Nomura Holdings Inc. Lowers Stock Holdings in Starwood Property Trust, Inc. $STWD

Key Points

• Nomura Holdings Inc. has reduced its stake in Starwood Property Trust by 79.6%, now owning 16,635 shares valued at $329,000 as of its latest SEC filing.
• Several institutional investors have increased their positions in Starwood Property Trust, including Baird Financial Group and Focus Partners Wealth, which saw significant percentage increases in their holdings.
• Starwood Property Trust recently announced a quarterly dividend of $0.48, which reflects a 9.3% yield on an annualized basis, with a high dividend payout ratio of 176.15%.

Nomura Holdings Inc. reduced its position in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 79.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,635 shares of the real estate investment trust's stock after selling 64,749 shares during the period. Nomura Holdings Inc.'s holdings in Starwood Property Trust were worth $329,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Northern Trust Corp boosted its position in shares of Starwood Property Trust by 3.6% during the first quarter. Northern Trust Corp now owns 5,479,313 shares of the real estate investment trust's stock worth $108,326,000 after buying an additional 192,283 shares during the period. Raymond James Financial Inc. boosted its holdings in Starwood Property Trust by 5.5% in the first quarter. Raymond James Financial Inc. now owns 2,719,027 shares of the real estate investment trust's stock valued at $53,755,000 after purchasing an additional 141,689 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Starwood Property Trust by 1.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,194,942 shares of the real estate investment trust's stock valued at $43,394,000 after purchasing an additional 41,845 shares during the period. HighTower Advisors LLC boosted its holdings in Starwood Property Trust by 10.7% in the first quarter. HighTower Advisors LLC now owns 1,993,652 shares of the real estate investment trust's stock valued at $39,414,000 after purchasing an additional 193,417 shares during the period. Finally, Leeward Investments LLC MA boosted its holdings in Starwood Property Trust by 1.2% in the first quarter. Leeward Investments LLC MA now owns 1,324,081 shares of the real estate investment trust's stock valued at $26,177,000 after purchasing an additional 15,874 shares during the period. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Starwood Property Trust Stock Performance

Shares of STWD traded up $0.12 during midday trading on Tuesday, reaching $20.63. 2,702,303 shares of the stock were exchanged, compared to its average volume of 2,868,387. The business's 50-day moving average price is $20.13 and its 200 day moving average price is $19.77. 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, Inc. has a twelve month low of $16.59 and a twelve month high of $21.17. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 18.93 and a beta of 1.28.

Starwood Property Trust (NYSE:STWD - Get Free Report) last posted its 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 business had revenue of $444.28 million for the quarter, compared to analysts' expectations of $477.00 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The business's revenue was down 9.3% compared to the same quarter last year. On average, sell-side analysts expect that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.3%. Starwood Property Trust's dividend payout ratio (DPR) is currently 176.15%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted 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. UBS Group lifted their target price on Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. lifted their target price on Starwood Property Trust from $19.00 to $19.50 and gave the company an "overweight" rating in a report on Monday, May 12th. Finally, Wall Street Zen upgraded Starwood Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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.