Barry Investment Advisors LLC trimmed its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 3.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 576,204 shares of the real estate investment trust’s stock after selling 19,784 shares during the quarter. Starwood Property Trust makes up 4.5% of Barry Investment Advisors LLC’s holdings, making the stock its 5th biggest holding. Barry Investment Advisors LLC owned about 0.21% of Starwood Property Trust worth $13,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of STWD. Norges Bank purchased a new stake in shares of Starwood Property Trust in the fourth quarter valued at approximately $45,527,000. Raymond James & Associates increased its position in Starwood Property Trust by 37.5% during the first quarter. Raymond James & Associates now owns 2,531,966 shares of the real estate investment trust’s stock worth $56,589,000 after purchasing an additional 691,038 shares during the last quarter. Timbercreek Investment Management Inc. increased its position in Starwood Property Trust by 79.0% during the second quarter. Timbercreek Investment Management Inc. now owns 933,789 shares of the real estate investment trust’s stock worth $21,150,000 after purchasing an additional 412,100 shares during the last quarter. Resource America Inc. acquired a new stake in shares of Starwood Property Trust in the first quarter worth $6,146,000. Finally, Grassi Investment Management increased its position in shares of Starwood Property Trust by 1,055.6% in the first quarter. Grassi Investment Management now owns 298,150 shares of the real estate investment trust’s stock worth $6,664,000 after acquiring an additional 272,350 shares in the last quarter. Institutional investors own 63.79% of the company’s stock.
Separately, Zacks Investment Research raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $24.25.
Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. Starwood Property Trust had a net margin of 31.15% and a return on equity of 10.51%. The company had revenue of $351.99 million for the quarter, compared to the consensus estimate of $308.00 million. During the same period last year, the firm posted $0.54 EPS. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. Analysts forecast that Starwood Property Trust, Inc. will post 1.76 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.48 per share. The ex-dividend date is Friday, September 27th. This represents a $1.92 annualized dividend and a yield of 8.11%. Starwood Property Trust’s payout ratio is 91.00%.
Starwood Property Trust Company Profile
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.
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