Geode Capital Management LLC cut its position in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 0.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,295,339 shares of the real estate investment trust's stock after selling 49,661 shares during the quarter. Geode Capital Management LLC owned about 1.57% of Starwood Property Trust worth $100,379,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the business. Wealth Quarterback LLC increased its stake in Starwood Property Trust by 3.6% in the fourth quarter. Wealth Quarterback LLC now owns 14,817 shares of the real estate investment trust's stock valued at $281,000 after acquiring an additional 518 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Starwood Property Trust by 1.7% in the 4th 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 during the period. Register Financial Advisors LLC raised its position in Starwood Property Trust by 1.4% during the 4th quarter. Register Financial Advisors LLC now owns 44,329 shares of the real estate investment trust's stock worth $840,000 after purchasing an additional 604 shares during the last quarter. UMB Bank n.a. raised its position in shares of Starwood Property Trust by 69.7% during the fourth quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 717 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position 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 worth $30,000 after purchasing an additional 730 shares during the period. 49.82% of the stock is owned by institutional investors.
Starwood Property Trust Stock Up 0.8 %
Shares of NYSE:STWD traded up $0.15 during trading on Tuesday, reaching $18.49. 1,121,116 shares of the stock were exchanged, compared to its average volume of 2,434,270. The firm has a market cap of $6.25 billion, a price-to-earnings ratio of 15.81 and a beta of 1.34. The stock has a fifty day moving average of $19.57 and a two-hundred day moving average of $19.61. 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 1-year low of $16.59 and a 1-year high of $21.17.
Starwood Property Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 10.38%. The ex-dividend date of this dividend is Monday, March 31st. Starwood Property Trust's dividend payout ratio (DPR) is presently 174.55%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on 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 cut their price target on Starwood Property Trust from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $22.07.
Check Out Our Latest Stock Report on STWD
About Starwood Property Trust
(
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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