Vanguard Group Inc. raised its position in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,943,260 shares of the real estate investment trust's stock after purchasing an additional 377,939 shares during the period. Vanguard Group Inc. owned about 9.18% of Starwood Property Trust worth $586,375,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of STWD. Albion Financial Group UT acquired a new stake in shares of Starwood Property Trust during the fourth quarter worth $28,000. Brooklyn Investment Group boosted 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 worth $30,000 after buying an additional 730 shares during the last quarter. UMB Bank n.a. grew its holdings in Starwood Property Trust by 69.7% in the 4th quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 717 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Starwood Property Trust by 83.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,881 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 854 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new position in shares of Starwood Property Trust during the 3rd quarter worth about $55,000. 49.82% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on STWD. JPMorgan Chase & Co. lowered their target price on shares of Starwood Property Trust from $20.00 to $19.50 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Keefe, Bruyette & Woods dropped their price objective on Starwood Property Trust from $22.50 to $22.00 and set an "outperform" rating for the company in a report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $22.21.
Check Out Our Latest Research Report on STWD
Starwood Property Trust Stock Down 3.3 %
Shares of NYSE:STWD traded down $0.65 during midday trading on Thursday, hitting $19.18. 4,141,257 shares of the company's stock traded hands, compared to its average volume of 2,311,969. The firm's fifty day moving average price is $19.82 and its two-hundred day moving average price is $19.80. 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, Inc. has a twelve month low of $18.12 and a twelve month high of $21.17. The company has a market cap of $6.48 billion, a PE ratio of 16.40 and a beta of 1.68.
Starwood Property Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 10.01%. The ex-dividend date is Monday, March 31st. Starwood Property Trust's payout ratio is 174.55%.
Starwood Property Trust Company Profile
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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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