Seven Grand Managers LLC Has $9.01 Million Stock Position in Starwood Property Trust, Inc. $STWD

Seven Grand Managers LLC trimmed its position in Starwood Property Trust, Inc. (NYSE:STWD) by 50.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 500,000 shares of the real estate investment trust’s stock after selling 500,000 shares during the period. Seven Grand Managers LLC’s holdings in Starwood Property Trust were worth $9,005,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of STWD. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Starwood Property Trust by 106.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,449 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 746 shares during the last quarter. CENTRAL TRUST Co raised its stake in Starwood Property Trust by 154.4% during the 4th quarter. CENTRAL TRUST Co now owns 1,496 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 908 shares during the last quarter. Cloud Capital Management LLC acquired a new position in Starwood Property Trust during the 3rd quarter valued at $29,000. Jackson Grant Investment Advisers Inc. acquired a new position in Starwood Property Trust during the 3rd quarter valued at $29,000. Finally, FNY Investment Advisers LLC acquired a new position in Starwood Property Trust during the 3rd quarter valued at $30,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wells Fargo & Company cut their target price on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. Keefe, Bruyette & Woods cut their target price on shares of Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. JPMorgan Chase & Co. cut their target price on shares of Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Bank of America reiterated a “neutral” rating and set a $19.00 target price on shares of Starwood Property Trust in a research note on Friday, March 6th. Finally, Weiss Ratings cut shares of Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Starwood Property Trust currently has a consensus rating of “Hold” and an average target price of $19.70.

Starwood Property Trust Trading Down 0.3%

Shares of Starwood Property Trust stock opened at $17.32 on Thursday. The firm has a market capitalization of $6.42 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02. The company has a debt-to-equity ratio of 3.31, a current ratio of 1.57 and a quick ratio of 1.57. The company’s fifty day moving average price is $17.62 and its two-hundred day moving average price is $17.96. Starwood Property Trust, Inc. has a 52-week low of $16.81 and a 52-week high of $21.05.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). The business had revenue of $205.55 million during the quarter, compared to the consensus estimate of $496.25 million. Starwood Property Trust had a net margin of 18.11% and a return on equity of 7.91%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. On average, analysts expect that Starwood Property Trust, Inc. will post 1.57 EPS for the current year.

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 11.1%. The ex-dividend date of this dividend was Tuesday, March 31st. Starwood Property Trust’s payout ratio is 200.00%.

Starwood Property Trust announced that its Board of Directors has initiated a stock buyback plan on Thursday, February 26th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to reacquire up to 6.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Starwood Property Trust

In other Starwood Property Trust news, Director Jeffrey G. Dishner sold 7,013 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $17.13, for a total value of $120,132.69. Following the sale, the director owned 168,152 shares of the company’s stock, valued at $2,880,443.76. The trade was a 4.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.80% of the stock is owned by company insiders.

Starwood Property Trust Profile

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.