Raymond James Financial Inc. Buys Shares of 2,577,338 Starwood Property Trust, Inc. (NYSE:STWD)

Raymond James Financial Inc. acquired a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,577,338 shares of the real estate investment trust's stock, valued at approximately $48,841,000. Raymond James Financial Inc. owned approximately 0.76% of Starwood Property Trust as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Albion Financial Group UT acquired a new stake in shares of Starwood Property Trust in the 4th quarter worth $28,000. Brooklyn Investment Group grew its stake in shares of 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 valued at $30,000 after buying an additional 730 shares during the period. UMB Bank n.a. raised its position in shares of Starwood Property Trust by 69.7% during 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 buying an additional 717 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Starwood Property Trust by 83.2% in the fourth 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 last quarter. Finally, Hurley Capital LLC acquired a new stake in Starwood Property Trust during the fourth quarter worth $36,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Stock Performance

Shares of NYSE:STWD traded up $0.33 on Friday, reaching $18.56. The company's stock had a trading volume of 2,744,320 shares, compared to its average volume of 2,453,371. The stock has a market capitalization of $6.27 billion, a P/E ratio of 15.87 and a beta of 1.34. Starwood Property Trust, Inc. has a 52-week low of $16.59 and a 52-week high of $21.17. The stock's 50-day moving average is $19.47 and its two-hundred day moving average is $19.57. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79.

Starwood Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.34%. The ex-dividend date was Monday, March 31st. Starwood Property Trust's payout ratio is currently 174.55%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their price target 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 target price on Starwood Property Trust from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, UBS Group lowered their price objective on shares of Starwood Property Trust from $19.50 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.86.

About Starwood Property Trust

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.