Cedar Capital Lowers stake in Starwood Property Trust (STWD)

Starwood Property Trust (STWD) : Cedar Capital reduced its stake in Starwood Property Trust by 17.23% during the most recent quarter end. The investment management company now holds a total of 294,790 shares of Starwood Property Trust which is valued at $6 Million after selling 61,378 shares in Starwood Property Trust , the firm said in a disclosure report filed with the SEC on May 12, 2016.Starwood Property Trust makes up approximately 1.74% of Cedar Capital’s portfolio.

Other Hedge Funds, Including , Kings Point Capital Management reduced its stake in STWD by selling 17,810 shares or 4.58% in the most recent quarter. The Hedge Fund company now holds 371,262 shares of STWD which is valued at $7.5 Million. Starwood Property Trust makes up approx 1.92% of Kings Point Capital Management’s portfolio.Baker Ellis Asset Management boosted its stake in STWD in the latest quarter, The investment management firm added 1,050 additional shares and now holds a total of 10,900 shares of Starwood Property Trust which is valued at $220,180. Starwood Property Trust makes up approx 0.07% of Baker Ellis Asset Management’s portfolio. Checchi Capital Advisers added STWD to its portfolio by purchasing 5,031 company shares during the most recent quarter which is valued at $98,960. Starwood Property Trust makes up approx 0.03% of Checchi Capital Advisers’s portfolio.Rhumbline Advisers reduced its stake in STWD by selling 61,460 shares or 27.56% in the most recent quarter. The Hedge Fund company now holds 161,528 shares of STWD which is valued at $3.2 Million. Starwood Property Trust makes up approx 0.01% of Rhumbline Advisers’s portfolio.

Starwood Property Trust opened for trading at $19.88 and hit $20.03 on the upside on Friday, eventually ending the session at $20.02, with a gain of 0.65% or 0.13 points. The heightened volatility saw the trading volume jump to 13,03,562 shares. Company has a market cap of $4,758 M.

On the company’s financial health, Starwood Property Trust reported $0.50 EPS for the quarter, based on the information available during the earnings call on May 9, 2016. Analyst had a consensus estimate of $0.50. The company had revenue of $195.50 million for the quarter, compared to analysts expectations of $198.64 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

Many Wall Street Analysts have commented on Starwood Property Trust. Shares were Reiterated by Compass Point on Apr 7, 2016 to “Buy” and Lowered the Price Target to $ 22 from a previous price target of $23 .Shares were Reiterated by FBR Capital on Feb 26, 2016 to “Outperform” and Lowered the Price Target to $ 22 from a previous price target of $25 .

Starwood Property Trust Inc. is a holding company that operates as a real estate investment trust (REIT). The Company through its subsidiaries focuses on originating acquiring financing and managing commercial mortgage loans commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments in the United States and Europe. The Company operates through two segments: Lending Segment and Investing and Servicing Segment. The Company’s Lending Segment represents investments in real estate-related loans and securities that are held-for-investment. The Investing and Servicing Segment includes servicing businesses in the United States and Europe an investment business that acquires and manages real estate finance investments and a mortgage loan business. The Company is externally managed and advised by SPT Management LLC an affiliate of Starwood Capital Group.

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