KMG Fiduciary Partners LLC Sells 169,655 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

KMG Fiduciary Partners LLC decreased its position in Starwood Property Trust, Inc. (NYSE:STWD) by 59.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 116,595 shares of the real estate investment trust’s stock after selling 169,655 shares during the period. KMG Fiduciary Partners LLC’s holdings in Starwood Property Trust were worth $2,376,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Starwood Property Trust by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 28,852,499 shares of the real estate investment trust’s stock valued at $606,480,000 after acquiring an additional 72,461 shares during the last quarter. Van ECK Associates Corp grew its stake in Starwood Property Trust by 9.5% in the 1st quarter. Van ECK Associates Corp now owns 1,250,425 shares of the real estate investment trust’s stock valued at $25,421,000 after purchasing an additional 108,371 shares during the period. Principal Financial Group Inc. grew its position in Starwood Property Trust by 2.6% during the first quarter. Principal Financial Group Inc. now owns 1,120,227 shares of the real estate investment trust’s stock valued at $22,774,000 after buying an additional 27,911 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Starwood Property Trust by 6.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 884,126 shares of the real estate investment trust’s stock worth $17,974,000 after buying an additional 50,649 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Starwood Property Trust by 0.4% in the second quarter. Rhumbline Advisers now owns 865,410 shares of the real estate investment trust’s stock worth $16,391,000 after acquiring an additional 3,259 shares during the period. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

NYSE STWD opened at $20.33 on Friday. The company’s 50 day simple moving average is $20.18 and its two-hundred day simple moving average is $19.74. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.84 and a quick ratio of 1.84. Starwood Property Trust, Inc. has a 1 year low of $17.07 and a 1 year high of $22.29. The stock has a market capitalization of $6.44 billion, a PE ratio of 18.65 and a beta of 1.70.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. Starwood Property Trust had a return on equity of 10.03% and a net margin of 17.05%. The company had revenue of $489.80 million for the quarter, compared to the consensus estimate of $505.23 million. During the same quarter last year, the business posted $0.47 earnings per share. The firm’s revenue was down 5.0% compared to the same quarter last year. Analysts predict that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.48 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 9.45%. Starwood Property Trust’s dividend payout ratio is presently 176.15%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on STWD shares. Wells Fargo & Company increased their target price on shares of Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. BTIG Research restated a “buy” rating and issued a $24.00 price objective on shares of Starwood Property Trust in a research note on Friday, July 19th. Wolfe Research assumed coverage on shares of Starwood Property Trust in a report on Tuesday, June 25th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. lifted their target price on shares of Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Finally, Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and upped their price target for the company from $20.50 to $22.50 in a research note on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Starwood Property Trust has a consensus rating of “Moderate Buy” and a consensus target price of $22.36.

About Starwood Property Trust

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.