Charles Schwab Investment Management Inc. lifted its position in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,153,097 shares of the real estate investment trust's stock after acquiring an additional 43,109 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.64% of Starwood Property Trust worth $40,801,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Quarterback LLC raised its position in shares of Starwood Property Trust by 3.6% during the fourth quarter. Wealth Quarterback LLC now owns 14,817 shares of the real estate investment trust's stock worth $281,000 after purchasing an additional 518 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in 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 buying an additional 571 shares during the period. Register Financial Advisors LLC lifted its stake in Starwood Property Trust by 1.4% in the fourth quarter. Register Financial Advisors LLC now owns 44,329 shares of the real estate investment trust's stock valued at $840,000 after buying an additional 604 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Starwood Property Trust by 69.7% in the fourth quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 717 shares during the period. Finally, Brooklyn Investment Group increased its position in shares of Starwood Property Trust by 86.1% during the fourth 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. Institutional investors own 49.82% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on STWD shares. Keefe, Bruyette & Woods reduced their target price on shares of Starwood Property Trust from $22.50 to $22.00 and set an "outperform" rating for the company 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 for the company in a research note on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $22.21.
View Our Latest Report on STWD
Starwood Property Trust Stock Up 0.6 %
Shares of Starwood Property Trust stock traded up $0.12 on Wednesday, reaching $20.24. 997,385 shares of the company were exchanged, compared to its average volume of 2,163,979. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 17.30 and a beta of 1.68. Starwood Property Trust, Inc. has a one year low of $18.12 and a one year high of $21.17. The company has a 50-day moving average of $19.60 and a 200 day moving average of $19.80. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61.
Starwood Property Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.49%. The ex-dividend date of this dividend is Monday, March 31st. Starwood Property Trust's dividend payout ratio (DPR) is presently 174.55%.
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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