Prudential Financial Inc. Trims Stake in Starwood Property Trust, Inc. (NYSE:STWD)

Prudential Financial Inc. lowered its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 82.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,579 shares of the real estate investment trust's stock after selling 113,860 shares during the quarter. Prudential Financial Inc.'s holdings in Starwood Property Trust were worth $459,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in STWD. Raymond James Financial Inc. bought a new position in shares of Starwood Property Trust during the 4th quarter valued at approximately $48,841,000. Leeward Investments LLC MA purchased a new position in Starwood Property Trust in the fourth quarter valued at approximately $24,791,000. Geode Capital Management LLC grew its holdings in Starwood Property Trust by 8.1% during the third quarter. Geode Capital Management LLC now owns 5,345,000 shares of the real estate investment trust's stock valued at $108,960,000 after purchasing an additional 399,672 shares during the period. Vanguard Group Inc. increased 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 worth $586,375,000 after buying an additional 377,939 shares during the last quarter. Finally, Columbus Macro LLC bought a new stake in shares of Starwood Property Trust in the fourth quarter valued at $7,022,000. Hedge funds and other institutional investors own 49.82% of the company's stock.

Starwood Property Trust Price Performance

STWD stock traded up $0.13 during mid-day trading on Tuesday, reaching $18.47. 951,829 shares of the company traded hands, compared to its average volume of 2,655,533. Starwood Property Trust, Inc. has a 52-week low of $16.59 and a 52-week high of $21.17. The company has a market capitalization of $6.24 billion, a P/E ratio of 15.78 and a beta of 1.34. 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 fifty day moving average price of $19.57 and a 200-day moving average price of $19.61.

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Starwood Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 10.39%. The ex-dividend date of this dividend is Monday, March 31st. Starwood Property Trust's dividend payout ratio (DPR) is presently 174.55%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods decreased their price objective on Starwood Property Trust from $22.00 to $21.00 and set an "outperform" rating for the company in a report on Monday, April 7th. JPMorgan Chase & Co. lowered 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 report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $22.07.

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.