AlphaQuest LLC trimmed its holdings in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 91.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,523 shares of the real estate investment trust's stock after selling 61,201 shares during the quarter. AlphaQuest LLC's holdings in Starwood Property Trust were worth $105,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Wealth Quarterback LLC boosted its stake in shares of Starwood Property Trust by 3.6% during the 4th quarter. Wealth Quarterback LLC now owns 14,817 shares of the real estate investment trust's stock worth $281,000 after acquiring an additional 518 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Starwood Property Trust by 1.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 34,528 shares of the real estate investment trust's stock worth $654,000 after acquiring an additional 571 shares in the last quarter. Register Financial Advisors LLC boosted its stake in shares of Starwood Property Trust by 1.4% during the 4th quarter. Register Financial Advisors LLC now owns 44,329 shares of the real estate investment trust's stock worth $840,000 after acquiring an additional 604 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Starwood Property Trust by 69.7% during the 4th quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 717 shares in the last quarter. Finally, Brooklyn Investment Group boosted its stake in shares of Starwood Property Trust by 86.1% during the 4th quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 730 shares in the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.
Starwood Property Trust Price Performance
STWD stock traded down $0.33 during mid-day trading on Friday, reaching $19.95. The company's stock had a trading volume of 3,746,407 shares, compared to its average volume of 2,219,550. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61. The company's 50 day moving average is $19.69 and its two-hundred day moving average is $19.80. Starwood Property Trust, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $21.17. The stock has a market cap of $6.73 billion, a PE ratio of 17.05 and a beta of 1.68.
Starwood Property Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.63%. The ex-dividend date of this dividend is Monday, March 31st. Starwood Property Trust's dividend payout ratio (DPR) is 174.55%.
Analysts Set New Price Targets
Several research firms have recently issued reports on STWD. Keefe, Bruyette & Woods lowered their target price on shares of Starwood Property Trust from $22.50 to $22.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price target on shares of Starwood Property Trust from $20.00 to $19.50 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $22.21.
Read Our Latest Stock Analysis on Starwood Property Trust
About Starwood Property Trust
(
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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