Herbst Group LLC Decreases Stock Position in Starwood Property Trust, Inc. (NYSE:STWD)

Herbst Group LLC lowered its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,065 shares of the real estate investment trust’s stock after selling 2,875 shares during the period. Herbst Group LLC’s holdings in Starwood Property Trust were worth $987,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in shares of Starwood Property Trust by 6.4% during the second quarter. Envestnet Asset Management Inc. now owns 316,834 shares of the real estate investment trust’s stock valued at $6,001,000 after buying an additional 19,031 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in Starwood Property Trust by 10.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 34,948 shares of the real estate investment trust’s stock worth $658,000 after purchasing an additional 3,366 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Starwood Property Trust by 17.3% in the 2nd quarter. Blair William & Co. IL now owns 311,270 shares of the real estate investment trust’s stock worth $5,895,000 after purchasing an additional 45,979 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Starwood Property Trust by 3.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 70,896 shares of the real estate investment trust’s stock valued at $1,343,000 after purchasing an additional 2,467 shares in the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new position in shares of Starwood Property Trust during the second quarter valued at about $1,126,000. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Trading Up 0.7 %

Starwood Property Trust stock opened at $19.39 on Friday. Starwood Property Trust, Inc. has a one year low of $18.12 and a one year high of $21.19. The business’s fifty day moving average is $19.57 and its 200 day moving average is $19.82. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market capitalization of $6.54 billion, a PE ratio of 16.57 and a beta of 1.69.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The company had revenue of $479.50 million for the quarter, compared to the consensus estimate of $488.63 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 earnings per share. On average, sell-side analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Starwood Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.90%. The ex-dividend date of this dividend was Tuesday, December 31st. Starwood Property Trust’s dividend payout ratio is 164.10%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods decreased their price objective on Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price target on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. UBS Group lifted their price objective on Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Finally, JMP Securities reduced their price target on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Starwood Property Trust has an average rating of “Moderate Buy” and an average price target of $22.19.

Starwood Property Trust Profile

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.