Davidson Investment Advisors Reduces Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Davidson Investment Advisors lessened its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 49.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 352,933 shares of the real estate investment trust’s stock after selling 343,446 shares during the period. Davidson Investment Advisors owned 0.13% of Starwood Property Trust worth $8,548,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northern Oak Wealth Management Inc. lifted its holdings in Starwood Property Trust by 2.8% during the 3rd quarter. Northern Oak Wealth Management Inc. now owns 16,593 shares of the real estate investment trust’s stock worth $402,000 after purchasing an additional 459 shares in the last quarter. Private Capital Group LLC lifted its holdings in Starwood Property Trust by 14.9% during the 2nd quarter. Private Capital Group LLC now owns 3,685 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 479 shares in the last quarter. Essex Financial Services Inc. lifted its holdings in Starwood Property Trust by 4.2% during the 2nd quarter. Essex Financial Services Inc. now owns 12,500 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 500 shares in the last quarter. Canal Capital Management LLC lifted its holdings in Starwood Property Trust by 4.7% during the 3rd quarter. Canal Capital Management LLC now owns 12,822 shares of the real estate investment trust’s stock worth $311,000 after purchasing an additional 578 shares in the last quarter. Finally, Mirador Capital Partners LP lifted its holdings in Starwood Property Trust by 5.0% during the 2nd quarter. Mirador Capital Partners LP now owns 12,794 shares of the real estate investment trust’s stock worth $291,000 after purchasing an additional 607 shares in the last quarter. 62.83% of the stock is currently owned by hedge funds and other institutional investors.

NYSE STWD traded down $0.02 during trading on Tuesday, reaching $24.15. The company’s stock had a trading volume of 7,917 shares, compared to its average volume of 1,208,826. The stock has a market capitalization of $6.83 billion, a PE ratio of 11.45 and a beta of 0.57. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.91 and a quick ratio of 2.61. The firm has a fifty day moving average of $24.35 and a 200 day moving average of $23.44. Starwood Property Trust, Inc. has a one year low of $19.16 and a one year high of $24.96.

Starwood Property Trust (NYSE:STWD) last announced its earnings results on Friday, November 8th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The business had revenue of $288.33 million for the quarter, compared to analyst estimates of $327.04 million. Starwood Property Trust had a return on equity of 10.49% and a net margin of 34.61%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. Research analysts expect that Starwood Property Trust, Inc. will post 1.75 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.92 annualized dividend and a dividend yield of 7.95%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 91.00%.

STWD has been the topic of a number of research analyst reports. Raymond James upped their target price on Starwood Property Trust from $24.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. Zacks Investment Research lowered Starwood Property Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th.

In other news, President Jeffrey F. Dimodica sold 30,000 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $23.74, for a total transaction of $712,200.00. Following the transaction, the president now directly owns 305,765 shares in the company, valued at approximately $7,258,861.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Rina Paniry sold 13,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $24.01, for a total value of $312,130.00. Following the transaction, the chief financial officer now owns 199,927 shares in the company, valued at $4,800,247.27. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.

Starwood Property Trust 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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Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

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