Certior Financial Group LLC bought a new stake in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,558 shares of the real estate investment trust's stock, valued at approximately $409,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC lifted its stake in Starwood Property Trust by 6.4% in the third quarter. FMR LLC now owns 41,781 shares of the real estate investment trust's stock valued at $851,000 after purchasing an additional 2,503 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of Starwood Property Trust by 18.8% during the 3rd quarter. Captrust Financial Advisors now owns 13,134 shares of the real estate investment trust's stock valued at $268,000 after buying an additional 2,075 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of Starwood Property Trust during the 3rd quarter worth $877,000. IHT Wealth Management LLC purchased a new stake in Starwood Property Trust in the 3rd quarter worth about $280,000. Finally, Point72 Asset Management L.P. raised its stake in Starwood Property Trust by 117.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 12,770 shares of the real estate investment trust's stock valued at $260,000 after acquiring an additional 87,770 shares during the period. 49.82% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have weighed in on STWD shares. Keefe, Bruyette & Woods cut their target price on shares of Starwood Property Trust from $22.00 to $21.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. JPMorgan Chase & Co. cut their price objective on shares of Starwood Property Trust from $20.00 to $19.50 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Starwood Property Trust currently has a consensus rating of "Moderate Buy" and an average target price of $22.07.
Check Out Our Latest Stock Analysis on Starwood Property Trust
Starwood Property Trust Price Performance
NYSE:STWD traded up $0.25 during mid-day trading on Friday, hitting $17.84. 4,773,173 shares of the stock traded hands, compared to its average volume of 2,424,253. The business's 50-day moving average price is $19.59 and its 200 day moving average price is $19.63. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. The company has a market cap of $6.02 billion, a PE ratio of 15.25 and a beta of 1.34. Starwood Property Trust, Inc. has a 12-month low of $16.59 and a 12-month high of $21.17.
Starwood Property Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.48 per share. The ex-dividend date is Monday, March 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.76%. Starwood Property Trust's dividend payout ratio (DPR) is currently 174.55%.
Starwood Property Trust Profile
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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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