International Assets Investment Management LLC Sells 49,212 Shares of Starwood Property Trust, Inc. $STWD

International Assets Investment Management LLC cut its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 83.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,000 shares of the real estate investment trust’s stock after selling 49,212 shares during the period. International Assets Investment Management LLC’s holdings in Starwood Property Trust were worth $135,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of STWD. BlackRock Inc. acquired a new stake in shares of Starwood Property Trust in the 2nd quarter valued at approximately $589,366,000. Bank of America Corp DE bought a new position in shares of Starwood Property Trust in the second quarter valued at $19,537,000. QRG Capital Management Inc. grew its stake in shares of Starwood Property Trust by 101.4% in the second quarter. QRG Capital Management Inc. now owns 344,716 shares of the real estate investment trust’s stock valued at $5,646,000 after buying an additional 173,558 shares in the last quarter. Blue Owl Capital Holdings LP acquired a new position in Starwood Property Trust during the second quarter worth $3,216,000. Finally, Adams Asset Advisors LLC increased its holdings in Starwood Property Trust by 48.1% during the third quarter. Adams Asset Advisors LLC now owns 299,901 shares of the real estate investment trust’s stock worth $4,049,000 after buying an additional 97,452 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

STWD has been the topic of several analyst reports. Wells Fargo & Company set a $20.00 price target on shares of Starwood Property Trust in a research report on Monday, August 17th. Keefe, Bruyette & Woods decreased their price objective on shares of Starwood Property Trust from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday. Wall Street Zen raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Citigroup restated a “market outperform” rating on shares of Starwood Property Trust in a research note on Monday, October 26th. Finally, Zacks Research raised shares of Starwood Property Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Starwood Property Trust presently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Read Our Latest Stock Analysis on STWD

Key Stories Impacting Starwood Property Trust

Here are the key news stories impacting Starwood Property Trust this week:

Starwood Property Trust Stock Performance

Shares of STWD traded down $0.84 during mid-day trading on Friday, reaching $12.04. The company’s stock had a trading volume of 11,538,286 shares, compared to its average volume of 5,973,494. Starwood Property Trust, Inc. has a 1-year low of $11.84 and a 1-year high of $18.66. The stock has a market cap of $4.46 billion, a P/E ratio of 20.41, a PEG ratio of 1.75 and a beta of 1.03. The business has a 50-day simple moving average of $13.77 and a two-hundred day simple moving average of $16.41. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 3.47.

Starwood Property Trust (NYSE:STWD – Get Free Report) last issued its earnings results on Friday, November 6th. The real estate investment trust reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. The company had revenue of $545.85 million during the quarter, compared to the consensus estimate of $531.80 million. Starwood Property Trust had a return on equity of 7.85% and a net margin of 11.35%. The firm’s revenue for the quarter was down 22.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 EPS. As a group, equities research analysts anticipate that Starwood Property Trust, Inc. will post 1.33 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.92 annualized dividend and a yield of 15.9%. Starwood Property Trust’s dividend payout ratio (DPR) is currently 325.42%.

Starwood Property Trust Profile

(Free Report)

Starwood Property Trust, Inc is a real estate investment trust that focuses on commercial real estate finance and related investments. The company originates, acquires, and manages a range of real estate debt and equity investments, serving institutional borrowers, property owners, and developers.

Its portfolio and lending activities include senior mortgage loans, mezzanine debt, subordinated loans, preferred equity, commercial mortgage-backed securities, and other structured real estate investments.

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

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