Norges Bank acquired a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD – Free Report) in the 4th quarter, HoldingsChannel reports. The firm acquired 4,174,202 shares of the real estate investment trust’s stock, valued at approximately $75,177,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its position in Starwood Property Trust by 106.1% during 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 purchasing an additional 746 shares during the last quarter. CENTRAL TRUST Co increased its position in shares of 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 acquiring an additional 908 shares during the last quarter. Jackson Grant Investment Advisers Inc. acquired a new stake in shares of Starwood Property Trust during the third quarter valued at about $29,000. FNY Investment Advisers LLC acquired a new stake in shares of Starwood Property Trust during the third quarter valued at about $30,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Starwood Property Trust during the fourth quarter valued at about $53,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Starwood Property Trust
In related news, Director Jeffrey G. Dishner sold 7,013 shares of Starwood Property Trust stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $17.13, for a total value of $120,132.69. Following the completion of the transaction, the director owned 168,152 shares in the company, valued at approximately $2,880,443.76. The trade was a 4.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.80% of the company’s stock.
Starwood Property Trust Price Performance
Starwood Property Trust (NYSE:STWD – Get Free Report) last announced its quarterly earnings data on Friday, May 8th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The business had revenue of $205.55 million during the quarter, compared to analyst estimates of $496.25 million. Starwood Property Trust had a net margin of 18.11% and a return on equity of 7.91%. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS. As a group, analysts forecast that Starwood Property Trust, Inc. will post 1.57 EPS for the current year.
Starwood Property Trust declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 26th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the real estate investment trust to buy up to 6.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
Starwood Property Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.48 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 11.3%. Starwood Property Trust’s payout ratio is 200.00%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on STWD. Keefe, Bruyette & Woods dropped their price target on shares of Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Zacks Research cut shares of Starwood Property Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. UBS Group began coverage on shares of Starwood Property Trust in a research report on Tuesday. They set a “buy” rating and a $20.00 price target for the company. JPMorgan Chase & Co. dropped their price target on shares of Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Finally, Wells Fargo & Company dropped their price target on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Starwood Property Trust has an average rating of “Hold” and a consensus target price of $19.70.
View Our Latest Stock Report on STWD
About Starwood Property Trust
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.
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