E&G Advisors LP Sells 2,080 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

E&G Advisors LP trimmed its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 4.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,174 shares of the real estate investment trust’s stock after selling 2,080 shares during the period. E&G Advisors LP’s holdings in Starwood Property Trust were worth $1,002,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of STWD. Raymond James & Associates increased its holdings in shares of Starwood Property Trust by 0.6% during the 3rd quarter. Raymond James & Associates now owns 1,090,325 shares of the real estate investment trust’s stock valued at $22,221,000 after acquiring an additional 6,616 shares during the last quarter. Stratos Wealth Advisors LLC grew its holdings in Starwood Property Trust by 79.1% during the third quarter. Stratos Wealth Advisors LLC now owns 82,637 shares of the real estate investment trust’s stock valued at $1,684,000 after purchasing an additional 36,493 shares during the last quarter. Creative Planning raised its position in shares of Starwood Property Trust by 67.0% in the third quarter. Creative Planning now owns 53,441 shares of the real estate investment trust’s stock valued at $1,089,000 after purchasing an additional 21,440 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of Starwood Property Trust in the third quarter worth $34,000. Finally, Artemis Investment Management LLP bought a new stake in shares of Starwood Property Trust during the 3rd quarter worth $9,580,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

Shares of NYSE STWD opened at $20.32 on Friday. Starwood Property Trust, Inc. has a one year low of $17.07 and a one year high of $22.29. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.80. The business has a fifty day simple moving average of $20.18 and a 200 day simple moving average of $19.74. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 14.62 and a beta of 1.70.

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

Starwood Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 annualized dividend and a dividend yield of 9.45%. Starwood Property Trust’s dividend payout ratio is currently 138.13%.

Analyst Ratings Changes

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

Starwood Property Trust Profile

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.