Renaissance Technologies LLC Decreases Stock Position in Starwood Property Trust, Inc. (NYSE:STWD)

Renaissance Technologies LLC trimmed its position in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 72.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 146,884 shares of the real estate investment trust's stock after selling 382,000 shares during the quarter. Renaissance Technologies LLC's holdings in Starwood Property Trust were worth $2,783,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Wealth Quarterback LLC increased its stake in shares of Starwood Property Trust by 3.6% during the 4th quarter. Wealth Quarterback LLC now owns 14,817 shares of the real estate investment trust's stock worth $281,000 after purchasing an additional 518 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Starwood Property Trust by 1.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 34,528 shares of the real estate investment trust's stock valued at $654,000 after acquiring an additional 571 shares in the last quarter. Register Financial Advisors LLC boosted its stake in shares of Starwood Property Trust by 1.4% during the fourth quarter. Register Financial Advisors LLC now owns 44,329 shares of the real estate investment trust's stock valued at $840,000 after acquiring an additional 604 shares during the last quarter. UMB Bank n.a. increased its position in 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 worth $33,000 after purchasing an additional 717 shares in the last quarter. Finally, Brooklyn Investment Group raised 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 valued at $30,000 after purchasing an additional 730 shares during the last quarter. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on STWD. JPMorgan Chase & Co. lowered their target price on shares of Starwood Property Trust from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods dropped their target price on Starwood Property Trust from $22.00 to $21.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. Finally, UBS Group decreased their price target on Starwood Property Trust from $19.50 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $21.86.

Starwood Property Trust Trading Up 1.3 %

STWD stock traded up $0.24 during midday trading on Monday, reaching $19.12. 2,000,581 shares of the company's stock traded hands, compared to its average volume of 2,452,587. 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, Inc. has a fifty-two week low of $16.59 and a fifty-two week high of $21.17. The business has a 50-day moving average price of $19.38 and a two-hundred day moving average price of $19.53. The company has a market capitalization of $6.46 billion, a P/E ratio of 16.34 and a beta of 1.34.

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.48 per share. The ex-dividend date was Monday, March 31st. This represents a $1.92 dividend on an annualized basis and a yield of 10.04%. Starwood Property Trust's dividend payout ratio (DPR) 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.