Starwood Property Trust (NYSE:STWD) Hits New 1-Year Low - Here's What Happened

Starwood Property Trust, Inc. (NYSE:STWD - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $16.59 and last traded at $18.62, with a volume of 9388060 shares traded. The stock had previously closed at $17.28.

Wall Street Analyst Weigh In

STWD has been the subject of several research reports. JPMorgan Chase & Co. reduced their target price on Starwood Property Trust from $20.00 to $19.50 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods cut their target price on Starwood Property Trust from $22.00 to $21.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $22.07.

Starwood Property Trust Price Performance

The stock has a fifty day moving average of $19.57 and a 200-day moving average of $19.61. The firm has a market capitalization of $6.28 billion, a P/E ratio of 15.87 and a beta of 1.34. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61.

Starwood Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.48 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.92 dividend on an annualized basis and a yield of 10.33%. Starwood Property Trust's payout ratio is 174.55%.

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Hedge Funds Weigh In On Starwood Property Trust

Hedge funds have recently added to or reduced their stakes in the company. Albion Financial Group UT bought a new position in shares of Starwood Property Trust in the 4th quarter valued at about $28,000. Brooklyn Investment Group grew its holdings in Starwood Property Trust by 86.1% during the fourth 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 period. Quarry LP bought a new stake in Starwood Property Trust in the fourth quarter valued at approximately $31,000. UMB Bank n.a. raised its holdings in Starwood Property Trust by 69.7% in the fourth 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 during the period. Finally, Smartleaf Asset Management LLC boosted its position in shares of Starwood Property Trust by 83.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,881 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 854 shares in the last quarter. Institutional investors own 49.82% of the company's stock.

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.