Grassi Investment Management Sells 1,500 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Grassi Investment Management decreased its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 4.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,700 shares of the real estate investment trust’s stock after selling 1,500 shares during the period. Grassi Investment Management’s holdings in Starwood Property Trust were worth $706,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its holdings in Starwood Property Trust by 21.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 35,553 shares of the real estate investment trust’s stock worth $674,000 after buying an additional 6,288 shares during the last quarter. MAS Advisors LLC boosted its stake in Starwood Property Trust by 5.6% during the fourth quarter. MAS Advisors LLC now owns 13,958 shares of the real estate investment trust’s stock valued at $264,000 after buying an additional 734 shares during the period. Retirement Systems of Alabama raised its stake in Starwood Property Trust by 1.0% in the fourth quarter. Retirement Systems of Alabama now owns 389,460 shares of the real estate investment trust’s stock valued at $7,380,000 after purchasing an additional 3,788 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Starwood Property Trust by 16.9% during the 4th quarter. Bleakley Financial Group LLC now owns 31,046 shares of the real estate investment trust’s stock worth $588,000 after acquiring an additional 4,496 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Starwood Property Trust by 11.2% during the 4th quarter. Empowered Funds LLC now owns 12,941 shares of the real estate investment trust’s stock valued at $245,000 after buying an additional 1,308 shares in the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

Analyst Ratings Changes

STWD has been the topic of several analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. UBS Group reissued a “neutral” rating and set a $19.50 price objective (up previously from $19.00) on shares of Starwood Property Trust in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Starwood Property Trust from $19.00 to $19.50 and gave the stock an “overweight” rating in a report on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.83.

Starwood Property Trust Stock Performance

Shares of Starwood Property Trust stock opened at $19.94 on Thursday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $6.77 billion, a PE ratio of 17.04 and a beta of 1.26. The stock’s fifty day moving average is $19.11 and its two-hundred day moving average is $19.49. Starwood Property Trust, Inc. has a 52 week low of $16.59 and a 52 week high of $21.17.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings results on Friday, May 9th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The firm had revenue of $418.18 million during the quarter, compared to the consensus estimate of $469.00 million. During the same quarter in the prior year, the business posted $0.59 earnings per share. As a group, analysts expect that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.

Starwood Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.63%. The ex-dividend date was Monday, March 31st. Starwood Property Trust’s dividend payout ratio (DPR) is 202.11%.

Starwood Property Trust Company 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.