Elevation Point Wealth Partners LLC Has $544,000 Stock Position in Starwood Property Trust, Inc. $STWD

Elevation Point Wealth Partners LLC lowered its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 72.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,717 shares of the real estate investment trust’s stock after selling 82,655 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Starwood Property Trust were worth $544,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in STWD. AQR Capital Management LLC raised its stake in Starwood Property Trust by 70.1% during the 1st quarter. AQR Capital Management LLC now owns 36,396 shares of the real estate investment trust’s stock valued at $720,000 after purchasing an additional 15,001 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Starwood Property Trust by 23.9% in the 1st quarter. NewEdge Advisors LLC now owns 19,606 shares of the real estate investment trust’s stock valued at $388,000 after purchasing an additional 3,784 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Starwood Property Trust by 99.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,450 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 3,721 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Starwood Property Trust by 42.7% during the second quarter. EverSource Wealth Advisors LLC now owns 5,535 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 1,657 shares during the period. Finally, Baird Financial Group Inc. boosted its holdings in shares of Starwood Property Trust by 3.3% during the second quarter. Baird Financial Group Inc. now owns 113,306 shares of the real estate investment trust’s stock worth $2,274,000 after purchasing an additional 3,577 shares during the period. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Price Performance

Shares of NYSE:STWD opened at $16.45 on Thursday. The business has a 50-day moving average of $17.09 and a two-hundred day moving average of $17.67. Starwood Property Trust, Inc. has a fifty-two week low of $16.29 and a fifty-two week high of $21.05. The company has a debt-to-equity ratio of 3.31, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $6.10 billion, a P/E ratio of 17.14, a P/E/G ratio of 2.19 and a beta of 0.98.

Starwood Property Trust (NYSE:STWD) last announced its earnings results on Friday, May 8th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The company had revenue of $205.55 million for 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 firm’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 earned $0.45 EPS. On average, equities research analysts predict that Starwood Property Trust, Inc. will post 1.55 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.92 dividend on an annualized basis and a yield of 11.7%. Starwood Property Trust’s payout ratio is currently 200.00%.

Wall Street Analyst Weigh In

Several research firms have weighed in on STWD. Weiss Ratings lowered shares of Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. decreased their target price on shares of Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Keefe, Bruyette & Woods lowered their price target on shares of Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Wall Street Zen downgraded shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Finally, UBS Group started coverage on Starwood Property Trust in a report on Tuesday, June 2nd. They set a “buy” rating and a $20.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.70.

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.