SummitTX Capital L.P. Sells 158,541 Shares of Starwood Property Trust, Inc. $STWD

SummitTX Capital L.P. cut its stake in Starwood Property Trust, Inc. (NYSE:STWDFree Report) by 72.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,690 shares of the real estate investment trust’s stock after selling 158,541 shares during the quarter. SummitTX Capital L.P.’s holdings in Starwood Property Trust were worth $1,045,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of STWD. CENTRAL TRUST Co raised its position in Starwood Property Trust by 154.4% in the 4th 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 last quarter. Los Angeles Capital Management LLC purchased a new position in Starwood Property Trust during the 4th quarter worth $28,000. Flagship Harbor Advisors LLC bought a new stake in shares of Starwood Property Trust in the 4th quarter worth $53,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Starwood Property Trust by 169.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,266 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 2,053 shares in the last quarter. Finally, North Star Investment Management Corp. raised its holdings in shares of Starwood Property Trust by 1,605.0% in the first quarter. North Star Investment Management Corp. now owns 3,410 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 3,210 shares during the last quarter. Institutional investors own 49.82% of the company’s stock.

Analyst Upgrades and Downgrades

STWD has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. UBS Group assumed coverage on shares of Starwood Property Trust in a research report on Tuesday, June 2nd. They issued a “buy” rating and a $20.00 price objective for the company. Keefe, Bruyette & Woods decreased their price objective on shares of Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. JPMorgan Chase & Co. dropped their target price on shares of Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Finally, Weiss Ratings downgraded Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Starwood Property Trust presently has an average rating of “Moderate Buy” and an average price target of $19.70.

Check Out Our Latest Analysis on STWD

Starwood Property Trust Stock Performance

NYSE STWD opened at $16.21 on Friday. The company’s 50 day moving average is $16.78 and its 200-day moving average is $17.47. Starwood Property Trust, Inc. has a 12-month low of $16.11 and a 12-month high of $20.84. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.31. The firm has a market cap of $6.01 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98.

Starwood Property Trust (NYSE:STWDGet Free Report) last announced its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The business had revenue of $205.55 million for the quarter, compared to analysts’ expectations of $496.25 million. Starwood Property Trust had a net margin of 18.11% and a return on equity of 7.91%. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. Sell-side analysts predict that Starwood Property Trust, Inc. will post 1.51 earnings per share for the current year.

Starwood Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.48 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.92 annualized dividend and a dividend yield of 11.8%. Starwood Property Trust’s dividend payout ratio is currently 200.00%.

About Starwood Property Trust

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

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