Second Half Financial Partners LLC Sells 22,792 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Key Points

• Second Half Financial Partners LLC has sold 22,792 shares of Starwood Property Trust, reducing its holdings by 17.7% to 106,021 shares, now valued at approximately $2.1 million.
• Starwood Property Trust recently reported a quarterly EPS of $0.45, missing analyst estimates, with revenues of $418.18 million versus a consensus of $469 million.
• The company announced a quarterly dividend of $0.48 per share, equating to a yield of 9.64%, with a high dividend payout ratio of 202.11%.

Second Half Financial Partners LLC decreased its position in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 17.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,021 shares of the real estate investment trust's stock after selling 22,792 shares during the period. Starwood Property Trust comprises 1.0% of Second Half Financial Partners LLC's portfolio, making the stock its 16th biggest position. Second Half Financial Partners LLC's holdings in Starwood Property Trust were worth $2,096,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Alpine Bank Wealth Management bought a new position in shares of Starwood Property Trust in the first quarter worth about $25,000. PSI Advisors LLC acquired a new stake in shares of Starwood Property Trust in the first quarter valued at approximately $28,000. Quarry LP acquired a new stake in shares of Starwood Property Trust in the fourth quarter valued at approximately $31,000. Hurley Capital LLC bought a new position in Starwood Property Trust in the 4th quarter worth approximately $36,000. Finally, Smallwood Wealth Investment Management LLC acquired a new position in Starwood Property Trust during the 1st quarter worth $40,000. Institutional investors own 49.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on STWD shares. 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 research note on Thursday, July 10th. UBS Group upped their target price 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Starwood Property Trust from $19.00 to $19.50 and gave the company an "overweight" rating in a research note on Monday, May 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Starwood Property Trust currently has an average rating of "Moderate Buy" and an average target price of $21.70.

Starwood Property Trust Trading Down 0.7%

Shares of NYSE:STWD traded down $0.15 during midday trading on Thursday, hitting $19.46. The company had a trading volume of 2,157,223 shares, compared to its average volume of 2,908,108. 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. The firm has a fifty day simple moving average of $20.15 and a 200 day simple moving average of $19.66. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of 20.48 and a beta of 1.24.

Starwood Property Trust (NYSE:STWD - Get Free Report) last issued its earnings results on Friday, May 9th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). The company had revenue of $418.18 million for the quarter, compared to the consensus estimate of $469.00 million. Starwood Property Trust had a return on equity of 8.87% and a net margin of 17.26%. During the same quarter last year, the business posted $0.59 EPS. On average, analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Starwood Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.87%. The ex-dividend date is Tuesday, September 30th. Starwood Property Trust's payout ratio is presently 202.11%.

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.