Starwood Property Trust, Inc. (STWD) Shares Sold by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. cut its position in Starwood Property Trust, Inc. (NYSE:STWD) by 44.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 156,057 shares of the real estate investment trust’s stock after selling 123,617 shares during the quarter. Chevy Chase Trust Holdings Inc. owned approximately 0.06% of Starwood Property Trust worth $3,389,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of STWD. Bronfman E.L. Rothschild L.P. grew its stake in Starwood Property Trust by 1.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,375 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 87 shares during the last quarter. Penserra Capital Management LLC grew its position in Starwood Property Trust by 10.0% in the 2nd quarter. Penserra Capital Management LLC now owns 6,453 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 586 shares during the last quarter. ClariVest Asset Management LLC grew its position in Starwood Property Trust by 26.6% in the 2nd quarter. ClariVest Asset Management LLC now owns 6,506 shares of the real estate investment trust’s stock worth $146,000 after purchasing an additional 1,366 shares during the last quarter. Ffcm LLC grew its position in Starwood Property Trust by 108.2% in the 2nd quarter. Ffcm LLC now owns 7,253 shares of the real estate investment trust’s stock worth $164,000 after purchasing an additional 3,769 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Starwood Property Trust by 5.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,039 shares of the real estate investment trust’s stock worth $180,000 after purchasing an additional 438 shares during the last quarter. Institutional investors and hedge funds own 67.52% of the company’s stock.

Several research firms have issued reports on STWD. BidaskClub upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Zacks Investment Research upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. B. Riley restated a “buy” rating and issued a $24.00 price target on shares of Starwood Property Trust in a research report on Tuesday, November 21st. Finally, ValuEngine upgraded shares of Starwood Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $24.00.

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

Starwood Property Trust, Inc. (NYSE:STWD) traded up $0.13 during midday trading on Friday, reaching $21.80. 2,280,986 shares of the company’s stock traded hands, compared to its average volume of 1,186,479. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 1.68. The firm has a market cap of $5,689.78, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51. Starwood Property Trust, Inc. has a 52 week low of $21.27 and a 52 week high of $23.01.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a $0.48 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.92 annualized dividend and a yield of 8.81%. Starwood Property Trust’s dividend payout ratio is 116.36%.

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Starwood Property Trust Company Profile

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

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