Nomura Holdings Inc. Sells 64,749 Shares of 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. decreased its position in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 79.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Baird Financial Group Inc. boosted its holdings in Starwood Property Trust by 4.4% in the first quarter. Baird Financial Group Inc. now owns 109,729 shares of the real estate investment trust's stock valued at $2,169,000 after acquiring an additional 4,630 shares during the last quarter. Palogic Value Management L.P. boosted its holdings in Starwood Property Trust by 8.7% during the first quarter. Palogic Value Management L.P. now owns 46,347 shares of the real estate investment trust's stock worth $916,000 after buying an additional 3,710 shares during the last quarter. Evergreen Capital Management LLC raised its position in shares of Starwood Property Trust by 52.9% during the first quarter. Evergreen Capital Management LLC now owns 22,093 shares of the real estate investment trust's stock worth $437,000 after purchasing an additional 7,639 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in shares of Starwood Property Trust during the first quarter worth about $1,570,000. Finally, Truvestments Capital LLC raised its position in shares of Starwood Property Trust by 50.6% during the first quarter. Truvestments Capital LLC now owns 229,416 shares of the real estate investment trust's stock worth $4,536,000 after purchasing an additional 77,124 shares during the period. Institutional investors own 49.82% of the company's stock.

Starwood Property Trust Stock Down 0.6%

Starwood Property Trust stock traded down $0.12 during midday trading on Thursday, reaching $20.60. The stock had a trading volume of 3,040,394 shares, compared to its average volume of 2,243,860. The firm's fifty day simple moving average is $20.13 and its 200-day simple moving average is $19.78. Starwood Property Trust, Inc. has a 1-year low of $16.59 and a 1-year high of $21.17. The stock has a market capitalization of $7.56 billion, a P/E ratio of 18.89 and a beta of 1.28. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.61 and a current ratio of 1.61.

Starwood Property Trust (NYSE:STWD - Get Free Report) last announced its earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $477.00 million. During the same quarter last year, the firm earned $0.48 EPS. Starwood Property Trust's revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, analysts expect that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Wall Street Zen raised Starwood Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Keefe, Bruyette & Woods raised their price target 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. Finally, UBS Group raised their price target on Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently 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.