Starwood Property Trust, Inc. $STWD Shares Sold by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC lowered its position in Starwood Property Trust, Inc. (NYSE:STWD) by 52.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,426 shares of the real estate investment trust’s stock after selling 83,884 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in Starwood Property Trust were worth $1,480,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in shares of Starwood Property Trust by 70.1% in the 1st quarter. AQR Capital Management LLC now owns 36,396 shares of the real estate investment trust’s stock valued at $720,000 after acquiring an additional 15,001 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Starwood Property Trust by 23.9% in the first quarter. NewEdge Advisors LLC now owns 19,606 shares of the real estate investment trust’s stock worth $388,000 after acquiring an additional 3,784 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Starwood Property Trust by 11.4% during the second quarter. Envestnet Asset Management Inc. now owns 492,685 shares of the real estate investment trust’s stock worth $9,888,000 after purchasing an additional 50,247 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Starwood Property Trust by 26.0% during the second quarter. Bank of Montreal Can now owns 66,633 shares of the real estate investment trust’s stock worth $1,337,000 after purchasing an additional 13,741 shares during the last quarter. Finally, Prospera Financial Services Inc lifted its position in Starwood Property Trust by 4.4% during the second quarter. Prospera Financial Services Inc now owns 19,654 shares of the real estate investment trust’s stock valued at $395,000 after purchasing an additional 837 shares during the period. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Stock Down 0.4%

STWD stock opened at $17.96 on Monday. Starwood Property Trust, Inc. has a one year low of $16.59 and a one year high of $21.05. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.68 and a current ratio of 1.68. The firm’s fifty day moving average is $18.14 and its 200 day moving average is $18.68. The firm has a market cap of $6.66 billion, a PE ratio of 15.48 and a beta of 1.10.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Starwood Property Trust had a net margin of 22.32% and a return on equity of 8.16%. The business had revenue of $492.95 million during the quarter, compared to the consensus estimate of $469.53 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The company’s revenue was up 8.5% compared to the same quarter last year. On average, research analysts forecast that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Starwood Property Trust announced that its Board of Directors has approved a stock repurchase plan on Thursday, February 26th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase up to 6.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.92 dividend on an annualized basis and a yield of 10.7%. Starwood Property Trust’s dividend payout ratio is presently 165.52%.

Analysts Set New Price Targets

Several research firms have commented on STWD. Keefe, Bruyette & Woods lowered their price target on shares of Starwood Property Trust from $20.50 to $20.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Zacks Research raised Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Starwood Property Trust in a research note on Wednesday, January 21st. Wells Fargo & Company dropped their target price on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. Finally, Bank of America reiterated a “neutral” rating and set a $19.00 price target on shares of Starwood Property Trust in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Starwood Property Trust has a consensus rating of “Hold” and a consensus price target of $19.90.

Starwood Property Trust Profile

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.