Rockefeller Capital Management L.P. Boosts Stock Position in Starwood Property Trust, Inc. $STWD

Rockefeller Capital Management L.P. lifted its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 22.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 764,268 shares of the real estate investment trust’s stock after purchasing an additional 141,046 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Starwood Property Trust were worth $13,764,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in STWD. MassMutual Private Wealth & Trust FSB boosted its stake in Starwood Property Trust by 106.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,449 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 746 shares during the last quarter. CENTRAL TRUST Co increased its stake in shares of 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 worth $27,000 after acquiring an additional 908 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Starwood Property Trust in the 4th quarter worth $28,000. FNY Investment Advisers LLC purchased a new position in shares of Starwood Property Trust during the 3rd quarter worth $30,000. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Starwood Property Trust during the 4th quarter worth $53,000. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

Shares of STWD stock opened at $16.65 on Thursday. The company has a debt-to-equity ratio of 3.31, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $6.17 billion, a P/E ratio of 17.34, a P/E/G ratio of 2.21 and a beta of 0.98. The firm’s 50 day moving average price is $17.41 and its 200-day moving average price is $17.80. Starwood Property Trust, Inc. has a one year low of $16.60 and a one year high of $21.05.

Starwood Property Trust (NYSE:STWD) last posted its earnings results on Friday, May 8th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). Starwood Property Trust had a net margin of 18.11% and a return on equity of 7.91%. The company had revenue of $205.55 million during the quarter, compared to analyst estimates of $496.25 million. During the same quarter last year, the business posted $0.45 EPS. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. As a group, equities research analysts predict that Starwood Property Trust, Inc. will post 1.55 EPS for the current year.

Starwood Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 11.5%. The ex-dividend date is Tuesday, June 30th. Starwood Property Trust’s payout ratio is currently 200.00%.

Starwood Property Trust declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 26th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the real estate investment trust to buy up to 6.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on STWD. Weiss Ratings lowered shares of Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Wells Fargo & Company reduced 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 Thursday, February 26th. JPMorgan Chase & Co. decreased 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 report on Thursday, April 16th. UBS Group started coverage on shares of Starwood Property Trust in a research note on Tuesday, June 2nd. They issued a “buy” rating and a $20.00 price target for the company. Finally, Keefe, Bruyette & Woods cut their price target on shares of Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.70.

Insider Transactions at Starwood Property Trust

In related news, Director Jeffrey G. Dishner sold 7,013 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $17.13, for a total transaction of $120,132.69. Following the completion of the transaction, the director directly owned 168,152 shares in the company, valued at $2,880,443.76. This trade represents a 4.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.80% of the company’s stock.

Starwood Property Trust Company 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.