ExodusPoint Capital Management LP lowered its holdings in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 24.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 135,474 shares of the real estate investment trust's stock after selling 43,911 shares during the period. ExodusPoint Capital Management LP's holdings in Starwood Property Trust were worth $2,567,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Starwood Property Trust during the fourth quarter worth about $63,044,000. Raymond James Financial Inc. bought a new stake in shares of Starwood Property Trust during the 4th quarter valued at approximately $48,841,000. Leeward Investments LLC MA bought a new stake in shares of Starwood Property Trust during the 4th quarter valued at approximately $24,791,000. Geode Capital Management LLC increased 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 purchasing an additional 399,672 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Starwood Property Trust by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 30,943,260 shares of the real estate investment trust's stock valued at $586,375,000 after buying an additional 377,939 shares in the last quarter. 49.82% of the stock is owned by institutional investors.
Starwood Property Trust Trading Up 1.4 %
STWD traded up $0.25 during trading on Friday, reaching $17.84. 4,773,173 shares of the stock traded hands, compared to its average volume of 2,424,253. The stock's 50-day moving average is $19.59 and its 200 day moving average is $19.63. Starwood Property Trust, Inc. has a 12 month low of $16.59 and a 12 month high of $21.17. 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 stock has a market capitalization of $6.02 billion, a PE ratio of 15.25 and a beta of 1.34.
Starwood Property Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.92 annualized dividend and a yield of 10.76%. Starwood Property Trust's dividend payout ratio is currently 174.55%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods reduced their price objective on Starwood Property Trust from $22.00 to $21.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. JPMorgan Chase & Co. dropped 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 investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.07.
Read Our Latest Stock Report on Starwood Property Trust
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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