Employees Retirement System of Texas Acquires Shares of 175,000 Starwood Property Trust, Inc. (NYSE:STWD)

Employees Retirement System of Texas acquired a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 175,000 shares of the real estate investment trust’s stock, valued at approximately $3,918,000. Employees Retirement System of Texas owned approximately 0.07% of Starwood Property Trust as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. lifted its holdings in Starwood Property Trust by 1.6% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,375 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 87 shares during the period. Penserra Capital Management LLC raised its position in shares of Starwood Property Trust by 10.0% in the 2nd quarter. Penserra Capital Management LLC now owns 6,453 shares of the real estate investment trust’s stock worth $144,000 after acquiring an additional 586 shares in the last quarter. ClariVest Asset Management LLC raised its position in shares of Starwood Property Trust by 26.6% in the 2nd quarter. ClariVest Asset Management LLC now owns 6,506 shares of the real estate investment trust’s stock worth $146,000 after acquiring an additional 1,366 shares in the last quarter. Ffcm LLC raised its position in shares of Starwood Property Trust by 108.2% in the 2nd quarter. Ffcm LLC now owns 7,253 shares of the real estate investment trust’s stock worth $164,000 after acquiring an additional 3,769 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Starwood Property Trust by 5.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,039 shares of the real estate investment trust’s stock worth $180,000 after acquiring an additional 438 shares in the last quarter. 68.57% of the stock is currently owned by institutional investors.

Starwood Property Trust, Inc. (NYSE:STWD) traded down 0.069% during trading on Tuesday, reaching $21.645. The company’s stock had a trading volume of 56,437 shares. The firm has a market cap of $5.62 billion, a PE ratio of 12.433 and a beta of 0.53. The company has a 50-day moving average of $21.91 and a 200 day moving average of $22.17. Starwood Property Trust, Inc. has a one year low of $21.11 and a one year high of $23.01.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.01. Starwood Property Trust had a net margin of 55.89% and a return on equity of 11.39%. The firm had revenue of $211.57 million for the quarter, compared to the consensus estimate of $244.13 million. During the same period in the prior year, the firm posted $0.50 earnings per share. Analysts expect that Starwood Property Trust, Inc. will post $2.10 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 8.86%. The ex-dividend date of this dividend was Thursday, September 28th. Starwood Property Trust’s dividend payout ratio (DPR) is presently 109.09%.

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In other Starwood Property Trust news, COO Andrew Jay Sossen sold 11,270 shares of the stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $21.94, for a total transaction of $247,263.80. Following the transaction, the chief operating officer now directly owns 108,258 shares of the company’s stock, valued at $2,375,180.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Rina Paniry sold 6,867 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $21.96, for a total transaction of $150,799.32. Following the completion of the sale, the chief financial officer now owns 100,026 shares of the company’s stock, valued at $2,196,570.96. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

A number of analysts recently commented on STWD shares. Zacks Investment Research lowered Starwood Property Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. BidaskClub lowered Starwood Property Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, ValuEngine raised Starwood Property Trust from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $24.00.

About Starwood Property Trust

Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

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