First Manhattan Co. Sells 186,225 Shares of STARWOOD PROPERTY TRUST, INC. (NYSE:STWD)

First Manhattan Co. lowered its stake in shares of STARWOOD PROPERTY TRUST, INC. (NYSE:STWD) by 96.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,425 shares of the real estate investment trust’s stock after selling 186,225 shares during the period. First Manhattan Co.’s holdings in STARWOOD PROPERTY TRUST, INC. were worth $143,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in STWD. Clough Capital Partners L P raised its position in shares of STARWOOD PROPERTY TRUST, INC. by 107.0% in the first quarter. Clough Capital Partners L P now owns 3,651,545 shares of the real estate investment trust’s stock valued at $81,341,000 after buying an additional 1,887,782 shares during the period. Vanguard Group Inc. raised its position in shares of STARWOOD PROPERTY TRUST, INC. by 8.4% in the first quarter. Vanguard Group Inc. now owns 21,023,747 shares of the real estate investment trust’s stock valued at $474,716,000 after buying an additional 1,635,444 shares during the period. American Century Companies Inc. raised its position in shares of STARWOOD PROPERTY TRUST, INC. by 5,055.7% in the first quarter. American Century Companies Inc. now owns 1,268,565 shares of the real estate investment trust’s stock valued at $28,644,000 after buying an additional 1,243,960 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of STARWOOD PROPERTY TRUST, INC. by 22.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,778,303 shares of the real estate investment trust’s stock valued at $107,894,000 after buying an additional 883,587 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of STARWOOD PROPERTY TRUST, INC. during the first quarter valued at approximately $11,294,000. Hedge funds and other institutional investors own 74.20% of the company’s stock.

STARWOOD PROPERTY TRUST, INC. (NYSE STWD) opened at 22.06 on Friday. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 12.67 and a beta of 0.54. STARWOOD PROPERTY TRUST, INC. has a 52-week low of $21.11 and a 52-week high of $23.46. The company’s 50-day moving average price is $22.15 and its 200 day moving average price is $22.38.

STARWOOD PROPERTY TRUST, INC. (NYSE:STWD) last posted its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $211.57 million for the quarter, compared to the consensus estimate of $244.13 million. STARWOOD PROPERTY TRUST, INC. had a return on equity of 11.39% and a net margin of 55.89%. During the same period in the previous year, the business earned $0.50 earnings per share. On average, equities analysts expect that STARWOOD PROPERTY TRUST, INC. will post $2.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a $0.48 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.70%. STARWOOD PROPERTY TRUST, INC.’s dividend payout ratio is currently 109.09%.

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Several equities analysts have recently commented on STWD shares. Zacks Investment Research upgraded STARWOOD PROPERTY TRUST, INC. from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. BidaskClub upgraded STARWOOD PROPERTY TRUST, INC. from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $24.00.

About STARWOOD PROPERTY TRUST, INC.