Pacad Investment Ltd. Takes $369,000 Position in Starwood Property Trust, Inc. (STWD)

Pacad Investment Ltd. bought a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 16,500 shares of the real estate investment trust’s stock, valued at approximately $369,000.

Other hedge funds have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. increased its stake in Starwood Property Trust by 1.0% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 5,288 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 50 shares during the last quarter. Penserra Capital Management LLC increased its stake in Starwood Property Trust by 52.3% during the first quarter. Penserra Capital Management LLC now owns 5,867 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 2,015 shares during the last quarter. ClariVest Asset Management LLC increased its stake in Starwood Property Trust by 26.6% during the second quarter. ClariVest Asset Management LLC now owns 6,506 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 1,366 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Starwood Property Trust by 5.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,039 shares of the real estate investment trust’s stock valued at $180,000 after purchasing an additional 438 shares during the last quarter. Finally, Catalyst Capital Advisors LLC increased its stake in Starwood Property Trust by 88.9% during the first quarter. Catalyst Capital Advisors LLC now owns 8,500 shares of the real estate investment trust’s stock valued at $192,000 after purchasing an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Shares of Starwood Property Trust, Inc. (STWD) opened at 21.96 on Friday. Starwood Property Trust, Inc. has a 12-month low of $21.11 and a 12-month high of $23.32. The firm’s 50-day moving average price is $22.04 and its 200 day moving average price is $22.26. The firm has a market cap of $5.70 billion, a P/E ratio of 12.61 and a beta of 0.53.

Starwood Property Trust (NYSE:STWD) last issued its 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 return on equity of 11.39% and a net margin of 55.89%. The firm had revenue of $211.57 million for the quarter, compared to analysts’ expectations of $244.13 million. During the same quarter last year, the business earned $0.50 earnings per share. On average, equities analysts expect that Starwood Property Trust, Inc. will post $2.10 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 8.74%. The ex-dividend date of this dividend is Thursday, September 28th. Starwood Property Trust’s dividend payout ratio (DPR) is presently 109.09%.

Several analysts have weighed in on STWD shares. BidaskClub upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Zacks Investment Research downgraded shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, ValuEngine downgraded shares of Starwood Property Trust from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.33.

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

About Starwood Property Trust

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

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