Connor Clark & Lunn Investment Management Ltd. reduced its position in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 89.0% in the 4th quarter, according to its most recent filing with the 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 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of STWD. Albion Financial Group UT bought a new stake in Starwood Property Trust in the fourth quarter valued at approximately $28,000. Brooklyn Investment Group increased its holdings 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 during the last quarter. UMB Bank n.a. raised its stake in Starwood Property Trust by 69.7% in the 4th quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 717 shares during the period. Smartleaf Asset Management LLC raised its stake in Starwood Property Trust by 83.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,881 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 854 shares during the period. Finally, Point72 DIFC Ltd acquired a new stake in Starwood Property Trust during the 3rd quarter valued at $55,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.
Starwood Property Trust Stock Performance
Starwood Property Trust stock traded up $0.05 during midday trading on Wednesday, hitting $20.09. The company's stock had a trading volume of 3,025,554 shares, compared to its average volume of 2,224,896. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 17.17 and a beta of 1.68. Starwood Property Trust, Inc. has a 1-year low of $18.12 and a 1-year high of $21.17. The company has a 50-day moving average price of $19.74 and a two-hundred day moving average price of $19.80.
Starwood Property Trust Announces Dividend
The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.92 annualized dividend and a yield of 9.56%. Starwood Property Trust's dividend payout ratio is presently 174.55%.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Keefe, Bruyette & Woods decreased 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. 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 investment 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $22.21.
Read Our Latest Research Report on Starwood Property Trust
Starwood Property Trust 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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