Starwood Property Trust, Inc. $STWD Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. reduced its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 48.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 181,347 shares of the real estate investment trust’s stock after selling 172,495 shares during the quarter. Edgestream Partners L.P.’s holdings in Starwood Property Trust were worth $3,123,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantum Portfolio Management LLC grew its position in shares of Starwood Property Trust by 882,760.9% during the 1st quarter. Quantum Portfolio Management LLC now owns 112,176,302 shares of the real estate investment trust’s stock valued at $1,931,676,000 after buying an additional 112,163,596 shares during the last quarter. Geode Capital Management LLC raised its stake in Starwood Property Trust by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 6,406,419 shares of the real estate investment trust’s stock worth $115,453,000 after acquiring an additional 148,740 shares during the period. Northern Trust Corp raised its stake in Starwood Property Trust by 1.2% during the third quarter. Northern Trust Corp now owns 5,387,358 shares of the real estate investment trust’s stock worth $104,353,000 after acquiring an additional 64,178 shares during the period. Norges Bank bought a new position in Starwood Property Trust in the fourth quarter worth about $75,177,000. Finally, Advisors Capital Management LLC lifted its holdings in Starwood Property Trust by 157.3% in the fourth quarter. Advisors Capital Management LLC now owns 3,702,935 shares of the real estate investment trust’s stock worth $66,690,000 after acquiring an additional 2,263,856 shares during the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.

Starwood Property Trust Trading Down 1.6%

Shares of NYSE:STWD opened at $15.97 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.31. The company’s 50-day moving average price is $16.75 and its 200 day moving average price is $17.46. The company has a market cap of $5.92 billion, a PE ratio of 16.64, a P/E/G ratio of 2.16 and a beta of 0.98. Starwood Property Trust, Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $20.84.

Starwood Property Trust (NYSE:STWD) last posted its earnings results on Friday, May 8th. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). Starwood Property Trust had a return on equity of 7.91% and a net margin of 18.11%.The firm had revenue of $205.55 million during the quarter, compared to the consensus estimate of $496.25 million. During the same quarter last year, the company posted $0.45 EPS. Starwood Property Trust’s revenue for the quarter was up 22.5% on a year-over-year basis. Sell-side analysts anticipate that Starwood Property Trust, Inc. will post 1.51 earnings per share for the current year.

Starwood Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.48 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.92 annualized dividend and a dividend yield of 12.0%. Starwood Property Trust’s payout ratio is currently 200.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on STWD shares. UBS Group started coverage on Starwood Property Trust in a report on Tuesday, June 2nd. They set a “buy” rating and a $20.00 target price for the company. Weiss Ratings downgraded Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. JPMorgan Chase & Co. cut their price target on Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Zacks Research upgraded Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Finally, Keefe, Bruyette & Woods lowered their price objective on Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $19.70.

About Starwood Property Trust

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.