trust Trading Up 0.4%

STWD traded up $0.08 during trading on Thursday, hitting $20.36. 814,189 shares of the stock traded hands, compared to its average volume of 2,850,559. The firm has a market capitalization of $7.48 billion, a P/E ratio of 18.67 and a beta of 1.28. 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 firm has a 50-day moving average of $20.10 and a 200 day moving average of $19.79. Starwood Property Trust, Inc. has a 12-month low of $16.59 and a 12-month high of $21.17.

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

Starwood Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.48 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 9.4%. Starwood Property Trust's payout ratio is presently 176.15%.

Analyst Upgrades and Downgrades

STWD has been the subject of several recent analyst reports. Keefe, Bruyette & Woods boosted their target price on Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Wall Street Zen raised Starwood Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, UBS Group boosted their price objective 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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.70.

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.