Proficio Capital Partners LLC acquired a new stake in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 19,879 shares of the real estate investment trust's stock, valued at approximately $377,000.
A number of other institutional investors also recently modified their holdings of the stock. Empowered Funds LLC acquired a new position in Starwood Property Trust during the 3rd quarter worth approximately $237,000. Natixis Advisors LLC acquired a new position in shares of Starwood Property Trust during the third quarter worth approximately $368,000. Commerce Bank lifted its holdings in shares of Starwood Property Trust by 8.9% in the 3rd quarter. Commerce Bank now owns 15,126 shares of the real estate investment trust's stock worth $308,000 after purchasing an additional 1,242 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Starwood Property Trust by 5.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,109,988 shares of the real estate investment trust's stock valued at $43,002,000 after purchasing an additional 116,182 shares during the period. Finally, Cerity Partners LLC increased its stake in Starwood Property Trust by 82.6% during the 3rd quarter. Cerity Partners LLC now owns 59,969 shares of the real estate investment trust's stock valued at $1,222,000 after purchasing an additional 27,121 shares in the last quarter. Institutional investors and hedge funds own 49.82% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on STWD. JPMorgan Chase & Co. dropped their price objective 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. Keefe, Bruyette & Woods dropped their price target on shares of Starwood Property Trust from $22.50 to $22.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $22.21.
Get Our Latest Analysis on STWD
Starwood Property Trust Stock Down 0.9 %
Shares of STWD traded down $0.19 during trading hours on Friday, reaching $19.83. 3,139,836 shares of the stock traded hands, compared to its average volume of 2,293,408. Starwood Property Trust, Inc. has a 52 week low of $18.12 and a 52 week high of $21.17. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 16.94 and a beta of 1.68. The stock has a fifty day simple moving average of $19.78 and a 200 day simple 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 Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 9.68%. The ex-dividend date is Monday, March 31st. Starwood Property Trust's dividend payout ratio is presently 174.55%.
Starwood Property Trust Company Profile
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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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