NFC Investments LLC Raises Holdings in Starwood Property Trust, Inc. (STWD)

NFC Investments LLC grew its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 1.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 604,033 shares of the real estate investment trust’s stock after purchasing an additional 10,275 shares during the quarter. Starwood Property Trust accounts for 4.8% of NFC Investments LLC’s investment portfolio, making the stock its 7th biggest position. NFC Investments LLC owned 0.23% of Starwood Property Trust worth $13,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of STWD. Clough Capital Partners L P lifted its stake in shares of Starwood Property Trust by 107.0% during the first quarter. Clough Capital Partners L P now owns 3,651,545 shares of the real estate investment trust’s stock worth $81,341,000 after purchasing an additional 1,887,782 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Starwood Property Trust by 8.4% during the first quarter. Vanguard Group Inc. now owns 21,023,747 shares of the real estate investment trust’s stock worth $474,716,000 after purchasing an additional 1,635,444 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Starwood Property Trust during the first quarter worth about $11,294,000. Bank of Montreal Can lifted its stake in shares of Starwood Property Trust by 1,026.9% during the second quarter. Bank of Montreal Can now owns 510,500 shares of the real estate investment trust’s stock worth $11,430,000 after purchasing an additional 465,198 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Starwood Property Trust by 920.0% in the second quarter. Acadian Asset Management LLC now owns 424,706 shares of the real estate investment trust’s stock worth $9,507,000 after acquiring an additional 383,068 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

In related news, COO Andrew Jay Sossen sold 11,270 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $21.94, for a total value of $247,263.80. Following the completion of the sale, the chief operating officer now owns 108,258 shares in the company, valued at $2,375,180.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Rina Paniry sold 6,867 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $21.96, for a total transaction of $150,799.32. Following the completion of the sale, the chief financial officer now owns 100,026 shares of the company’s stock, valued at approximately $2,196,570.96. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.

Starwood Property Trust, Inc. (NYSE STWD) traded down 0.64% on Friday, hitting $21.65. The company had a trading volume of 1,253,792 shares. The stock has a market cap of $5.62 billion, a P/E ratio of 12.44 and a beta of 0.53. The firm’s 50 day moving average price is $21.98 and its 200 day moving average price is $22.21. Starwood Property Trust, Inc. has a 12-month low of $21.11 and a 12-month high of $23.01.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. Starwood Property Trust had a net margin of 55.89% and a return on equity of 11.39%. The company had revenue of $211.57 million during the quarter, compared to analysts’ expectations of $244.13 million. During the same period in the prior year, the company earned $0.50 earnings per share. Equities analysts predict that Starwood Property Trust, Inc. will post $2.10 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 8.87%. The ex-dividend date of this dividend is Thursday, September 28th. Starwood Property Trust’s payout ratio is presently 109.09%.

STWD has been the topic of several recent analyst reports. BidaskClub upgraded Starwood Property Trust from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. ValuEngine upgraded Starwood Property Trust from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.00.

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Starwood Property Trust Profile

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

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