Norges Bank acquired a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,326,884 shares of the real estate investment trust's stock, valued at approximately $63,044,000. Norges Bank owned about 0.99% of Starwood Property Trust at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Starwood Property Trust by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 30,943,260 shares of the real estate investment trust's stock valued at $586,375,000 after acquiring an additional 377,939 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Starwood Property Trust by 8.1% in the third quarter. Geode Capital Management LLC now owns 5,345,000 shares of the real estate investment trust's stock worth $108,960,000 after purchasing an additional 399,672 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Starwood Property Trust by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 2,669,827 shares of the real estate investment trust's stock valued at $50,593,000 after purchasing an additional 10,979 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Starwood Property Trust during the fourth quarter valued at approximately $48,841,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Starwood Property Trust by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,153,097 shares of the real estate investment trust's stock valued at $40,801,000 after acquiring an additional 43,109 shares during the period. Hedge funds and other institutional investors own 49.82% of the company's stock.
Starwood Property Trust Price Performance
Shares of NYSE:STWD traded down $0.31 during trading on Tuesday, hitting $17.30. 5,712,095 shares of the company's stock were exchanged, compared to its average volume of 2,371,925. The business's 50-day simple moving average is $19.69 and its 200 day simple moving average is $19.70. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 14.78 and a beta of 1.34. Starwood Property Trust, Inc. has a 52-week low of $17.17 and a 52-week high of $21.17. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79.
Starwood Property Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 11.10%. The ex-dividend date is Monday, March 31st. Starwood Property Trust's dividend payout ratio (DPR) is currently 174.55%.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on STWD shares. JPMorgan Chase & Co. lowered their target price on Starwood Property Trust from $20.00 to $19.50 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods cut their price objective on Starwood Property Trust from $22.00 to $21.00 and set an "outperform" rating for the company in a research note on Monday. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $22.07.
Check Out Our Latest Stock Analysis on STWD
Starwood Property Trust Profile
(
Free Report)
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.
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