Carmel Capital Partners LLC Sells 58,222 Shares of Starwood Property Trust, Inc. $STWD

Carmel Capital Partners LLC decreased its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 34.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,909 shares of the real estate investment trust’s stock after selling 58,222 shares during the period. Starwood Property Trust accounts for about 0.9% of Carmel Capital Partners LLC’s holdings, making the stock its 22nd biggest holding. Carmel Capital Partners LLC’s holdings in Starwood Property Trust were worth $2,148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STWD. Cetera Trust Company N.A increased its position in Starwood Property Trust by 5.2% during the 2nd quarter. Cetera Trust Company N.A now owns 10,730 shares of the real estate investment trust’s stock valued at $215,000 after purchasing an additional 530 shares during the period. GAMMA Investing LLC boosted its stake in shares of Starwood Property Trust by 14.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,235 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 547 shares during the last quarter. Park Avenue Securities LLC increased its position in shares of Starwood Property Trust by 3.5% during the third quarter. Park Avenue Securities LLC now owns 16,776 shares of the real estate investment trust’s stock worth $325,000 after buying an additional 562 shares during the period. IFP Advisors Inc raised its stake in Starwood Property Trust by 14.3% during the second quarter. IFP Advisors Inc now owns 4,664 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 583 shares during the last quarter. Finally, Crux Wealth Advisors lifted its holdings in Starwood Property Trust by 2.6% in the second quarter. Crux Wealth Advisors now owns 24,987 shares of the real estate investment trust’s stock valued at $501,000 after buying an additional 643 shares during the period. 49.82% of the stock is owned by institutional investors and hedge funds.

Starwood Property Trust Stock Down 0.1%

Shares of NYSE:STWD opened at $18.36 on Friday. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.33 and a current ratio of 1.33. Starwood Property Trust, Inc. has a 52-week low of $16.59 and a 52-week high of $21.05. The business’s 50 day simple moving average is $18.26 and its two-hundred day simple moving average is $19.12. The firm has a market cap of $6.80 billion, a P/E ratio of 17.49 and a beta of 1.13.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Monday, November 10th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.04). Starwood Property Trust had a net margin of 20.28% and a return on equity of 8.41%. The firm had revenue of $247.87 million for the quarter, compared to the consensus estimate of $479.70 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. As a group, research analysts forecast that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend was Wednesday, December 31st. Starwood Property Trust’s dividend payout ratio (DPR) is 182.86%.

Analysts Set New Price Targets

STWD has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. Zacks Research upgraded Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Starwood Property Trust in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Wednesday, November 12th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.63.

Starwood Property Trust Profile

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.