Ladenburg Thalmann Financial Services Inc. trimmed its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 18.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,157 shares of the real estate investment trust’s stock after selling 21,853 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Starwood Property Trust were worth $2,074,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. American International Group Inc. acquired a new position in shares of Starwood Property Trust during the fourth quarter worth approximately $114,000. Assetmark Inc. lifted its position in shares of Starwood Property Trust by 465.2% during the fourth quarter. Assetmark Inc. now owns 5,319 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 4,378 shares in the last quarter. First Manhattan Co. lifted its position in shares of Starwood Property Trust by 38.3% during the fourth quarter. First Manhattan Co. now owns 8,885 shares of the real estate investment trust’s stock worth $189,000 after purchasing an additional 2,460 shares in the last quarter. Tortoise Investment Management LLC acquired a new position in shares of Starwood Property Trust during the third quarter worth approximately $215,000. Finally, CAPROCK Group Inc. acquired a new position in shares of Starwood Property Trust during the fourth quarter worth approximately $230,000. 70.53% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on STWD. Zacks Investment Research upgraded shares of Starwood Property Trust from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Thursday. B. Riley reiterated a “buy” rating and set a $24.00 target price on shares of Starwood Property Trust in a research report on Monday, November 27th. Finally, ValuEngine upgraded shares of Starwood Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $24.00.
Starwood Property Trust (NYSE:STWD) last announced its earnings results on Wednesday, February 28th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.02. Starwood Property Trust had a net margin of 45.55% and a return on equity of 12.57%. The company had revenue of $242.80 million for the quarter, compared to analyst estimates of $236.60 million. During the same period in the prior year, the business earned $0.53 earnings per share. Starwood Property Trust’s quarterly revenue was up 31.6% on a year-over-year basis. research analysts anticipate that Starwood Property Trust, Inc. will post 2.08 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be issued a $0.48 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.92 annualized dividend and a yield of 9.18%. Starwood Property Trust’s dividend payout ratio is currently 127.15%.
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Starwood Property Trust Company Profile
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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