Newbridge Financial Services Group Inc. Boosts Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Newbridge Financial Services Group Inc. lifted its stake in Starwood Property Trust, Inc. (NYSE:STWDGet Rating) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,894 shares of the real estate investment trust’s stock after buying an additional 1,183 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Starwood Property Trust were worth $332,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of STWD. Cary Street Partners Investment Advisory LLC grew its position in Starwood Property Trust by 5.7% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 9,245 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 500 shares during the last quarter. Raymond James Trust N.A. grew its position in Starwood Property Trust by 4.1% during the 1st quarter. Raymond James Trust N.A. now owns 12,803 shares of the real estate investment trust’s stock worth $309,000 after purchasing an additional 500 shares during the last quarter. Camden Capital LLC lifted its stake in shares of Starwood Property Trust by 1.4% in the 1st quarter. Camden Capital LLC now owns 38,018 shares of the real estate investment trust’s stock worth $919,000 after acquiring an additional 521 shares during the period. Mutual Advisors LLC lifted its stake in shares of Starwood Property Trust by 4.3% in the 1st quarter. Mutual Advisors LLC now owns 14,470 shares of the real estate investment trust’s stock worth $350,000 after acquiring an additional 601 shares during the period. Finally, Meridian Wealth Management LLC lifted its stake in shares of Starwood Property Trust by 0.4% in the 1st quarter. Meridian Wealth Management LLC now owns 135,290 shares of the real estate investment trust’s stock worth $3,270,000 after acquiring an additional 601 shares during the period. 45.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

STWD has been the subject of several recent analyst reports. Bank of America reiterated a “buy” rating and issued a $26.00 price objective on shares of Starwood Property Trust in a research note on Tuesday, September 6th. JMP Securities lowered their price target on shares of Starwood Property Trust from $28.00 to $26.00 and set a “market outperform” rating for the company in a report on Tuesday, August 9th. Finally, Credit Suisse Group lowered their target price on shares of Starwood Property Trust to $25.50 in a report on Friday, July 22nd.

Starwood Property Trust Stock Performance

STWD stock traded down $0.96 during trading on Friday, hitting $21.25. 95,228 shares of the company’s stock traded hands, compared to its average volume of 1,904,138. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 2.84. Starwood Property Trust, Inc. has a 52 week low of $19.69 and a 52 week high of $26.35. The stock has a fifty day moving average price of $23.22 and a two-hundred day moving average price of $23.04. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 9.10 and a beta of 1.45.

Starwood Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.92 annualized dividend and a dividend yield of 9.04%. Starwood Property Trust’s dividend payout ratio is currently 78.69%.

Starwood Property Trust Company Profile

(Get Rating)

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States, Europe, and Australia. It operates through four segments: 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, including distressed or non-performing loans.

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Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

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