Starwood Property Trust, Inc. (STWD) Shares Sold by Comerica Bank

Comerica Bank lessened its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 8.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 845,963 shares of the real estate investment trust’s stock after selling 80,600 shares during the quarter. Comerica Bank owned approximately 0.32% of Starwood Property Trust worth $18,154,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Intellectus Partners LLC grew its position in Starwood Property Trust by 0.3% in the 2nd quarter. Intellectus Partners LLC now owns 21,393 shares of the real estate investment trust’s stock valued at $489,000 after acquiring an additional 65 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Starwood Property Trust by 1.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,375 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 87 shares during the period. CWA Asset Management Group LLC lifted its holdings in shares of Starwood Property Trust by 2.5% in the 2nd quarter. CWA Asset Management Group LLC now owns 10,250 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 250 shares during the period. S. R. Schill & Associates lifted its holdings in shares of Starwood Property Trust by 0.6% in the 2nd quarter. S. R. Schill & Associates now owns 52,265 shares of the real estate investment trust’s stock worth $1,170,000 after buying an additional 286 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Starwood Property Trust by 5.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,039 shares of the real estate investment trust’s stock worth $180,000 after buying an additional 438 shares during the period. 68.04% of the stock is currently owned by institutional investors.

In related news, CFO Rina Paniry sold 6,867 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $21.96, for a total transaction of $150,799.32. Following the completion of the sale, the chief financial officer now directly owns 100,026 shares in the company, valued at approximately $2,196,570.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Andrew Jay Sossen sold 11,270 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $21.94, for a total value of $247,263.80. Following the sale, the chief operating officer now owns 108,258 shares of the company’s stock, valued at $2,375,180.52. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

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Several equities research analysts have weighed in on STWD shares. BidaskClub cut Starwood Property Trust from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research cut Starwood Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, ValuEngine cut Starwood Property Trust from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $24.00.

Shares of Starwood Property Trust, Inc. (NYSE STWD) traded up $0.12 during mid-day trading on Tuesday, hitting $21.65. The company’s stock had a trading volume of 2,875,100 shares, compared to its average volume of 1,797,351. Starwood Property Trust, Inc. has a twelve month low of $21.11 and a twelve month high of $23.01. The stock has a market cap of $5,650.00, a PE ratio of 10.25, a price-to-earnings-growth ratio of 2.16 and a beta of 0.37. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 1.68.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.11. Starwood Property Trust had a return on equity of 11.88% and a net margin of 52.28%. The business had revenue of $226.77 million during the quarter, compared to analysts’ expectations of $236.76 million. During the same period in the prior year, the business earned $0.59 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. analysts forecast that Starwood Property Trust, Inc. will post 1.99 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.87%. The ex-dividend date is Thursday, December 28th. Starwood Property Trust’s dividend payout ratio (DPR) is currently 115.66%.

Starwood Property Trust Profile

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

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