California Public Employees Retirement System Sells 71,419 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

California Public Employees Retirement System trimmed its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 12.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 482,310 shares of the real estate investment trust's stock after selling 71,419 shares during the period. California Public Employees Retirement System owned about 0.14% of Starwood Property Trust worth $9,140,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Starwood Property Trust during the 4th quarter worth approximately $63,044,000. Raymond James Financial Inc. bought a new position in Starwood Property Trust in the fourth quarter valued at $48,841,000. Leeward Investments LLC MA acquired a new stake in Starwood Property Trust in the 4th quarter valued at $24,791,000. Geode Capital Management LLC lifted its position in Starwood Property Trust by 8.1% during the 3rd quarter. Geode Capital Management LLC now owns 5,345,000 shares of the real estate investment trust's stock worth $108,960,000 after buying an additional 399,672 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Starwood Property Trust by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 30,943,260 shares of the real estate investment trust's stock worth $586,375,000 after buying an additional 377,939 shares during the last quarter. 49.82% of the stock is owned by institutional investors.

Starwood Property Trust Price Performance

Shares of STWD traded up $0.25 during trading hours on Friday, hitting $17.84. 4,773,173 shares of the company were exchanged, compared to its average volume of 2,424,253. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. Starwood Property Trust, Inc. has a fifty-two week low of $16.59 and a fifty-two week high of $21.17. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 15.25 and a beta of 1.34. The firm's fifty day moving average is $19.59 and its 200 day moving average is $19.63.

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Starwood Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 10.76%. The ex-dividend date of this dividend is Monday, March 31st. Starwood Property Trust's dividend payout ratio is currently 174.55%.

Analysts Set New Price Targets

Several analysts recently issued reports on STWD shares. JPMorgan Chase & Co. dropped their target price on Starwood Property Trust from $20.00 to $19.50 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Keefe, Bruyette & Woods dropped their price objective on Starwood Property Trust from $22.00 to $21.00 and set an "outperform" rating on the stock in a research note on Monday. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $22.07.

About Starwood Property Trust

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.