BigSur Wealth Management LLC Reduces Position in Starwood Property Trust, Inc. (NYSE:STWD)

BigSur Wealth Management LLC cut its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 31.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,200 shares of the real estate investment trust’s stock after selling 4,150 shares during the period. BigSur Wealth Management LLC’s holdings in Starwood Property Trust were worth $213,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Neuberger Berman Group LLC lifted its holdings in Starwood Property Trust by 0.8% during the 1st quarter. Neuberger Berman Group LLC now owns 5,417,963 shares of the real estate investment trust’s stock valued at $121,092,000 after buying an additional 43,615 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Starwood Property Trust by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 2,998,356 shares of the real estate investment trust’s stock valued at $59,281,000 after buying an additional 183,447 shares in the last quarter. Raymond James & Associates lifted its holdings in Starwood Property Trust by 37.5% during the 1st quarter. Raymond James & Associates now owns 2,531,966 shares of the real estate investment trust’s stock valued at $56,589,000 after buying an additional 691,038 shares in the last quarter. Norges Bank bought a new stake in Starwood Property Trust during the 4th quarter valued at about $45,527,000. Finally, Boston Partners lifted its holdings in Starwood Property Trust by 2.5% during the 1st quarter. Boston Partners now owns 2,279,577 shares of the real estate investment trust’s stock valued at $50,949,000 after buying an additional 55,985 shares in the last quarter. 64.59% of the stock is owned by hedge funds and other institutional investors.

STWD traded up $0.13 on Tuesday, reaching $23.13. 1,318,100 shares of the company traded hands, compared to its average volume of 1,634,945. Starwood Property Trust, Inc. has a one year low of $19.16 and a one year high of $23.37. The firm has a fifty day moving average price of $22.91. The firm has a market capitalization of $6.46 billion, a P/E ratio of 10.96 and a beta of 0.58. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 2.27.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.24). Starwood Property Trust had a net margin of 30.74% and a return on equity of 10.53%. The business had revenue of $310.50 million during the quarter, compared to the consensus estimate of $302.52 million. During the same quarter in the prior year, the firm posted $0.58 EPS. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. Equities research analysts expect that Starwood Property Trust, Inc. will post 1.76 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.48 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.92 annualized dividend and a dividend yield of 8.30%. Starwood Property Trust’s dividend payout ratio is currently 91.00%.

Separately, Zacks Investment Research lowered shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Starwood Property Trust has an average rating of “Buy” and a consensus target price of $24.25.

About Starwood Property Trust

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.

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

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