Natixis Advisors LLC Sells 30,174 Shares of Starwood Property Trust, Inc. $STWD

Natixis Advisors LLC trimmed its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 10.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 264,095 shares of the real estate investment trust’s stock after selling 30,174 shares during the quarter. Natixis Advisors LLC owned about 0.07% of Starwood Property Trust worth $4,756,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of STWD. MassMutual Private Wealth & Trust FSB lifted its position in shares of Starwood Property Trust by 106.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,449 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 746 shares during the period. CENTRAL TRUST Co lifted its position in shares of Starwood Property Trust by 154.4% during the 4th quarter. CENTRAL TRUST Co now owns 1,496 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 908 shares during the period. Jackson Grant Investment Advisers Inc. bought a new stake in shares of Starwood Property Trust during the 3rd quarter valued at $29,000. FNY Investment Advisers LLC bought a new stake in shares of Starwood Property Trust during the 3rd quarter valued at $30,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Starwood Property Trust during the 4th quarter valued at $53,000. 49.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on STWD. UBS Group began coverage on Starwood Property Trust in a research 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 research report on Monday, May 11th. Wells Fargo & Company dropped their price objective on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Keefe, Bruyette & Woods dropped their price objective on Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Finally, Zacks Research downgraded Starwood Property Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Starwood Property Trust currently has an average rating of “Hold” and a consensus target price of $19.70.

Starwood Property Trust Price Performance

Shares of STWD stock opened at $16.84 on Tuesday. 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 has a market cap of $6.24 billion, a P/E ratio of 17.54, a P/E/G ratio of 2.41 and a beta of 0.99. Starwood Property Trust, Inc. has a twelve month low of $16.76 and a twelve month high of $21.05. The business has a fifty day simple moving average of $17.54 and a 200 day simple moving average of $17.91.

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). The firm had revenue of $205.55 million during the quarter, compared to the consensus estimate of $496.25 million. Starwood Property Trust had a net margin of 18.11% and a return on equity of 7.91%. Starwood Property Trust’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 earnings per share. On average, sell-side analysts forecast that Starwood Property Trust, Inc. will post 1.57 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a $0.48 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $1.92 annualized dividend and a yield of 11.4%. Starwood Property Trust’s dividend payout ratio (DPR) is currently 200.00%.

Starwood Property Trust announced that its Board of Directors has authorized a stock repurchase 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 buy up to 6.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Starwood Property Trust 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 value 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.