Greenwich Investment Management Inc. decreased its position in Starwood Property Trust, Inc. (NYSE:STWD) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 205,974 shares of the real estate investment trust’s stock after selling 3,446 shares during the period. Starwood Property Trust comprises approximately 6.3% of Greenwich Investment Management Inc.’s portfolio, making the stock its 2nd largest position. Greenwich Investment Management Inc.’s holdings in Starwood Property Trust were worth $4,397,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. New York State Common Retirement Fund grew its stake in Starwood Property Trust by 1.7% in the 3rd quarter. New York State Common Retirement Fund now owns 563,500 shares of the real estate investment trust’s stock valued at $12,239,000 after buying an additional 9,500 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Starwood Property Trust by 8.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,098,663 shares of the real estate investment trust’s stock valued at $23,457,000 after purchasing an additional 83,981 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its position in shares of Starwood Property Trust by 43.2% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 127,181 shares of the real estate investment trust’s stock valued at $2,762,000 after purchasing an additional 38,374 shares in the last quarter. ACG Wealth bought a new position in shares of Starwood Property Trust during the third quarter valued at about $300,000. Finally, Mackenzie Financial Corp lifted its position in shares of Starwood Property Trust by 5.4% during the third quarter. Mackenzie Financial Corp now owns 417,937 shares of the real estate investment trust’s stock valued at $9,078,000 after purchasing an additional 21,275 shares in the last quarter. 70.65% of the stock is owned by institutional investors.
Several equities analysts recently commented on STWD shares. Zacks Investment Research raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. B. Riley reaffirmed a “buy” rating and set a $24.00 price objective on shares of Starwood Property Trust in a research note on Thursday, January 25th. Finally, ValuEngine raised shares of Starwood Property Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Starwood Property Trust currently has a consensus rating of “Buy” and an average price target of $24.00.
Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Wednesday, February 28th. The real estate investment trust reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The company had revenue of $242.80 million during the quarter, compared to analysts’ expectations of $236.60 million. Starwood Property Trust had a net margin of 45.55% and a return on equity of 12.57%. Starwood Property Trust’s revenue for the quarter was up 31.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 earnings per share. equities analysts forecast that Starwood Property Trust, Inc. will post 2.07 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be paid a dividend of $0.48 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.92 annualized dividend and a yield of 9.06%. Starwood Property Trust’s dividend payout ratio is currently 127.15%.
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About Starwood Property Trust
Starwood Property Trust, Inc is a real estate investment trust. The Company operates through three business segments: Real estate lending (the Lending Segment), which engages primarily in originating, acquiring, financing and managing commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, and other real estate and real estate-related debt investments; Real estate investing and servicing (the Investing and Servicing Segment), which includes a servicing business in the United States that manages and works out problem assets; an investment business that selectively acquires and manages unrated, investment grade and non-investment grade rated CMBS, and a mortgage loan business, and Real estate property (the Property Segment), which engages primarily in acquiring and managing equity interests in stabilized commercial real estate properties.
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