Oppenheimer & Co. Inc. Has $854,000 Stake in Starwood Property Trust, Inc. $STWD

Oppenheimer & Co. Inc. decreased its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 48.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,408 shares of the real estate investment trust’s stock after selling 44,138 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Starwood Property Trust were worth $854,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D raised its position in shares of Starwood Property Trust by 2.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 530,575 shares of the real estate investment trust’s stock worth $9,556,000 after purchasing an additional 15,122 shares during the period. M&T Bank Corp acquired a new position in shares of Starwood Property Trust in the 4th quarter valued at approximately $195,000. Pictet Asset Management Holding SA grew its position in shares of Starwood Property Trust by 16.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 54,536 shares of the real estate investment trust’s stock valued at $982,000 after purchasing an additional 7,548 shares during the period. Carmel Capital Partners LLC grew its position in shares of Starwood Property Trust by 63.8% in the 4th quarter. Carmel Capital Partners LLC now owns 181,676 shares of the real estate investment trust’s stock valued at $3,272,000 after purchasing an additional 70,767 shares during the period. Finally, Sanctuary Advisors LLC grew its position in shares of Starwood Property Trust by 27.4% in the 4th quarter. Sanctuary Advisors LLC now owns 17,742 shares of the real estate investment trust’s stock valued at $320,000 after purchasing an additional 3,818 shares during the period. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Stock Down 1.6%

NYSE:STWD opened at $18.04 on Friday. 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 company has a market cap of $6.69 billion, a PE ratio of 15.55, a PEG ratio of 2.39 and a beta of 1.02. Starwood Property Trust, Inc. has a 52-week low of $16.90 and a 52-week high of $21.05. The stock has a 50-day simple moving average of $17.79 and a 200 day simple moving average of $18.08.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The business had revenue of $284.49 million during the quarter, compared to the consensus estimate of $469.53 million. Starwood Property Trust had a return on equity of 8.16% and a net margin of 22.32%.Starwood Property Trust’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the company earned $0.48 earnings per share. On average, sell-side analysts expect that Starwood Property Trust, Inc. will post 1.69 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $0.48 per share. The ex-dividend date was Tuesday, March 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.6%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 165.52%.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Bank of America reiterated a “neutral” rating and issued a $19.00 price objective on shares of Starwood Property Trust in a research report on Friday, March 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Starwood Property Trust in a research report on Monday, April 20th. Zacks Research upgraded Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Keefe, Bruyette & Woods decreased their price objective on Starwood Property Trust from $20.50 to $20.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Starwood Property Trust has a consensus rating of “Hold” and a consensus price target of $19.80.

Insider Activity

In related news, Director Jeffrey G. Dishner sold 7,013 shares of the 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 approximately $2,880,443.76. This trade represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.