Grange Capital LLC Cuts Holdings in Starwood Property Trust, Inc. $STWD

Grange Capital LLC lowered its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 24.7% during the first quarter, HoldingsChannel.com reports. The fund owned 193,534 shares of the real estate investment trust’s stock after selling 63,333 shares during the period. Starwood Property Trust accounts for about 3.3% of Grange Capital LLC’s portfolio, making the stock its 9th biggest position. Grange Capital LLC’s holdings in Starwood Property Trust were worth $3,333,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB raised its position in shares of Starwood Property Trust by 106.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,449 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 746 shares during the period. CENTRAL TRUST Co boosted its position in Starwood Property Trust by 154.4% during the 4th quarter. CENTRAL TRUST Co now owns 1,496 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 908 shares during the period. Los Angeles Capital Management LLC bought a new position in Starwood Property Trust during the 4th quarter worth $28,000. FNY Investment Advisers LLC acquired a new stake in Starwood Property Trust in the third quarter worth $30,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in Starwood Property Trust in the fourth quarter worth $53,000. 49.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

STWD has been the topic of a number of recent research reports. Wall Street Zen cut Starwood Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday. Keefe, Bruyette & Woods lowered their price target on shares of Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Zacks Research raised shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. cut their price objective on shares of Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Finally, UBS Group started coverage on shares of Starwood Property Trust in a research note on Tuesday, June 2nd. They set a “buy” rating and a $20.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.70.

Starwood Property Trust Stock Up 1.5%

Shares of Starwood Property Trust stock opened at $16.73 on Tuesday. The company has a debt-to-equity ratio of 3.31, a current ratio of 1.57 and a quick ratio of 1.57. Starwood Property Trust, Inc. has a 1-year low of $16.29 and a 1-year high of $21.05. The business’s fifty day moving average price is $17.16 and its two-hundred day moving average price is $17.70. The company has a market capitalization of $6.20 billion, a P/E ratio of 17.43, a PEG ratio of 2.17 and a beta of 0.98.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). The business had revenue of $205.55 million during the quarter, compared to the consensus estimate of $496.25 million. Starwood Property Trust had a return on equity of 7.91% and a net margin of 18.11%.The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 EPS. As a group, research analysts forecast that Starwood Property Trust, Inc. will post 1.55 EPS for the current year.

Starwood Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date is Tuesday, June 30th. Starwood Property Trust’s dividend payout ratio is currently 200.00%.

Starwood Property Trust Company 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.