Handelsbanken Fonder AB Cuts Stake in Starwood Property Trust, Inc. (NYSE:STWD)

Handelsbanken Fonder AB cut its position in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 22.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,197 shares of the real estate investment trust's stock after selling 22,500 shares during the quarter. Handelsbanken Fonder AB's holdings in Starwood Property Trust were worth $1,526,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of STWD. Walker Asset Management LLC grew its stake in Starwood Property Trust by 7.1% during the 1st quarter. Walker Asset Management LLC now owns 11,676 shares of the real estate investment trust's stock worth $231,000 after buying an additional 773 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Starwood Property Trust by 80.7% in the first quarter. GAMMA Investing LLC now owns 5,926 shares of the real estate investment trust's stock worth $117,000 after acquiring an additional 2,647 shares in the last quarter. Daymark Wealth Partners LLC grew its stake in shares of Starwood Property Trust by 20.4% during the first quarter. Daymark Wealth Partners LLC now owns 57,581 shares of the real estate investment trust's stock worth $1,138,000 after acquiring an additional 9,770 shares during the last quarter. Park Avenue Securities LLC acquired a new position in shares of Starwood Property Trust during the first quarter valued at about $215,000. Finally, UMB Bank n.a. raised its position in shares of Starwood Property Trust by 83.0% in the 1st quarter. UMB Bank n.a. now owns 3,195 shares of the real estate investment trust's stock valued at $63,000 after purchasing an additional 1,449 shares during the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on STWD. Keefe, Bruyette & Woods dropped their target price on shares of Starwood Property Trust from $22.00 to $21.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. UBS Group reiterated a "neutral" rating and set a $19.50 price objective (up from $19.00) on shares of Starwood Property Trust in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. upped their target price on Starwood Property Trust from $19.00 to $19.50 and gave the company an "overweight" rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $21.83.

Starwood Property Trust Stock Performance

Shares of NYSE STWD traded up $0.27 during trading on Wednesday, reaching $20.12. 934,549 shares of the company traded hands, compared to its average volume of 2,429,356. The stock has a market cap of $6.83 billion, a P/E ratio of 21.17 and a beta of 1.25. The firm's fifty day simple moving average is $19.38 and its 200 day simple moving average is $19.49. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.73. 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 posted its earnings results on Friday, May 9th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). Starwood Property Trust had a return on equity of 8.87% and a net margin of 17.26%. The firm had revenue of $418.18 million for the quarter, compared to analysts' expectations of $469.00 million. During the same period in the previous year, the company earned $0.59 earnings per share. As a group, research analysts anticipate that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 30th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.54%. The ex-dividend date of this dividend is Monday, June 30th. Starwood Property Trust's payout ratio is 202.11%.

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.