Seneca House Advisors Sells 3,350 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Seneca House Advisors reduced its position in Starwood Property Trust, Inc. (NYSE:STWD) by 0.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 391,425 shares of the real estate investment trust’s stock after selling 3,350 shares during the quarter. Starwood Property Trust makes up about 3.4% of Seneca House Advisors’ holdings, making the stock its 11th largest position. Seneca House Advisors owned about 0.12% of Starwood Property Trust worth $7,977,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Starwood Property Trust during the first quarter worth $26,000. Altshuler Shaham Ltd purchased a new stake in shares of Starwood Property Trust in the second quarter worth about $28,000. Core Wealth Advisors Inc. purchased a new stake in shares of Starwood Property Trust in the fourth quarter worth about $32,000. Quarry LP bought a new position in shares of Starwood Property Trust in the second quarter valued at approximately $36,000. Finally, Salem Investment Counselors Inc. grew its stake in Starwood Property Trust by 80.0% during the first quarter. Salem Investment Counselors Inc. now owns 1,800 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. BTIG Research restated a “buy” rating and set a $24.00 price target on shares of Starwood Property Trust in a research report on Friday, July 19th. Wolfe Research began coverage on Starwood Property Trust in a research note on Tuesday, June 25th. They issued a “peer perform” rating on the stock. Keefe, Bruyette & Woods raised Starwood Property Trust from a “market perform” rating to an “outperform” rating and raised their price target for the company from $20.50 to $22.50 in a report on Thursday, September 5th. Wells Fargo & Company boosted their price objective on Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. raised their target price on shares of Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $22.36.

Starwood Property Trust Trading Up 0.6 %

Shares of NYSE STWD traded up $0.11 during midday trading on Friday, reaching $19.97. The company had a trading volume of 2,006,020 shares, compared to its average volume of 3,221,882. The firm’s fifty day moving average price is $20.09 and its 200-day moving average price is $19.76. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 2.80. Starwood Property Trust, Inc. has a one year low of $17.07 and a one year high of $22.29. The stock has a market cap of $6.33 billion, a PE ratio of 14.37 and a beta of 1.70.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. The firm had revenue of $489.80 million for the quarter, compared to analysts’ expectations of $505.23 million. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. The business’s revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the business earned $0.47 earnings per share. On average, equities research analysts anticipate that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current year.

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.61%. The ex-dividend date of this dividend is Monday, September 30th. Starwood Property Trust’s payout ratio is 138.13%.

Starwood Property Trust Profile

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.