Wesley Capital Management Lowers stake in Starwood Property Trust (STWD)

Starwood Property Trust (STWD) : Wesley Capital Management reduced its stake in Starwood Property Trust by 16.89% during the most recent quarter end. The investment management company now holds a total of 1,250,850 shares of Starwood Property Trust which is valued at $27,906,464 after selling 254,150 shares in Starwood Property Trust , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Starwood Property Trust makes up approximately 30.28% of Wesley Capital Management’s portfolio.

Other Hedge Funds, Including , National Planning Corp boosted its stake in STWD in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 17,306 shares of Starwood Property Trust which is valued at $386,097. Starwood Property Trust makes up approx 0.03% of National Planning Corp’s portfolio.Boston Family Office reduced its stake in STWD by selling 1,201 shares or 3.13% in the most recent quarter. The Hedge Fund company now holds 37,230 shares of STWD which is valued at $833,580. Starwood Property Trust makes up approx 0.10% of Boston Family Office’s portfolio.Kanaly Trust Co boosted its stake in STWD in the latest quarter, The investment management firm added 98 additional shares and now holds a total of 993 shares of Starwood Property Trust which is valued at $21,389. Tmd Associates Inc added STWD to its portfolio by purchasing 88,090 company shares during the most recent quarter which is valued at $1,852,533. Starwood Property Trust makes up approx 1.61% of Tmd Associates Inc’s portfolio.

Starwood Property Trust closed down -0.06 points or -0.27% at $21.99 with 37,84,152 shares getting traded on Wednesday. Post opening the session at $22.12, the shares hit an intraday low of $21.8717 and an intraday high of $22.13 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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 Aug 4, 2016. Analyst had a consensus estimate of $0.50. The company had revenue of $200.00 million for the quarter, compared to analysts expectations of $211.44 million. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Starwood Property Trust. Company shares were Downgraded by Compass Point on Aug 15, 2016 to ” Neutral”, Firm has raised the Price Target to $ 23 from a previous price target of $22 .Company shares were Reiterated by FBR Capital on Jun 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 24 from a previous price target of $22 .

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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