Cedar Capital LLC Has $3.90 Million Holdings in Starwood Property Trust, Inc. (STWD)

Cedar Capital LLC lessened its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 13.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 179,392 shares of the real estate investment trust’s stock after selling 28,874 shares during the quarter. Starwood Property Trust comprises approximately 1.8% of Cedar Capital LLC’s holdings, making the stock its 9th biggest holding. Cedar Capital LLC owned approximately 0.07% of Starwood Property Trust worth $3,896,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in STWD. Principal Financial Group Inc. lifted its holdings in shares of Starwood Property Trust by 40.7% during the 1st quarter. Principal Financial Group Inc. now owns 54,361 shares of the real estate investment trust’s stock valued at $1,227,000 after acquiring an additional 15,727 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Starwood Property Trust during the 1st quarter valued at $11,294,000. Bank of Montreal Can increased its stake in Starwood Property Trust by 1,026.9% during the 2nd quarter. Bank of Montreal Can now owns 510,500 shares of the real estate investment trust’s stock worth $11,430,000 after buying an additional 465,198 shares during the period. NN Investment Partners Holdings N.V. purchased a new stake in Starwood Property Trust during the 2nd quarter worth $564,000. Finally, Creative Planning increased its stake in Starwood Property Trust by 41.7% during the 2nd quarter. Creative Planning now owns 31,177 shares of the real estate investment trust’s stock worth $698,000 after buying an additional 9,168 shares during the period. Institutional investors own 68.94% of the company’s stock.

In related news, CFO Rina Paniry sold 6,867 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $21.96, for a total transaction of $150,799.32. Following the completion of the sale, the chief financial officer now owns 100,026 shares of the company’s stock, valued at approximately $2,196,570.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Andrew Jay Sossen sold 11,270 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $21.94, for a total transaction of $247,263.80. Following the sale, the chief operating officer now directly owns 108,258 shares of the company’s stock, valued at approximately $2,375,180.52. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.

Starwood Property Trust, Inc. (STWD) traded down $0.34 on Friday, hitting $21.53. 2,506,500 shares of the stock traded hands, compared to its average volume of 1,677,978. The company has a market cap of $5,619.31, a P/E ratio of 10.25, a P/E/G ratio of 2.16 and a beta of 0.52. Starwood Property Trust, Inc. has a one year low of $21.11 and a one year high of $23.01. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.47 and a quick ratio of 1.97.

Starwood Property Trust (NYSE:STWD) last released its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.11. The company had revenue of $226.77 million during the quarter, compared to the consensus estimate of $236.76 million. Starwood Property Trust had a net margin of 52.28% and a return on equity of 11.88%. The company’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 EPS. sell-side analysts expect that Starwood Property Trust, Inc. will post 1.99 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 8.92%. The ex-dividend date is Thursday, December 28th. Starwood Property Trust’s payout ratio is currently 116.36%.

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STWD has been the topic of several analyst reports. ValuEngine raised shares of Starwood Property Trust from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Compass Point raised shares of Starwood Property Trust from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 25th. B. Riley reaffirmed a “buy” rating and set a $24.00 price target on shares of Starwood Property Trust in a research note on Thursday. Zacks Investment Research raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, BidaskClub raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Starwood Property Trust presently has a consensus rating of “Buy” and an average price target of $24.00.

About Starwood Property Trust

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

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