Starwood Property Trust, Inc. $STWD Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC decreased its holdings in Starwood Property Trust by 65.5%, owning only 39,748 shares after selling 75,362 during the 1st quarter.
• Starwood Property Trust's quarterly earnings report showed an EPS of $0.43, exceeding analysts' expectations, but revenue declined by 9.3% year-over-year.
• The company declared a quarterly dividend of $0.48 per share, yielding 9.6% annually, despite a high payout ratio of 176.15%.

Voya Investment Management LLC decreased its position in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 65.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,748 shares of the real estate investment trust's stock after selling 75,362 shares during the period. Voya Investment Management LLC's holdings in Starwood Property Trust were worth $786,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in STWD. Meeder Asset Management Inc. bought a new stake in shares of Starwood Property Trust in the 1st quarter worth $25,000. Alpine Bank Wealth Management acquired a new position in Starwood Property Trust during the first quarter worth about $25,000. PSI Advisors LLC bought a new stake in Starwood Property Trust in the first quarter worth about $28,000. SVB Wealth LLC acquired a new stake in Starwood Property Trust in the 1st quarter valued at about $30,000. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in Starwood Property Trust in the 1st quarter valued at about $40,000. 49.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on STWD shares. Keefe, Bruyette & Woods lifted their price objective on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. UBS Group lifted their price target on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Finally, Wall Street Zen raised Starwood Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.13.

Starwood Property Trust Stock Down 0.4%

STWD stock opened at $19.98 on Thursday. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market capitalization of $7.33 billion, a P/E ratio of 18.33 and a beta of 1.28. Starwood Property Trust, Inc. has a 52-week low of $16.59 and a 52-week high of $21.05. The company's 50 day simple moving average is $20.03 and its 200-day simple moving average is $19.79.

Starwood Property Trust (NYSE:STWD - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.02. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The firm had revenue of $444.28 million during the quarter, compared to analyst estimates of $477.00 million. During the same quarter last year, the business posted $0.48 EPS. The company's revenue was down 9.3% on a year-over-year basis. As a group, equities research analysts anticipate that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Starwood Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.48 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.6%. Starwood Property Trust's payout ratio is currently 176.15%.

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.

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