Starwood Property Trust, Inc. $STWD is Seneca House Advisors’ 6th Largest Position

Seneca House Advisors lifted its position in Starwood Property Trust, Inc. (NYSE:STWD) by 7.1% in the 4th quarter, Holdings Channel reports. The fund owned 584,842 shares of the real estate investment trust’s stock after buying an additional 38,911 shares during the period. Starwood Property Trust makes up approximately 3.9% of Seneca House Advisors’ investment portfolio, making the stock its 6th biggest holding. Seneca House Advisors’ holdings in Starwood Property Trust were worth $10,533,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Brown Advisory Inc. lifted its position in shares of Starwood Property Trust by 1.3% in the 4th quarter. Brown Advisory Inc. now owns 47,432 shares of the real estate investment trust’s stock valued at $854,000 after acquiring an additional 600 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Starwood Property Trust by 11.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 5,943 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 613 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Starwood Property Trust by 2.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 27,220 shares of the real estate investment trust’s stock valued at $527,000 after acquiring an additional 621 shares in the last quarter. Mutual Advisors LLC lifted its position in shares of Starwood Property Trust by 1.8% in the 4th quarter. Mutual Advisors LLC now owns 36,608 shares of the real estate investment trust’s stock valued at $659,000 after acquiring an additional 631 shares in the last quarter. Finally, Global Trust Asset Management LLC increased its stake in Starwood Property Trust by 8.2% in the 4th quarter. Global Trust Asset Management LLC now owns 8,625 shares of the real estate investment trust’s stock valued at $155,000 after buying an additional 650 shares during the period. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

Shares of STWD opened at $16.98 on Wednesday. The company’s fifty day moving average is $17.51 and its 200-day moving average is $17.87. Starwood Property Trust, Inc. has a 12 month low of $16.76 and a 12 month high of $21.05. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 2.37 and a beta of 0.98. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.31.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). The business had revenue of $205.55 million for the quarter, compared to analyst estimates of $496.25 million. Starwood Property Trust had a return on equity of 7.91% and a net margin of 18.11%.The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. Equities analysts expect that Starwood Property Trust, Inc. will post 1.57 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Starwood Property Trust’s dividend payout ratio is currently 200.00%.

Starwood Property Trust announced that its board has initiated a stock buyback program on Thursday, February 26th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the real estate investment trust to repurchase up to 6.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on STWD shares. JPMorgan Chase & Co. dropped their price objective on shares of Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Zacks Research lowered shares of Starwood Property Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Weiss Ratings lowered shares of Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. UBS Group started coverage on shares of Starwood Property Trust in a research note on Tuesday, June 2nd. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, Wells Fargo & Company dropped their price objective on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, February 26th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Starwood Property Trust presently has a consensus rating of “Hold” and an average target price of $19.70.

Insider Activity

In related news, Director Jeffrey G. Dishner sold 7,013 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $17.13, for a total transaction of $120,132.69. Following the completion of the sale, the director directly owned 168,152 shares of the company’s stock, valued at approximately $2,880,443.76. This represents a 4.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.80% of the company’s stock.

Starwood Property Trust Company Profile

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.