Connor Clark & Lunn Investment Management Ltd. cut its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 89.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,732 shares of the real estate investment trust's stock after selling 200,230 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Starwood Property Trust were worth $469,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of Starwood Property Trust during the fourth quarter valued at $48,841,000. Leeward Investments LLC MA acquired a new stake in shares of Starwood Property Trust in the 4th quarter valued at approximately $24,791,000. Geode Capital Management LLC raised its holdings in 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Starwood Property Trust by 78.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 891,734 shares of the real estate investment trust's stock worth $18,174,000 after acquiring an additional 390,787 shares in the last quarter. Finally, Columbus Macro LLC acquired a new position in shares of Starwood Property Trust in the 4th quarter valued at approximately $7,022,000. 49.82% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently commented on STWD shares. Keefe, Bruyette & Woods dropped their price objective on shares of Starwood Property Trust from $22.50 to $22.00 and set an "outperform" rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price target on 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 equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.21.
Check Out Our Latest Stock Analysis on STWD
Starwood Property Trust Stock Up 0.1 %
Shares of NYSE STWD traded up $0.01 during mid-day trading on Tuesday, hitting $19.97. The company had a trading volume of 395,591 shares, compared to its average volume of 2,220,163. Starwood Property Trust, Inc. has a one year low of $18.12 and a one year high of $21.17. The company has a market capitalization of $6.74 billion, a PE ratio of 17.06 and a beta of 1.68. 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 firm has a 50-day simple moving average of $19.72 and a two-hundred day simple moving average of $19.79.
Starwood Property Trust Announces Dividend
The business 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 annualized dividend and a dividend yield of 9.61%. The ex-dividend date is Monday, March 31st. Starwood Property Trust's dividend payout ratio (DPR) is 174.55%.
Starwood Property Trust Company 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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