Starwood Property Trust, Inc. (NYSE:STWD) Position Decreased by Penn Mutual Life Insurance Co

Penn Mutual Life Insurance Co lessened its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 28.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,000 shares of the real estate investment trust’s stock after selling 35,000 shares during the quarter. Starwood Property Trust makes up about 1.3% of Penn Mutual Life Insurance Co’s portfolio, making the stock its 19th biggest position. Penn Mutual Life Insurance Co’s holdings in Starwood Property Trust were worth $1,957,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Intellectus Partners LLC boosted its position in shares of Starwood Property Trust by 0.3% in the 2nd quarter. Intellectus Partners LLC now owns 21,393 shares of the real estate investment trust’s stock worth $489,000 after purchasing an additional 65 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of Starwood Property Trust by 1.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,375 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 87 shares in the last quarter. CWA Asset Management Group LLC boosted its position in shares of Starwood Property Trust by 2.5% in the 2nd quarter. CWA Asset Management Group LLC now owns 10,250 shares of the real estate investment trust’s stock worth $229,000 after purchasing an additional 250 shares in the last quarter. S. R. Schill & Associates boosted its position in shares of Starwood Property Trust by 0.6% in the 2nd quarter. S. R. Schill & Associates now owns 52,265 shares of the real estate investment trust’s stock worth $1,170,000 after purchasing an additional 286 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Starwood Property Trust by 5.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,039 shares of the real estate investment trust’s stock worth $180,000 after purchasing an additional 438 shares in the last quarter. 67.52% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on STWD shares. Zacks Investment Research cut Starwood Property Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. BidaskClub cut Starwood Property Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, September 13th. ValuEngine raised Starwood Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, B. Riley restated a “buy” rating and issued a $24.00 target price on shares of Starwood Property Trust in a research note on Monday, November 27th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $24.00.

In other Starwood Property Trust news, CFO Rina Paniry sold 6,867 shares of Starwood Property Trust stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $21.96, for a total transaction of $150,799.32. Following the completion of the transaction, the chief financial officer now owns 100,026 shares in the company, valued at approximately $2,196,570.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Andrew Jay Sossen sold 11,270 shares of Starwood Property Trust stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $21.94, for a total value of $247,263.80. Following the transaction, the chief operating officer now 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. Company insiders own 2.40% of the company’s stock.

Shares of Starwood Property Trust, Inc. (NYSE:STWD) traded up $0.13 during mid-day trading on Friday, reaching $21.80. The company had a trading volume of 2,280,986 shares, compared to its average volume of 1,186,479. The stock has a market cap of $5,655.84, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 2.04 and a beta of 0.51. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.47 and a quick ratio of 2.47. Starwood Property Trust, Inc. has a one year low of $21.27 and a one year high of $23.01.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.11. The company had revenue of $226.77 million during the quarter, compared to analyst estimates of $236.76 million. Starwood Property Trust had a return on equity of 11.88% and a net margin of 52.28%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. equities analysts predict that Starwood Property Trust, Inc. will post 2.12 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.81%. Starwood Property Trust’s payout ratio is currently 116.36%.

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Starwood Property Trust Profile

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

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