Bank of New York Mellon Corp Cuts Position in Starwood Property Trust, Inc. (NYSE:STWD)

Bank of New York Mellon Corp lessened its stake in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 0.9% in the 1st quarter, according to its most recent 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 about 0.78% of Starwood Property Trust worth $52,283,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new stake in shares of Starwood Property Trust in the first quarter valued at $25,000. PSI Advisors LLC acquired a new stake in shares of Starwood Property Trust during the first quarter worth about $28,000. Quarry LP purchased a new stake in Starwood Property Trust during the 4th quarter worth approximately $31,000. Hurley Capital LLC acquired a new stake in Starwood Property Trust during the 4th quarter worth approximately $36,000. Finally, Smallwood Wealth Investment Management LLC purchased a new position in Starwood Property Trust in the 1st quarter valued at approximately $40,000. Hedge funds and other institutional investors own 49.82% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on STWD. UBS Group upped their price objective on Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price target on Starwood Property Trust from $19.00 to $19.50 and gave the company an "overweight" rating in a research report on Monday, May 12th. Finally, Keefe, Bruyette & Woods boosted their price objective 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. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.08.

Starwood Property Trust Stock Up 1.0%

Shares of STWD traded up $0.22 during mid-day trading on Wednesday, reaching $20.85. The company's stock had a trading volume of 1,819,264 shares, compared to its average volume of 2,449,642. The company's 50 day moving average is $20.10 and its 200 day moving average is $19.59. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a market cap of $7.08 billion, a PE ratio of 21.94 and a beta of 1.24. Starwood Property Trust, Inc. has a 12-month low of $16.59 and a 12-month high of $21.17.

Starwood Property Trust (NYSE:STWD - Get Free Report) last released its quarterly 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 for the quarter, compared to analyst estimates 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 period last year, the firm earned $0.59 EPS. Equities analysts anticipate that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Wednesday, July 30th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.21%. The ex-dividend date of this dividend was Monday, June 30th. Starwood Property Trust's dividend payout ratio is presently 202.11%.

Starwood Property Trust Company 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.