Starwood Property Trust, Inc. (NYSE:STWD) Shares Sold by Truist Financial Corp

Truist Financial Corp reduced its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 13.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 65,842 shares of the real estate investment trust’s stock after selling 10,524 shares during the quarter. Truist Financial Corp’s holdings in Starwood Property Trust were worth $1,247,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in STWD. Virtu Financial LLC acquired a new position in shares of Starwood Property Trust during the 4th quarter worth about $812,000. Centaurus Financial Inc. lifted its holdings in shares of Starwood Property Trust by 4.0% in the 4th quarter. Centaurus Financial Inc. now owns 39,842 shares of the real estate investment trust’s stock valued at $837,000 after purchasing an additional 1,535 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Starwood Property Trust by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 28,852,499 shares of the real estate investment trust’s stock valued at $606,480,000 after purchasing an additional 72,461 shares during the last quarter. Leo Wealth LLC purchased a new stake in shares of Starwood Property Trust in the 4th quarter valued at about $546,000. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of Starwood Property Trust by 3.5% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 147,238 shares of the real estate investment trust’s stock valued at $3,166,000 after purchasing an additional 4,976 shares during the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

STWD has been the subject of several research reports. Wells Fargo & Company boosted their target price on Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Wolfe Research assumed coverage on Starwood Property Trust in a report on Tuesday, June 25th. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. upped their price objective on Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Keefe, Bruyette & Woods raised Starwood Property Trust from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $20.50 to $22.50 in a research note on Thursday, September 5th. Finally, BTIG Research reaffirmed a “buy” rating and set a $24.00 price objective on shares of Starwood Property Trust in a research note on Friday, July 19th. Three investment 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $22.36.

Starwood Property Trust Stock Performance

Shares of STWD stock opened at $19.74 on Friday. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 14.20 and a beta of 1.70. The stock has a 50 day simple moving average of $20.09 and a 200-day simple moving average of $19.74. Starwood Property Trust, Inc. has a 12-month low of $17.07 and a 12-month high of $22.29. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.80.

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

Starwood Property Trust Dividend Announcement

The firm 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 dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.73%. The ex-dividend date is Monday, September 30th. Starwood Property Trust’s dividend payout ratio (DPR) is 138.13%.

Starwood Property Trust 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.