Van ECK Associates Corp Decreases Stake in Starwood Property Trust, Inc. (STWD)

Van ECK Associates Corp trimmed its position in Starwood Property Trust, Inc. (NYSE:STWD) by 21.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 362,984 shares of the real estate investment trust’s stock after selling 97,553 shares during the quarter. Van ECK Associates Corp owned 0.14% of Starwood Property Trust worth $7,884,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Breton Hill Capital Ltd. purchased a new stake in shares of Starwood Property Trust during the 2nd quarter valued at about $512,000. Acadian Asset Management LLC raised its holdings in shares of Starwood Property Trust by 920.0% during the 2nd quarter. Acadian Asset Management LLC now owns 424,706 shares of the real estate investment trust’s stock valued at $9,507,000 after buying an additional 383,068 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Starwood Property Trust by 33.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 11,940 shares of the real estate investment trust’s stock valued at $267,000 after buying an additional 2,971 shares during the period. Northside Capital Management LLC raised its holdings in shares of Starwood Property Trust by 43.9% during the 2nd quarter. Northside Capital Management LLC now owns 14,170 shares of the real estate investment trust’s stock valued at $317,000 after buying an additional 4,325 shares during the period. Finally, Grove Bank & Trust raised its holdings in shares of Starwood Property Trust by 29.9% during the 2nd quarter. Grove Bank & Trust now owns 10,440 shares of the real estate investment trust’s stock valued at $234,000 after buying an additional 2,400 shares during the period. Institutional investors own 67.53% of the company’s stock.

Several brokerages recently commented on STWD. Zacks Investment Research upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Friday, August 25th. BidaskClub upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, ValuEngine lowered Starwood Property Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.00.

Shares of Starwood Property Trust, Inc. (STWD) traded down $0.08 during midday trading on Wednesday, reaching $21.68. The company’s stock had a trading volume of 1,163,200 shares, compared to its average volume of 1,770,044. Starwood Property Trust, Inc. has a 12-month low of $21.27 and a 12-month high of $23.01. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 1.68. The firm has a market cap of $5,679.33, a price-to-earnings ratio of 10.36, a PEG ratio of 2.05 and a beta of 0.51.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.11. Starwood Property Trust had a return on equity of 11.88% and a net margin of 52.28%. The firm had revenue of $226.77 million during the quarter, compared to analyst estimates of $236.76 million. During the same quarter last year, the firm earned $0.59 EPS. Starwood Property Trust’s quarterly revenue was up 10.8% on a year-over-year basis. equities analysts anticipate that Starwood Property Trust, Inc. will post 2.12 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.92 dividend on an annualized basis and a yield of 8.86%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 116.36%.

In other news, COO Andrew Jay Sossen sold 11,270 shares of Starwood Property Trust stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $21.94, for a total value of $247,263.80. Following the completion of the transaction, the chief operating officer now owns 108,258 shares in the company, valued at approximately $2,375,180.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Rina Paniry sold 6,867 shares of Starwood Property Trust stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $21.96, for a total value of $150,799.32. Following the completion of the transaction, the chief financial officer now owns 100,026 shares of the company’s stock, valued at approximately $2,196,570.96. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.

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Starwood Property Trust Profile

Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

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