B. Riley Wealth Advisors Inc. Sells 20,976 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

B. Riley Wealth Advisors Inc. lowered its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 14.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 121,286 shares of the real estate investment trust’s stock after selling 20,976 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Starwood Property Trust were worth $2,355,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in Starwood Property Trust in the first quarter worth $26,000. ICA Group Wealth Management LLC bought a new position in Starwood Property Trust in the 4th quarter worth $28,000. Altshuler Shaham Ltd purchased a new stake in shares of Starwood Property Trust in the 2nd quarter worth about $28,000. Core Wealth Advisors Inc. purchased a new stake in shares of Starwood Property Trust in the 4th quarter worth about $32,000. Finally, Quarry LP bought a new stake in shares of Starwood Property Trust during the 2nd quarter valued at about $36,000. 49.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. BTIG Research reissued a “buy” rating and issued a $24.00 price target on shares of Starwood Property Trust in a research note on Friday, July 19th. Wells Fargo & Company raised their target price on Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Wolfe Research began coverage on Starwood Property Trust in a research report on Tuesday, June 25th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. increased their price objective on Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $20.50 to $22.50 in a report on Thursday, September 5th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.36.

Starwood Property Trust Stock Down 1.7 %

Shares of NYSE:STWD opened at $20.03 on Wednesday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.80. The stock has a fifty day simple moving average of $20.08 and a two-hundred day simple moving average of $19.76. Starwood Property Trust, Inc. has a 12-month low of $17.07 and a 12-month high of $22.29. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 14.41 and a beta of 1.70.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. Starwood Property Trust had a return on equity of 10.03% and a net margin of 17.05%. The firm had revenue of $489.80 million during the quarter, compared to analyst estimates of $505.23 million. During the same quarter in the previous year, the firm earned $0.47 EPS. Starwood Property Trust’s quarterly revenue was down 5.0% compared to the same quarter last year. On average, research analysts anticipate that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.92 annualized dividend and a dividend yield of 9.59%. Starwood Property Trust’s dividend payout ratio is presently 138.13%.

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.