Starwood Property Trust (NYSE:STWD) Director Jonathan Lee Pollack Purchases 84,800 Shares of Stock

Starwood Property Trust, Inc. (NYSE:STWD) Director Jonathan Lee Pollack bought 84,800 shares of the firm’s stock in a transaction on Wednesday, November 11th. The shares were bought at an average cost of $11.88 per share, for a total transaction of $1,007,424.00. Following the purchase, the director owned 84,800 shares of the company’s stock, valued at approximately $1,007,424. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Jonathan Lee Pollack also recently made the following trade(s):

• On Wednesday, November 11th, Jonathan Lee Pollack purchased 85,000 shares of Starwood Property Trust stock. The shares were bought at an average price of $11.84 per share, with a total value of $1,006,400.00.

Starwood Property Trust Price Performance

Shares of STWD traded down $0.09 during trading hours on Friday, reaching $11.36. The stock had a trading volume of 7,261,705 shares, compared to its average volume of 6,604,194. Starwood Property Trust, Inc. has a 12 month low of $11.23 and a 12 month high of $18.66. The stock has a market capitalization of $4.13 billion, a PE ratio of -16.70, a PEG ratio of 1.59 and a beta of 1.03. The company has a debt-to-equity ratio of 3.95, a quick ratio of 1.46 and a current ratio of 1.48. The company’s 50-day moving average is $13.36 and its two-hundred day moving average is $16.24.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Friday, November 6th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $545.85 million for the quarter, compared to analyst estimates of $531.80 million. Starwood Property Trust had a positive return on equity of 7.77% and a negative net margin of 11.35%. Starwood Property Trust’s quarterly revenue was down 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. Research analysts expect that Starwood Property Trust, Inc. will post 1.33 EPS for the current year.

Starwood Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 16.9%. The ex-dividend date of this dividend was Wednesday, September 30th. Starwood Property Trust’s dividend payout ratio (DPR) is presently -282.35%.

Institutional Trading of Starwood Property Trust

A number of institutional investors have recently bought and sold shares of STWD. Caxton Associates LLP grew its holdings in Starwood Property Trust by 54.1% during the 3rd quarter. Caxton Associates LLP now owns 40,558 shares of the real estate investment trust’s stock worth $548,000 after acquiring an additional 14,237 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Starwood Property Trust by 0.4% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 311,492 shares of the real estate investment trust’s stock worth $4,205,000 after acquiring an additional 1,265 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Starwood Property Trust by 68.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 252,488 shares of the real estate investment trust’s stock valued at $3,409,000 after purchasing an additional 102,489 shares during the period. AlphaGrep UK Ltd lifted its stake in shares of Starwood Property Trust by 102.4% in the 3rd quarter. AlphaGrep UK Ltd now owns 46,100 shares of the real estate investment trust’s stock valued at $622,000 after purchasing an additional 23,326 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Starwood Property Trust by 62.4% in the 3rd quarter. First Trust Advisors LP now owns 589,900 shares of the real estate investment trust’s stock valued at $7,964,000 after purchasing an additional 226,770 shares during the period. Institutional investors own 49.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on STWD. JPMorgan Chase & Co. reduced their price target on Starwood Property Trust from $16.00 to $15.50 and set an “overweight” rating on the stock in a report on Wednesday. Citigroup reaffirmed a “market outperform” rating on shares of Starwood Property Trust in a research note on Monday, October 26th. Zacks Research upgraded shares of Starwood Property Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 20th. Weiss Ratings cut shares of Starwood Property Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Starwood Property Trust from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $17.10.

About Starwood Property Trust

Starwood Property Trust, Inc. is a real estate investment trust focused on commercial real estate finance and related investments. The company originates, acquires and manages commercial mortgage loans and other debt investments secured by commercial properties, and also invests in commercial real estate and infrastructure-related lending. Founded in 2009, Starwood Property Trust operates primarily in the United States and also conducts business in international markets, including Europe and Australia.