Cetera Trust Company N.A decreased its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 15.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,725 shares of the real estate investment trust’s stock after selling 1,775 shares during the quarter. Cetera Trust Company N.A’s holdings in Starwood Property Trust were worth $184,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Albion Financial Group UT acquired a new position in shares of Starwood Property Trust during the 4th quarter valued at $28,000. Brooklyn Investment Group lifted its holdings in shares of Starwood Property Trust by 86.1% during 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 in the last quarter. UMB Bank n.a. lifted 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 worth $33,000 after buying an additional 717 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in Starwood Property Trust in the 3rd quarter worth $34,000. Finally, Quarry LP acquired a new position in Starwood Property Trust in the 2nd quarter worth $36,000. Institutional investors and hedge funds own 49.82% of the company’s stock.
Starwood Property Trust Price Performance
STWD opened at $19.10 on Wednesday. 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 1-year low of $18.12 and a 1-year high of $21.19. The company has a 50-day moving average of $19.57 and a 200-day moving average of $19.83. The company has a market capitalization of $6.44 billion, a P/E ratio of 16.32 and a beta of 1.69.
Starwood Property Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.05%. The ex-dividend date was Tuesday, December 31st. Starwood Property Trust’s dividend payout ratio is presently 164.10%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on STWD. JMP Securities cut their price objective on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. cut 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 report on Tuesday. UBS Group boosted their price objective on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.13.
View Our Latest Research Report on STWD
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.
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