Starwood Property Trust, Inc. (NYSE:STWD) Shares Sold by HTLF Bank

HTLF Bank trimmed its position in Starwood Property Trust, Inc. (NYSE:STWD) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,413 shares of the real estate investment trust’s stock after selling 764 shares during the quarter. HTLF Bank’s holdings in Starwood Property Trust were worth $681,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of STWD. Artemis Investment Management LLP acquired a new position in Starwood Property Trust in the 3rd quarter valued at about $9,580,000. Lighthouse Investment Partners LLC acquired a new position in Starwood Property Trust in the 2nd quarter valued at about $5,455,000. Blue Owl Capital Holdings LP acquired a new position in shares of Starwood Property Trust in the 2nd quarter worth approximately $4,289,000. Squarepoint Ops LLC lifted its holdings in shares of Starwood Property Trust by 1,490.6% in the 2nd quarter. Squarepoint Ops LLC now owns 150,436 shares of the real estate investment trust’s stock worth $2,849,000 after acquiring an additional 161,254 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Starwood Property Trust in the 2nd quarter worth approximately $2,788,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Stock Up 0.2 %

Starwood Property Trust stock traded up $0.04 during mid-day trading on Tuesday, reaching $20.03. 3,760,153 shares of the company’s stock were exchanged, compared to its average volume of 2,329,289. The company has a market cap of $6.34 billion, a P/E ratio of 18.37 and a beta of 1.70. Starwood Property Trust, Inc. has a twelve month low of $17.07 and a twelve month high of $22.29. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 2.80. The company has a fifty day moving average of $20.13 and a 200-day moving average of $19.73.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. The company had revenue of $489.80 million for the quarter, compared to the consensus estimate of $505.23 million. During the same period in the prior year, the firm posted $0.47 EPS. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. Sell-side analysts expect that Starwood Property Trust, Inc. will post 1.89 EPS for the current year.

Starwood Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.59%. The ex-dividend date of this dividend is Monday, September 30th. Starwood Property Trust’s dividend payout ratio is presently 176.15%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on STWD shares. Wells Fargo & Company upped their price objective on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $20.50 to $22.50 in a report on Thursday, September 5th. JPMorgan Chase & Co. upped their price objective on shares of Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. BTIG Research restated a “buy” rating and issued a $24.00 price objective on shares of Starwood Property Trust in a report on Friday, July 19th. Finally, Wolfe Research initiated coverage on shares of Starwood Property Trust in a report on Tuesday, June 25th. They set a “peer perform” rating on the stock. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.36.

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.