Starwood Property Trust, Inc. $STWD Shares Sold by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC decreased its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 52.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 76,426 shares of the real estate investment trust’s stock after selling 83,884 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in Starwood Property Trust were worth $1,480,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in Starwood Property Trust by 70.1% in the 1st quarter. AQR Capital Management LLC now owns 36,396 shares of the real estate investment trust’s stock worth $720,000 after acquiring an additional 15,001 shares in the last quarter. NewEdge Advisors LLC raised its position in Starwood Property Trust by 23.9% during the first quarter. NewEdge Advisors LLC now owns 19,606 shares of the real estate investment trust’s stock worth $388,000 after acquiring an additional 3,784 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Starwood Property Trust by 11.4% during the second quarter. Envestnet Asset Management Inc. now owns 492,685 shares of the real estate investment trust’s stock valued at $9,888,000 after purchasing an additional 50,247 shares in the last quarter. Bank of Montreal Can lifted its holdings in Starwood Property Trust by 26.0% during the second quarter. Bank of Montreal Can now owns 66,633 shares of the real estate investment trust’s stock valued at $1,337,000 after purchasing an additional 13,741 shares in the last quarter. Finally, Prospera Financial Services Inc grew its position in shares of Starwood Property Trust by 4.4% in the second quarter. Prospera Financial Services Inc now owns 19,654 shares of the real estate investment trust’s stock valued at $395,000 after purchasing an additional 837 shares during the period. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Price Performance

Starwood Property Trust stock opened at $17.96 on Monday. The company has a fifty day simple moving average of $18.14 and a 200-day simple moving average of $18.68. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 15.48 and a beta of 1.10. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 3.10. Starwood Property Trust, Inc. has a 52-week low of $16.59 and a 52-week high of $21.05.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.01. The firm had revenue of $492.95 million for the quarter, compared to the consensus estimate of $469.53 million. Starwood Property Trust had a net margin of 22.32% and a return on equity of 8.16%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the firm posted $0.48 earnings per share. On average, equities analysts anticipate 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 issued a $0.48 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.92 dividend on an annualized basis and a yield of 10.7%. Starwood Property Trust’s dividend payout ratio is presently 165.52%.

Starwood Property Trust declared that its Board of Directors has authorized a stock buyback program on Thursday, February 26th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to purchase up to 6.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wells Fargo & Company cut their target price on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. Keefe, Bruyette & Woods decreased their price target on shares of Starwood Property Trust from $20.50 to $20.00 and set an “outperform” rating on the stock in a research note on Monday, March 2nd. Zacks Research upgraded Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Starwood Property Trust in a research note on Wednesday, January 21st. Finally, Bank of America reissued a “neutral” rating and set a $19.00 target price on shares of Starwood Property Trust in a report on Friday. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Starwood Property Trust has an average rating of “Hold” and a consensus target price of $19.90.

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.