Belpointe Asset Management LLC Has $305,000 Holdings in Starwood Property Trust, Inc. $STWD

Belpointe Asset Management LLC lessened its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 7.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,219 shares of the real estate investment trust’s stock after selling 1,249 shares during the quarter. Belpointe Asset Management LLC’s holdings in Starwood Property Trust were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of STWD. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Starwood Property Trust during the 2nd quarter worth approximately $765,811,000. Boston Partners bought a new position in shares of Starwood Property Trust during the 1st quarter worth approximately $9,643,000. HighTower Advisors LLC lifted its position in shares of Starwood Property Trust by 10.7% during the 1st quarter. HighTower Advisors LLC now owns 1,993,652 shares of the real estate investment trust’s stock worth $39,414,000 after buying an additional 193,417 shares during the period. Northern Trust Corp lifted its position in shares of Starwood Property Trust by 3.6% during the 1st quarter. Northern Trust Corp now owns 5,479,313 shares of the real estate investment trust’s stock worth $108,326,000 after buying an additional 192,283 shares during the period. Finally, Great Lakes Advisors LLC bought a new position in shares of Starwood Property Trust during the 1st quarter worth approximately $3,711,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on STWD. Wall Street Zen upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Keefe, Bruyette & Woods raised their target price on Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Zacks Research downgraded Starwood Property Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. UBS Group raised their target price on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Starwood Property Trust in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Starwood Property Trust currently has a consensus rating of “Moderate Buy” and an average price target of $21.13.

Starwood Property Trust Trading Down 0.5%

Shares of STWD opened at $18.41 on Friday. The stock has a fifty day moving average price of $19.92 and a two-hundred day moving average price of $19.73. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.61 and a current ratio of 1.61. Starwood Property Trust, Inc. has a 52-week low of $16.59 and a 52-week high of $21.05. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 16.89 and a beta of 1.29.

Starwood Property Trust (NYSE:STWD) last released its earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $444.28 million during the quarter, compared to the consensus estimate of $477.00 million. Starwood Property Trust had a return on equity of 8.72% and a net margin of 20.58%.The firm’s quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 earnings per share. Analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.48 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.4%. Starwood Property Trust’s payout ratio is presently 176.15%.

Starwood Property Trust 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.