US Bancorp DE Sells 44,248 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Key Points

• US Bancorp DE reduced its holdings in Starwood Property Trust by 44.7% in the first quarter, now owning 54,838 shares valued at approximately $1.08 million.
• Starwood Property Trust announced a quarterly dividend of $0.48 per share, resulting in an annual yield of 9.7%, with a record date of September 30th.
• Recent earnings indicated a 20.58% net margin, with the company reporting earnings per share of $0.43, slightly exceeding analyst expectations.

US Bancorp DE lessened its position in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 44.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,838 shares of the real estate investment trust's stock after selling 44,248 shares during the quarter. US Bancorp DE's holdings in Starwood Property Trust were worth $1,084,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of STWD. Alpine Bank Wealth Management acquired a new stake in Starwood Property Trust in the 1st quarter valued at $25,000. Meeder Asset Management Inc. bought a new position in Starwood Property Trust in the 1st quarter valued at $25,000. PSI Advisors LLC bought a new position in Starwood Property Trust in the 1st quarter valued at $28,000. Quarry LP bought a new position in Starwood Property Trust in the 4th quarter valued at $31,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in Starwood Property Trust in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 49.82% of the company's stock.

Starwood Property Trust Price Performance

Starwood Property Trust stock traded down $0.16 during mid-day trading on Thursday, reaching $19.95. 3,321,095 shares of the company were exchanged, compared to its average volume of 2,930,618. The company has a fifty day simple moving average of $20.14 and a 200-day simple moving average of $19.70. Starwood Property Trust, Inc. has a 12 month low of $16.59 and a 12 month high of $21.17. 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 cap of $7.32 billion, a PE ratio of 18.30 and a beta of 1.26.

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 return on equity of 8.72% and a net margin of 20.58%. The firm had revenue of $444.28 million for the quarter, compared to analyst estimates of $477.00 million. During the same quarter last year, the company earned $0.48 EPS. The company's revenue was down 9.3% on a year-over-year basis. As a group, equities research analysts expect that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal 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 9.6%. The ex-dividend date is Tuesday, September 30th. Starwood Property Trust's dividend payout ratio (DPR) is 176.15%.

Analysts Set New Price Targets

Several equities analysts have issued reports on STWD shares. Wall Street Zen upgraded Starwood Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group boosted their target price on Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. JPMorgan Chase & Co. boosted their target price on Starwood Property Trust from $19.00 to $19.50 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Finally, Keefe, Bruyette & Woods boosted their target price 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $21.70.

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.