HB Wealth Management LLC Sells 41,259 Shares of Starwood Property Trust, Inc. $STWD

Key Points

• HB Wealth Management LLC significantly reduced its ownership in Starwood Property Trust by 59.5%, selling 41,259 shares and retaining a total of 28,056 shares valued at $563,000.
• Starwood Property Trust is set to pay a dividend of $0.48 per share, representing a 9.9% yield, with the ex-dividend date on September 30th.
• Research analysts have mixed ratings on Starwood Property Trust, with a consensus rating of "Moderate Buy" and an average price target of $21.13.

HB Wealth Management LLC cut its holdings in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 59.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,056 shares of the real estate investment trust's stock after selling 41,259 shares during the quarter. HB Wealth Management LLC's holdings in Starwood Property Trust were worth $563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. World Investment Advisors grew its stake in shares of Starwood Property Trust by 4.8% in the first quarter. World Investment Advisors now owns 11,646 shares of the real estate investment trust's stock worth $230,000 after purchasing an additional 530 shares during the last quarter. Carnegie Investment Counsel increased its position in Starwood Property Trust by 2.7% during the 1st quarter. Carnegie Investment Counsel now owns 21,225 shares of the real estate investment trust's stock valued at $420,000 after purchasing an additional 550 shares during the period. Kestra Investment Management LLC increased its position in Starwood Property Trust by 0.4% during the 1st quarter. Kestra Investment Management LLC now owns 141,171 shares of the real estate investment trust's stock valued at $2,791,000 after purchasing an additional 550 shares during the period. Carnegie Lake Advisors LLC increased its position in Starwood Property Trust by 0.8% during the 1st quarter. Carnegie Lake Advisors LLC now owns 75,869 shares of the real estate investment trust's stock valued at $1,500,000 after purchasing an additional 600 shares during the period. Finally, Spire Wealth Management increased its position in Starwood Property Trust by 5.9% during the 1st quarter. Spire Wealth Management now owns 11,116 shares of the real estate investment trust's stock valued at $220,000 after purchasing an additional 616 shares during the period. 49.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wall Street Zen raised shares of Starwood Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Zacks Research downgraded shares of Starwood Property Trust from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 30th. UBS Group boosted their price objective on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods boosted their price objective on shares of Starwood Property Trust from $21.00 to $22.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Starwood Property Trust in a research report on Saturday, September 27th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Starwood Property Trust presently has a consensus rating of "Moderate Buy" and an average price target of $21.13.

Starwood Property Trust Stock Down 0.1%

NYSE:STWD opened at $19.44 on Friday. Starwood Property Trust, Inc. has a 1-year low of $16.59 and a 1-year high of $21.05. The firm's 50-day moving average price is $20.01 and its 200-day moving average price is $19.77. The company has a market capitalization of $7.14 billion, a PE ratio of 17.83 and a beta of 1.29. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.61 and a quick ratio of 1.61.

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 the consensus estimate of $0.41 by $0.02. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The company had revenue of $444.28 million for the quarter, compared to the consensus estimate of $477.00 million. During the same period in the prior year, the firm posted $0.48 EPS. Starwood Property Trust's revenue for the quarter was down 9.3% on a year-over-year basis. On average, equities analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.9%. The ex-dividend date of this dividend is Tuesday, September 30th. Starwood Property Trust's dividend payout ratio is 176.15%.

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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