Virtu Financial LLC boosted its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 134.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,429 shares of the real estate investment trust's stock after buying an additional 21,476 shares during the quarter. Virtu Financial LLC's holdings in Starwood Property Trust were worth $709,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Starwood Property Trust by 5.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,109,988 shares of the real estate investment trust's stock valued at $43,002,000 after purchasing an additional 116,182 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Starwood Property Trust by 147.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 225,245 shares of the real estate investment trust's stock valued at $4,590,000 after purchasing an additional 134,121 shares in the last quarter. Atria Wealth Solutions Inc. grew its stake in Starwood Property Trust by 31.0% in the fourth 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. Kestra Investment Management LLC bought a new stake in Starwood Property Trust in the third quarter valued at about $2,250,000. Finally, Proficio Capital Partners LLC acquired a new stake in Starwood Property Trust during the fourth quarter valued at approximately $377,000. Institutional investors and hedge funds own 49.82% of the company's stock.
Starwood Property Trust Stock Down 0.9 %
Shares of NYSE STWD traded down $0.19 during mid-day trading on Friday, reaching $19.83. The company had a trading volume of 3,139,836 shares, compared to its average volume of 2,293,406. The stock has a market capitalization of $6.70 billion, a PE ratio of 16.94 and a beta of 1.68. Starwood Property Trust, Inc. has a twelve month low of $18.12 and a twelve month 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. The stock's 50 day moving average is $19.78 and its 200-day moving average is $19.80.
Starwood Property Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 9.68%. The ex-dividend date of this dividend is Monday, March 31st. Starwood Property Trust's payout ratio is presently 174.55%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on STWD shares. Keefe, Bruyette & Woods cut their price target on Starwood Property Trust from $22.50 to $22.00 and set an "outperform" rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price objective on shares of 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. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $22.21.
Check Out Our Latest Stock Analysis 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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