Elkfork Partners LLC cut its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 46.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,072 shares of the real estate investment trust’s stock after selling 24,090 shares during the quarter. Elkfork Partners LLC’s holdings in Starwood Property Trust were worth $638,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC purchased a new stake in shares of Starwood Property Trust during the second quarter worth about $27,000. Sandy Spring Bank purchased a new stake in shares of Starwood Property Trust during the second quarter worth about $28,000. Patriot Financial Group Insurance Agency LLC increased its position in shares of Starwood Property Trust by 118.3% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,552 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 841 shares during the last quarter. Penserra Capital Management LLC acquired a new position in Starwood Property Trust in the first quarter worth about $38,000. Finally, Meridian Wealth Management LLC acquired a new position in Starwood Property Trust in the second quarter worth about $45,000. 62.74% of the stock is currently owned by institutional investors.
NYSE:STWD opened at $24.30 on Friday. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 11.52 and a beta of 0.59. Starwood Property Trust, Inc. has a one year low of $19.16 and a one year high of $24.96. The stock has a 50-day simple moving average of $23.91 and a 200 day simple moving average of $23.05. The company has a debt-to-equity ratio of 2.29, a quick ratio of 2.61 and a current ratio of 2.61.
Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. The business had revenue of $351.99 million during the quarter, compared to the consensus estimate of $308.00 million. Starwood Property Trust had a return on equity of 10.51% and a net margin of 31.15%. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period last year, the firm earned $0.54 earnings per share. On average, equities research analysts forecast that Starwood Property Trust, Inc. will post 1.84 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.48 dividend. The ex-dividend date is Friday, September 27th. This represents a $1.92 dividend on an annualized basis and a yield of 7.90%. Starwood Property Trust’s payout ratio is currently 91.00%.
A number of equities analysts recently commented on the company. Raymond James lifted their price target on Starwood Property Trust from $24.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. Zacks Investment Research upgraded Starwood Property Trust from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Wednesday, August 28th.
In other Starwood Property Trust news, President Jeffrey F. Dimodica sold 30,000 shares of Starwood Property Trust stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $23.74, for a total value of $712,200.00. Following the completion of the transaction, the president now directly owns 305,765 shares in the company, valued at $7,258,861.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Rina Paniry sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $24.01, for a total value of $312,130.00. Following the transaction, the chief financial officer now owns 199,927 shares of the company’s stock, valued at $4,800,247.27. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.
About Starwood Property Trust
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.
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