Starwood Property Trust, Inc. (NYSE:STWD - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $18.08 and last traded at $18.45, with a volume of 2242468 shares changing hands. The stock had previously closed at $19.20.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. Keefe, Bruyette & Woods reduced their price target on Starwood Property Trust from $22.00 to $21.00 and set an "outperform" rating for the company in a research report on Monday. JPMorgan Chase & Co. decreased their price target on shares of 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. Two equities research analysts have rated the stock with a hold rating, five have assigned 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 an average rating of "Moderate Buy" and an average price target of $22.07.
Get Our Latest Stock Report on STWD
Starwood Property Trust Stock Performance
The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. The stock has a market capitalization of $6.29 billion, a PE ratio of 15.91 and a beta of 1.34. The firm has a 50 day moving average price of $19.66 and a 200-day moving average price of $19.68.
Starwood Property Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.48 per share. 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 10.31%. Starwood Property Trust's dividend payout ratio is presently 174.55%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Wealth Quarterback LLC raised its position 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 purchasing an additional 518 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings 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 buying an additional 571 shares during the period. Register Financial Advisors LLC boosted its stake in 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 worth $840,000 after buying an additional 604 shares during the period. UMB Bank n.a. increased 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 valued at $33,000 after acquiring an additional 717 shares during the last quarter. Finally, Brooklyn Investment Group raised 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 acquiring an additional 730 shares during the period. 49.82% of the stock is currently owned by hedge funds and other institutional investors.
About Starwood Property Trust
(
Get 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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