Starwood Property Trust (NYSE:STWD) Director Buys $1,007,424.00 in Stock

Key Points

• Director Jonathan Lee Pollack bought 84,800 shares for about $1.01 million; the article also reports a separate purchase of 85,000 shares worth about $1.01 million on the same day.
• Starwood reported quarterly EPS of $0.31, beating the $0.27 consensus, and revenue of $545.85 million, above estimates; however, revenue fell 22.8% year over year.
• Shares recently traded at $11.36, near the 52-week low of $11.23. The company declared a $0.48 quarterly dividend, equivalent to a 16.9% annualized yield at the cited share price.

Starwood Property Trust, Inc. (NYSE:STWD - Get Free Report) Director Jonathan Lee Pollack purchased 84,800 shares of the firm's stock in a transaction that occurred on Wednesday, November 11th. The stock was acquired at an average price of $11.88 per share, for a total transaction of $1,007,424.00. Following the completion of the purchase, the director directly owned 84,800 shares of the company's stock, valued at $1,007,424. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Jonathan Lee Pollack also recently made the following trade(s):

• On Wednesday, November 11th, Jonathan Lee Pollack acquired 85,000 shares of Starwood Property Trust stock. The stock was acquired at an average price of $11.84 per share, with a total value of $1,006,400.00.

Starwood Property Trust Stock Performance

Starwood Property Trust stock traded down $0.09 during midday trading on Friday, hitting $11.36. The company's stock had a trading volume of 7,261,705 shares, compared to its average volume of 6,604,194. Starwood Property Trust, Inc. has a 1-year low of $11.23 and a 1-year high of $18.66. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.48 and a quick ratio of 1.46. The company has a 50-day moving average price of $13.36 and a two-hundred day moving average price of $16.24. The company has a market cap of $4.13 billion, a price-to-earnings ratio of -16.70, a PEG ratio of 1.59 and a beta of 1.03.

Starwood Property Trust (NYSE:STWD - Get Free Report) last announced its earnings results on Friday, November 6th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. Starwood Property Trust had a negative net margin of 11.35% and a positive return on equity of 7.77%. The firm had revenue of $545.85 million for the quarter, compared to analyst estimates of $531.80 million. During the same quarter in the prior year, the business posted $0.40 EPS. The business's revenue was down 22.8% compared to the same quarter last year. As a group, sell-side analysts predict that Starwood Property Trust, Inc. will post 1.33 earnings per share for the current year.

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 16.9%. The ex-dividend date was Wednesday, September 30th. Starwood Property Trust's payout ratio is presently -282.35%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on STWD shares. UBS Group reduced their price target on Starwood Property Trust from $20.00 to $16.00 and set a "buy" rating on the stock in a research report on Thursday. Zacks Research upgraded Starwood Property Trust from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 20th. JPMorgan Chase & Co. dropped their price objective on Starwood Property Trust from $16.00 to $15.50 and set an "overweight" rating for the company in a report on Wednesday. Weiss Ratings downgraded Starwood Property Trust from a "sell (d+)" rating to a "sell (d)" rating in a research report on Monday. Finally, Keefe, Bruyette & Woods reduced their target price on Starwood Property Trust from $16.00 to $15.00 and set an "outperform" rating on the stock in a report on Wednesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.10.

Institutional Trading of Starwood Property Trust

Large investors have recently bought and sold shares of the business. Caxton Associates LLP boosted its stake in shares of Starwood Property Trust by 54.1% in the 3rd quarter. Caxton Associates LLP now owns 40,558 shares of the real estate investment trust's stock valued at $548,000 after purchasing an additional 14,237 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Starwood Property Trust by 0.4% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 311,492 shares of the real estate investment trust's stock valued at $4,205,000 after purchasing an additional 1,265 shares during the last quarter. Bleakley Financial Group LLC increased its position in Starwood Property Trust by 68.3% during the 3rd quarter. Bleakley Financial Group LLC now owns 252,488 shares of the real estate investment trust's stock worth $3,409,000 after purchasing an additional 102,489 shares in the last quarter. AlphaGrep UK Ltd increased its position in Starwood Property Trust by 102.4% during the 3rd quarter. AlphaGrep UK Ltd now owns 46,100 shares of the real estate investment trust's stock worth $622,000 after purchasing an additional 23,326 shares in the last quarter. Finally, First Trust Advisors LP increased its position in Starwood Property Trust by 62.4% during the 3rd quarter. First Trust Advisors LP now owns 589,900 shares of the real estate investment trust's stock worth $7,964,000 after purchasing an additional 226,770 shares in the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.

About Starwood Property Trust

Starwood Property Trust, Inc. is a real estate investment trust focused on commercial real estate finance and related investments. The company originates, acquires and manages commercial mortgage loans and other debt investments secured by commercial properties, and also invests in commercial real estate and infrastructure-related lending. Founded in 2009, Starwood Property Trust operates primarily in the United States and also conducts business in international markets, including Europe and Australia.

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