Starwood Property Trust Sees Unusually High Options Volume (STWD)

Starwood Property Trust, Inc. (NYSE:STWD) was the recipient of some unusual options trading on Friday. Investors acquired 3,308 call options on the stock. This represents an increase of approximately Infinity compared to the average daily volume of 0 call options.

Shares of Starwood Property Trust (NYSE STWD) opened at $21.61 on Monday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.49. Starwood Property Trust has a 52-week low of $21.11 and a 52-week high of $23.01. The company has a market capitalization of $5,630.66, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 2.19 and a beta of 0.52.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.01. Starwood Property Trust had a return on equity of 11.39% and a net margin of 55.89%. The company had revenue of $211.57 million during the quarter, compared to the consensus estimate of $244.13 million. During the same quarter last year, the company earned $0.50 EPS. sell-side analysts expect that Starwood Property Trust will post 1.98 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a $0.48 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.88%. Starwood Property Trust’s dividend payout ratio is currently 109.09%.

In related news, CFO Rina Paniry sold 6,867 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $21.96, for a total transaction of $150,799.32. Following the completion of the sale, the chief financial officer now owns 100,026 shares in the company, valued at approximately $2,196,570.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Andrew Jay Sossen sold 11,270 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $21.94, for a total value of $247,263.80. Following the sale, the chief operating officer now owns 108,258 shares of the company’s stock, valued at approximately $2,375,180.52. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Starwood Property Trust by 5.5% in the 2nd quarter. Vanguard Group Inc. now owns 22,179,781 shares of the real estate investment trust’s stock worth $496,604,000 after acquiring an additional 1,156,034 shares during the period. Neuberger Berman Group LLC lifted its position in shares of Starwood Property Trust by 2.9% in the 2nd quarter. Neuberger Berman Group LLC now owns 7,631,024 shares of the real estate investment trust’s stock worth $170,859,000 after acquiring an additional 215,564 shares during the period. LSV Asset Management lifted its position in shares of Starwood Property Trust by 4.4% during the 2nd quarter. LSV Asset Management now owns 5,296,409 shares of the real estate investment trust’s stock worth $118,586,000 after buying an additional 223,100 shares during the period. Boston Partners lifted its position in shares of Starwood Property Trust by 10.7% during the 3rd quarter. Boston Partners now owns 1,259,369 shares of the real estate investment trust’s stock worth $27,353,000 after buying an additional 121,545 shares during the period. Finally, Dana Investment Advisors Inc. lifted its position in shares of Starwood Property Trust by 12.3% during the 2nd quarter. Dana Investment Advisors Inc. now owns 1,253,373 shares of the real estate investment trust’s stock worth $28,063,000 after buying an additional 136,958 shares during the period. Institutional investors own 68.76% of the company’s stock.

Several brokerages recently weighed in on STWD. Zacks Investment Research upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. BidaskClub downgraded Starwood Property Trust from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Compass Point upgraded Starwood Property Trust from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 25th. Finally, ValuEngine upgraded Starwood Property Trust from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $24.00.

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