Atria Wealth Solutions Inc. Sells 36,755 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Atria Wealth Solutions Inc. reduced its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 41.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 51,393 shares of the real estate investment trust’s stock after selling 36,755 shares during the period. Atria Wealth Solutions Inc.’s holdings in Starwood Property Trust were worth $1,016,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Northern Trust Corp lifted its position in shares of Starwood Property Trust by 16.2% during the fourth quarter. Northern Trust Corp now owns 5,287,030 shares of the real estate investment trust’s stock worth $100,189,000 after purchasing an additional 736,699 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Starwood Property Trust during the fourth quarter worth $48,841,000. Adage Capital Partners GP L.L.C. lifted its position in shares of Starwood Property Trust by 17.8% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,648,904 shares of the real estate investment trust’s stock worth $31,247,000 after purchasing an additional 248,904 shares during the last quarter. Leeward Investments LLC MA lifted its position in shares of Starwood Property Trust by 1.2% during the first quarter. Leeward Investments LLC MA now owns 1,324,081 shares of the real estate investment trust’s stock worth $26,177,000 after purchasing an additional 15,874 shares during the last quarter. Finally, Valley Wealth Managers Inc. lifted its position in shares of Starwood Property Trust by 6.6% during the first quarter. Valley Wealth Managers Inc. now owns 1,052,023 shares of the real estate investment trust’s stock worth $20,798,000 after purchasing an additional 65,370 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors.

Starwood Property Trust Stock Down 0.7%

Shares of NYSE STWD opened at $19.73 on Tuesday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 2.90. The stock has a market capitalization of $7.25 billion, a PE ratio of 18.10 and a beta of 1.26. The stock’s fifty day simple moving average is $20.14 and its two-hundred day simple moving average is $19.69. Starwood Property Trust, Inc. has a 12-month low of $16.59 and a 12-month high of $21.17.

Starwood Property Trust (NYSE:STWD) last announced its earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The business had revenue of $444.28 million for the quarter, compared to analysts’ expectations of $477.00 million. Starwood Property Trust had a return on equity of 8.72% and a net margin of 20.58%. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 EPS. As a group, analysts expect that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Starwood Property Trust’s payout ratio is currently 176.15%.

Analysts Set New Price Targets

STWD has been the subject of several research reports. JPMorgan Chase & Co. upped their target price on Starwood Property Trust from $19.00 to $19.50 and gave the stock an “overweight” rating in a report on Monday, May 12th. Wall Street Zen upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Saturday. UBS Group upped their target price on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods upped their target price on Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.70.

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.