Starwood Property Trust, Inc. $STWD Stock: Valley Wealth Managers Inc. Reduces Stake

Key Points

• Valley Wealth Managers cut its Starwood Property Trust stake by 99.3% in the third quarter, selling 1.09 million shares and retaining just 7,242 shares valued at approximately $98,000. Institutional investors collectively own 49.82% of STWD.
• STWD shares opened at $12.71, near their 12-month low of $12.42 and well below the 12-month high of $19.06. The company reported quarterly EPS of $0.40, matching estimates, while revenue increased 15.6% year over year.
• Starwood Property Trust declared a quarterly dividend of $0.48, equivalent to an annualized $1.92 payout and a 15.1% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $18.70, despite mixed recent rating changes.

Valley Wealth Managers Inc. lessened its position in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 99.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,242 shares of the real estate investment trust's stock after selling 1,091,312 shares during the period. Valley Wealth Managers Inc.'s holdings in Starwood Property Trust were worth $98,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Wedmont Private Capital bought a new position in Starwood Property Trust in the 3rd quarter valued at approximately $296,000. GAMMA Investing LLC boosted its stake in Starwood Property Trust by 33.5% during the 3rd quarter. GAMMA Investing LLC now owns 10,395 shares of the real estate investment trust's stock valued at $140,000 after purchasing an additional 2,610 shares during the last quarter. Adams Asset Advisors LLC increased its holdings in shares of Starwood Property Trust by 48.1% in the 3rd quarter. Adams Asset Advisors LLC now owns 299,901 shares of the real estate investment trust's stock worth $4,049,000 after purchasing an additional 97,452 shares in the last quarter. Miller Global Investments LLC increased its holdings in shares of Starwood Property Trust by 44.0% in the 3rd quarter. Miller Global Investments LLC now owns 44,332 shares of the real estate investment trust's stock worth $598,000 after purchasing an additional 13,542 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Starwood Property Trust by 265.5% in the 3rd quarter. Versant Capital Management Inc now owns 7,142 shares of the real estate investment trust's stock worth $96,000 after purchasing an additional 5,188 shares in the last quarter. Hedge funds and other institutional investors own 49.82% of the company's stock.

Starwood Property Trust Stock Down 0.3%

STWD stock opened at $12.71 on Friday. The business's 50-day moving average price is $15.31 and its 200-day moving average price is $16.51. The stock has a market cap of $4.70 billion, a P/E ratio of 21.54, a PEG ratio of 1.68 and a beta of 1.01. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 3.47. Starwood Property Trust, Inc. has a twelve month low of $12.42 and a twelve month high of $19.06.

Starwood Property Trust (NYSE:STWD - Get Free Report) last released its earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $201.42 million during the quarter, compared to analyst estimates of $521.67 million. Starwood Property Trust had a net margin of 11.35% and a return on equity of 7.85%. The firm's quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 EPS. On average, equities research analysts forecast that Starwood Property Trust, Inc. will post 1.40 EPS for the current year.

Starwood Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.92 annualized dividend and a yield of 15.1%. Starwood Property Trust's dividend payout ratio is currently 325.42%.

Analyst Ratings Changes

STWD has been the subject of several recent analyst reports. Weiss Ratings cut Starwood Property Trust from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday. Zacks Research raised Starwood Property Trust from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 25th. Keefe, Bruyette & Woods dropped their price objective on Starwood Property Trust from $18.50 to $16.00 and set an "outperform" rating on the stock in a research report on Friday. Citigroup reiterated a "market outperform" rating on shares of Starwood Property Trust in a report on Thursday, September 24th. Finally, JPMorgan Chase & Co. reduced their price objective on Starwood Property Trust from $19.00 to $18.50 and set an "overweight" rating for the company in a report on Tuesday, August 18th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $18.70.

Starwood Property Trust Company Profile

Starwood Property Trust, Inc NYSE: STWD is a real estate investment trust focused on commercial real estate finance. The company originates, acquires, finances and manages a range of real estate debt investments, including senior and subordinate mortgages, mezzanine loans, and other credit investments secured by commercial properties.

Its business also includes commercial real estate lending and servicing, residential lending, and infrastructure lending. Through these activities, Starwood Property Trust provides financing to property owners, developers and other real estate participants across multiple property types, including office, multifamily, industrial, hospitality and other commercial assets.

Founded in 2009, the company operates primarily in the United States and has also pursued lending and investment opportunities in Europe and other select international markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.