Starwood Property Trust, Inc. $STWD Holdings Trimmed by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. reduced its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 20.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 214,523 shares of the real estate investment trust’s stock after selling 56,734 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Starwood Property Trust were worth $3,694,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of Starwood Property Trust by 106.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,449 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 746 shares during the period. CENTRAL TRUST Co raised its position in Starwood Property Trust by 154.4% during the fourth quarter. CENTRAL TRUST Co now owns 1,496 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 908 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Starwood Property Trust in the 4th quarter worth about $28,000. FNY Investment Advisers LLC purchased a new stake in Starwood Property Trust in the 3rd quarter worth about $30,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in Starwood Property Trust during the 4th quarter worth about $53,000. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Analysts Set New Price Targets

STWD has been the topic of several research analyst reports. Wall Street Zen cut Starwood Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. UBS Group began coverage on shares of Starwood Property Trust in a report on Tuesday, June 2nd. They set a “buy” rating and a $20.00 price target for the company. Weiss Ratings downgraded shares of Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Keefe, Bruyette & Woods dropped their price objective on shares of Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Finally, Zacks Research raised Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Starwood Property Trust presently has an average rating of “Moderate Buy” and a consensus price target of $19.70.

Starwood Property Trust Stock Performance

Shares of NYSE STWD opened at $16.64 on Wednesday. The business’s 50-day simple moving average is $16.96 and its 200-day simple moving average is $17.62. The company has a debt-to-equity ratio of 3.31, a quick ratio of 1.57 and a current ratio of 1.57. Starwood Property Trust, Inc. has a 52 week low of $16.29 and a 52 week high of $20.94. The firm has a market cap of $6.17 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 2.17 and a beta of 0.98.

Starwood Property Trust (NYSE:STWD) last posted its earnings results on Friday, May 8th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). The company had revenue of $205.55 million during 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 firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 earnings per share. As a group, equities research analysts expect that Starwood Property Trust, Inc. will post 1.55 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

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 11.5%. 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 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.