Bank of New York Mellon Corp Sells 25,287 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Bank of New York Mellon Corp reduced its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 0.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,644,540 shares of the real estate investment trust's stock after selling 25,287 shares during the period. Bank of New York Mellon Corp owned approximately 0.78% of Starwood Property Trust worth $52,283,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in Starwood Property Trust during the fourth quarter worth about $63,044,000. Raymond James Financial Inc. purchased a new stake in Starwood Property Trust during the fourth quarter worth approximately $48,841,000. Northern Trust Corp grew its stake in Starwood Property Trust by 16.2% during the fourth quarter. Northern Trust Corp now owns 5,287,030 shares of the real estate investment trust's stock worth $100,189,000 after buying an additional 736,699 shares during the period. Focus Partners Wealth lifted its position in shares of Starwood Property Trust by 305.4% during the fourth quarter. Focus Partners Wealth now owns 670,093 shares of the real estate investment trust's stock worth $12,699,000 after purchasing an additional 504,812 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Starwood Property Trust by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 30,943,260 shares of the real estate investment trust's stock valued at $586,375,000 after acquiring an additional 377,939 shares in the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

Starwood Property Trust Stock Performance

Starwood Property Trust stock traded down $0.09 on Friday, hitting $20.88. The company's stock had a trading volume of 2,034,949 shares, compared to its average volume of 2,451,480. The firm has a market cap of $7.09 billion, a P/E ratio of 21.98 and a beta of 1.24. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.73. The company has a fifty day moving average price of $20.04 and a 200-day moving average price of $19.57. Starwood Property Trust, Inc. has a one year low of $16.59 and a one year high of $21.17.

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 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The firm had revenue of $418.18 million during the quarter, compared to analyst estimates of $469.00 million. Starwood Property Trust had a net margin of 17.26% and a return on equity of 8.87%. During the same quarter in the prior year, the firm posted $0.59 EPS. On average, equities analysts anticipate that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.

Starwood Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 30th will be given a dividend of $0.48 per share. The ex-dividend date is Monday, June 30th. This represents a $1.92 annualized dividend and a yield of 9.20%. Starwood Property Trust's dividend payout ratio (DPR) is 202.11%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on STWD shares. JPMorgan Chase & Co. boosted 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. Keefe, Bruyette & Woods raised 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. Finally, UBS Group reiterated a "neutral" rating and issued a $19.50 target price (up from $19.00) on shares of Starwood Property Trust in a report on Wednesday, May 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $22.00.

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.