Starwood Property Trust, Inc. (STWD) Shares Sold by Old West Investment Management LLC

Old West Investment Management LLC lowered its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 14.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,112 shares of the real estate investment trust’s stock after selling 12,751 shares during the quarter. Old West Investment Management LLC’s holdings in Starwood Property Trust were worth $1,609,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings 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 buying an additional 1,156,034 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Starwood Property Trust in the 2nd quarter worth about $8,055,000. Timbercreek Asset Management Ltd. increased its holdings in shares of Starwood Property Trust by 177.7% in the 2nd quarter. Timbercreek Asset Management Ltd. now owns 456,289 shares of the real estate investment trust’s stock worth $10,216,000 after buying an additional 292,000 shares during the last quarter. Aperio Group LLC increased its holdings in shares of Starwood Property Trust by 143.6% in the 3rd quarter. Aperio Group LLC now owns 477,482 shares of the real estate investment trust’s stock worth $10,371,000 after buying an additional 281,469 shares during the last quarter. Finally, LSV Asset Management increased its holdings in shares of Starwood Property Trust by 4.4% in 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 last quarter. Institutional investors and hedge funds own 67.53% of the company’s stock.

In other Starwood Property Trust news, COO Andrew Jay Sossen sold 11,270 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $21.94, for a total value of $247,263.80. Following the transaction, the chief operating officer now directly owns 108,258 shares in the company, valued at approximately $2,375,180.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Rina Paniry sold 6,867 shares of the company’s 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 directly owns 100,026 shares of the company’s stock, valued at approximately $2,196,570.96. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.

A number of analysts have recently weighed in on STWD shares. Zacks Investment Research downgraded shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. BidaskClub downgraded shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th. ValuEngine downgraded shares of Starwood Property Trust from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. B. Riley reiterated a “buy” rating and set a $24.00 price target on shares of Starwood Property Trust in a report on Monday, November 27th. Finally, Compass Point upgraded shares of Starwood Property Trust from a “neutral” rating to a “buy” rating in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $24.00.

Shares of Starwood Property Trust, Inc. (NYSE:STWD) traded down $0.04 during trading hours on Thursday, reaching $21.64. 924,200 shares of the company traded hands, compared to its average volume of 1,766,445. The company has a market cap of $5,658.45, a P/E ratio of 10.32, a price-to-earnings-growth ratio of 2.05 and a beta of 0.51. Starwood Property Trust, Inc. has a one year low of $21.27 and a one year high of $23.01. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.47 and a quick ratio of 2.47.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.11. The business had revenue of $226.77 million for the quarter, compared to the consensus estimate of $236.76 million. Starwood Property Trust had a net margin of 52.28% and a return on equity of 11.88%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS. analysts predict that Starwood Property Trust, Inc. will post 2.12 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a $0.48 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.92 dividend on an annualized basis and a yield of 8.87%. Starwood Property Trust’s dividend payout ratio is currently 116.36%.

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Starwood Property Trust Profile

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Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

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