MeadowBrook Investment Advisors LLC Sells 1,155 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

MeadowBrook Investment Advisors LLC lessened its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 6.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,375 shares of the real estate investment trust’s stock after selling 1,155 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in Starwood Property Trust were worth $344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of STWD. Alpine Bank Wealth Management bought a new position in shares of Starwood Property Trust during the 1st quarter valued at $25,000. PSI Advisors LLC bought a new stake in Starwood Property Trust during the first quarter valued at about $28,000. Quarry LP purchased a new position in shares of Starwood Property Trust during the fourth quarter valued at about $31,000. Hurley Capital LLC purchased a new position in shares of Starwood Property Trust during the fourth quarter valued at about $36,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Starwood Property Trust by 83.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,881 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 854 shares in the last quarter. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

NYSE:STWD opened at $20.72 on Wednesday. The company has a fifty day simple moving average of $19.94 and a two-hundred day simple moving average of $19.54. The company has a market cap of $7.03 billion, a price-to-earnings ratio of 21.81 and a beta of 1.24. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.73. 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 data on Friday, May 9th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). The firm had revenue of $418.18 million for the quarter, compared to analysts’ expectations of $469.00 million. Starwood Property Trust had a return on equity of 8.87% and a net margin of 17.26%. During the same period last year, the firm posted $0.59 earnings per share. As a group, equities analysts anticipate that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 30th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.92 annualized dividend and a yield of 9.27%. Starwood Property Trust’s dividend payout ratio is presently 202.11%.

Wall Street Analyst Weigh In

Several research analysts recently commented on STWD shares. JPMorgan Chase & Co. lifted their price target on Starwood Property Trust from $19.00 to $19.50 and gave the stock an “overweight” rating in a research report on Monday, May 12th. UBS Group reissued a “neutral” rating and issued 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, Keefe, Bruyette & Woods reduced their price target on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Monday, April 7th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Starwood Property Trust has a consensus rating of “Moderate Buy” and a consensus target price of $21.83.

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.