Starwood Property Trust, Inc. (NYSE:STWD) Shares Sold by WASHINGTON TRUST Co

WASHINGTON TRUST Co trimmed its position in Starwood Property Trust, Inc. (NYSE:STWDGet Rating) by 27.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,629 shares of the real estate investment trust’s stock after selling 1,000 shares during the period. WASHINGTON TRUST Co’s holdings in Starwood Property Trust were worth $64,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd acquired a new stake in Starwood Property Trust during the 4th quarter worth about $11,502,000. First Republic Investment Management Inc. grew its position in Starwood Property Trust by 20.7% during the 3rd quarter. First Republic Investment Management Inc. now owns 2,280,561 shares of the real estate investment trust’s stock worth $55,669,000 after purchasing an additional 390,357 shares during the period. Capitolis Advisors LLC grew its position in Starwood Property Trust by 62.5% during the 3rd quarter. Capitolis Advisors LLC now owns 829,540 shares of the real estate investment trust’s stock worth $21,186,000 after purchasing an additional 318,947 shares during the period. Jennison Associates LLC grew its position in Starwood Property Trust by 30.7% during the 4th quarter. Jennison Associates LLC now owns 859,696 shares of the real estate investment trust’s stock worth $20,891,000 after purchasing an additional 201,971 shares during the period. Finally, MUFG Securities EMEA plc acquired a new stake in Starwood Property Trust during the 3rd quarter worth about $4,150,000. 46.13% of the stock is currently owned by hedge funds and other institutional investors.

STWD has been the topic of several recent analyst reports. StockNews.com initiated coverage on shares of Starwood Property Trust in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Raymond James raised shares of Starwood Property Trust from an “outperform” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research note on Thursday, March 31st. Finally, Zacks Investment Research raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $28.60.

Shares of Starwood Property Trust stock opened at $24.22 on Thursday. The firm has a market capitalization of $7.42 billion, a PE ratio of 15.83 and a beta of 1.47. Starwood Property Trust, Inc. has a twelve month low of $22.37 and a twelve month high of $27.00. The firm’s 50-day moving average price is $23.70 and its 200 day moving average price is $24.52. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 2.65.

Starwood Property Trust (NYSE:STWDGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The real estate investment trust reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.26. The firm had revenue of $293.99 million for the quarter, compared to analyst estimates of $298.30 million. Starwood Property Trust had a net margin of 38.26% and a return on equity of 14.41%. Starwood Property Trust’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company posted $0.47 EPS. On average, sell-side analysts predict that Starwood Property Trust, Inc. will post 1.92 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were issued a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $1.92 dividend on an annualized basis and a yield of 7.93%. Starwood Property Trust’s payout ratio is 125.49%.

In other Starwood Property Trust news, COO Andrew Jay Sossen sold 33,750 shares of the stock in a transaction dated Thursday, March 31st. The shares were sold at an average price of $24.25, for a total value of $818,437.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.00% of the stock is currently owned by corporate insiders.

Starwood Property Trust Company Profile (Get Rating)

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States, Europe, and Australia. It operates through four segments: 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, including distressed or non-performing loans.

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

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