Focus Partners Wealth Reduces 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 trimmed its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 1.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Bayforest Capital Ltd increased its stake in Starwood Property Trust by 616.1% in the 1st quarter. Bayforest Capital Ltd now owns 30,869 shares of the real estate investment trust's stock valued at $610,000 after purchasing an additional 26,558 shares in the last quarter. Palogic Value Management L.P. increased its position in shares of Starwood Property Trust by 8.7% in the first quarter. Palogic Value Management L.P. now owns 46,347 shares of the real estate investment trust's stock valued at $916,000 after buying an additional 3,710 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Starwood Property Trust during the 1st quarter worth $3,711,000. Caxton Associates LLP acquired a new position in shares of Starwood Property Trust during the 1st quarter worth $691,000. Finally, Kestra Investment Management LLC boosted its position in shares of Starwood Property Trust by 0.4% in the 1st quarter. Kestra Investment Management LLC now owns 141,171 shares of the real estate investment trust's stock worth $2,791,000 after buying an additional 550 shares in the last quarter. Institutional investors and hedge funds own 49.82% of the company's stock.

Starwood Property Trust Trading Down 0.3%

Shares of Starwood Property Trust stock opened at $20.51 on Friday. Starwood Property Trust, Inc. has a fifty-two week low of $16.59 and a fifty-two week high of $21.17. The business's fifty day moving average is $20.13 and its two-hundred day moving average is $19.79. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 2.90. The firm has a market cap of $7.53 billion, a PE ratio of 18.82 and a beta of 1.28.

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

Starwood Property Trust Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have weighed in on STWD shares. UBS Group raised their target price on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company 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 research report on Saturday, August 9th. Finally, Keefe, Bruyette & Woods increased their target price on Starwood Property Trust from $21.00 to $22.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Starwood Property Trust presently has a consensus rating of "Moderate Buy" and an average price target of $21.70.

Starwood Property Trust Profile

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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