Adage Capital Partners GP L.L.C. Grows Stock Position in Starwood Property Trust, Inc. (NYSE:STWD)

Adage Capital Partners GP L.L.C. grew its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 17.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,648,904 shares of the real estate investment trust's stock after buying an additional 248,904 shares during the period. Adage Capital Partners GP L.L.C. owned 0.49% of Starwood Property Trust worth $31,247,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new stake in Starwood Property Trust in the fourth quarter worth about $63,044,000. Atria Wealth Solutions Inc. boosted its position in shares of Starwood Property Trust by 31.0% in the 4th quarter. Atria Wealth Solutions Inc. now owns 88,148 shares of the real estate investment trust's stock worth $1,670,000 after purchasing an additional 20,840 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Starwood Property Trust in the 4th quarter worth approximately $377,000. Golden State Equity Partners increased its position in Starwood Property Trust by 346.0% during the 4th quarter. Golden State Equity Partners now owns 27,708 shares of the real estate investment trust's stock valued at $525,000 after buying an additional 21,496 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Starwood Property Trust by 154.7% during the fourth quarter. Sei Investments Co. now owns 183,851 shares of the real estate investment trust's stock valued at $3,484,000 after buying an additional 111,654 shares during the last quarter. Institutional investors own 49.82% of the company's stock.

Starwood Property Trust Stock Performance

Shares of STWD traded up $0.24 during mid-day trading on Monday, hitting $19.12. 2,000,581 shares of the company traded hands, compared to its average volume of 2,452,589. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 16.34 and a beta of 1.34. The stock has a 50-day moving average price of $19.36 and a two-hundred day moving average price of $19.52. Starwood Property Trust, Inc. has a 1 year low of $16.59 and a 1 year high of $21.17. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79.

Starwood Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.48 per share. The ex-dividend date was Monday, March 31st. This represents a $1.92 annualized dividend and a dividend yield of 10.04%. Starwood Property Trust's payout ratio is 174.55%.

Analyst Upgrades and Downgrades

STWD has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price target on Starwood Property Trust from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. UBS Group reduced 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, April 16th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Starwood Property Trust from $22.00 to $21.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. Two equities research 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $21.86.

Starwood Property Trust Company 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.