Greenland Capital Management LP Sells 61,000 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Greenland Capital Management LP decreased its position in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 58.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,000 shares of the real estate investment trust's stock after selling 61,000 shares during the quarter. Greenland Capital Management LP's holdings in Starwood Property Trust were worth $834,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of STWD. Albion Financial Group UT purchased a new position in shares of Starwood Property Trust in the fourth quarter worth about $28,000. Brooklyn Investment Group boosted its stake in Starwood Property Trust by 86.1% in the 4th quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 730 shares during the period. UMB Bank n.a. increased its position in shares of Starwood Property Trust by 69.7% during 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. Hurley Capital LLC bought a new position in shares of Starwood Property Trust in the fourth quarter valued at approximately $36,000. Finally, Smartleaf Asset Management LLC lifted 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 worth $36,000 after purchasing an additional 854 shares in the last quarter. Institutional investors own 49.82% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms recently commented on STWD. Keefe, Bruyette & Woods reduced their target price on 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 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 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $22.07.

Starwood Property Trust Stock Performance

NYSE:STWD traded up $0.31 during trading hours on Monday, reaching $18.13. The company had a trading volume of 1,646,427 shares, compared to its average volume of 2,630,300. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 15.50 and a beta of 1.34. 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's 50 day moving average price is $19.59 and its 200-day moving average price is $19.63. Starwood Property Trust, Inc. has a 52 week low of $16.59 and a 52 week high of $21.17.

Starwood Property Trust Dividend Announcement

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 $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 10.59%. The ex-dividend date is Monday, March 31st. Starwood Property Trust's payout ratio is 174.55%.

Starwood Property Trust Profile

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.