Mutual of America Capital Management LLC Sells 81,841 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Key Points

• Mutual of America Capital Management LLC reduced its holdings in Starwood Property Trust by 33.2%, selling 81,841 shares and retaining 164,853 shares valued at approximately $3.26 million.
• Starwood Property Trust reported a quarterly earnings per share (EPS) of $0.43, exceeding analyst expectations of $0.41, although revenue decreased by 9.3% year-over-year to $444.28 million.
• The company announced a quarterly dividend of $0.48 per share, yielding 9.7% based on its annualized payouts, although the payout ratio stands at 176.15%.

Mutual of America Capital Management LLC trimmed its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 33.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,853 shares of the real estate investment trust's stock after selling 81,841 shares during the quarter. Mutual of America Capital Management LLC's holdings in Starwood Property Trust were worth $3,259,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in shares of Starwood Property Trust during the 4th quarter worth approximately $48,841,000. Northern Trust Corp increased its holdings in shares of 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 valued at $100,189,000 after acquiring an additional 736,699 shares in the last quarter. Focus Partners Wealth increased its holdings 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 valued at $12,699,000 after acquiring an additional 504,812 shares in the last quarter. Waterfront Capital Partners LLC increased its holdings in shares of Starwood Property Trust by 138.4% during the fourth quarter. Waterfront Capital Partners LLC now owns 633,016 shares of the real estate investment trust's stock valued at $11,996,000 after acquiring an additional 367,487 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its holdings in shares of Starwood Property Trust by 17.8% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,648,904 shares of the real estate investment trust's stock valued at $31,247,000 after acquiring an additional 248,904 shares in the last quarter. 49.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

STWD has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price objective on Starwood Property Trust from $21.00 to $22.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Wall Street Zen upgraded Starwood Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group boosted their price objective on Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. boosted their price objective on Starwood Property Trust from $19.00 to $19.50 and gave the company an "overweight" rating in a report on Monday, May 12th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Starwood Property Trust presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.70.

Starwood Property Trust Stock Performance

Shares of STWD stock traded down $0.09 during trading on Thursday, hitting $20.02. The company's stock had a trading volume of 1,599,257 shares, compared to its average volume of 2,918,503. The company has a market cap of $7.35 billion, a PE ratio of 18.35 and a beta of 1.26. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 2.90. The business has a fifty day moving average of $20.14 and a 200-day moving average of $19.70. Starwood Property Trust, Inc. has a 52 week low of $16.59 and a 52 week high of $21.17.

Starwood Property Trust (NYSE:STWD - Get Free Report) last released its earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $444.28 million during the quarter, compared to analyst estimates of $477.00 million. Starwood Property Trust had a return on equity of 8.72% and a net margin of 20.58%. Starwood Property Trust's quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 earnings per share. As a group, research 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 Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend is Tuesday, September 30th. Starwood Property Trust's payout ratio is 176.15%.

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.