Summit Securities Group LLC Has $34,000 Stock Holdings in Starwood Property Trust, Inc. $STWD

Key Points

• Summit Securities Group LLC has significantly reduced its stake in Starwood Property Trust, cutting holdings by 94.6% to just 1,700 shares worth approximately $34,000.
• Starwood Property Trust recently reported earnings of $0.43 per share, exceeding analyst expectations, but revenue fell 9.3% year-over-year.
• The company announced a quarterly dividend of $0.48 per share, yielding 9.7%, with a payout ratio of 176.15%.

Summit Securities Group LLC cut its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 94.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,700 shares of the real estate investment trust's stock after selling 30,000 shares during the period. Summit Securities Group LLC's holdings in Starwood Property Trust were worth $34,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. World Investment Advisors lifted its position in shares of Starwood Property Trust by 4.8% in the first quarter. World Investment Advisors now owns 11,646 shares of the real estate investment trust's stock valued at $230,000 after buying an additional 530 shares during the last quarter. Carnegie Investment Counsel lifted its position in shares of Starwood Property Trust by 2.7% in the first quarter. Carnegie Investment Counsel now owns 21,225 shares of the real estate investment trust's stock valued at $420,000 after buying an additional 550 shares during the last quarter. Carnegie Lake Advisors LLC lifted its position in shares of Starwood Property Trust by 0.8% in the first quarter. Carnegie Lake Advisors LLC now owns 75,869 shares of the real estate investment trust's stock valued at $1,500,000 after buying an additional 600 shares during the last quarter. Spire Wealth Management lifted its position in shares of Starwood Property Trust by 5.9% in the first quarter. Spire Wealth Management now owns 11,116 shares of the real estate investment trust's stock valued at $220,000 after buying an additional 616 shares during the last quarter. Finally, Kovack Advisors Inc. lifted its position in shares of Starwood Property Trust by 1.3% in the first quarter. Kovack Advisors Inc. now owns 55,707 shares of the real estate investment trust's stock valued at $1,101,000 after buying an additional 725 shares during the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.

Starwood Property Trust Price Performance

Shares of NYSE STWD opened at $19.86 on Tuesday. The firm has a market cap of $7.29 billion, a P/E ratio of 18.22 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. Starwood Property Trust, Inc. has a 1-year low of $16.59 and a 1-year high of $21.17. The business's 50 day moving average is $20.13 and its 200-day moving average is $19.71.

Starwood Property Trust (NYSE:STWD - Get Free Report) last announced its earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.02. The company had revenue of $444.28 million for 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%. The firm's quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 earnings per share. Equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date is Tuesday, September 30th. Starwood Property Trust's dividend payout ratio (DPR) is 176.15%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. UBS Group raised their price objective on Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. JPMorgan Chase & Co. raised their price objective 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. Wall Street Zen raised Starwood Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Keefe, Bruyette & Woods raised their price objective on Starwood Property Trust from $21.00 to $22.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $21.70.

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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