Texas Capital Bank Wealth Management Services Inc Buys 20,248 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Texas Capital Bank Wealth Management Services Inc lifted its position in Starwood Property Trust, Inc. (NYSE:STWD) by 14.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 161,707 shares of the real estate investment trust’s stock after purchasing an additional 20,248 shares during the quarter. Texas Capital Bank Wealth Management Services Inc’s holdings in Starwood Property Trust were worth $3,064,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Starwood Property Trust by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 30,943,260 shares of the real estate investment trust’s stock worth $586,375,000 after acquiring an additional 377,939 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Starwood Property Trust by 8.1% during the third quarter. Geode Capital Management LLC now owns 5,345,000 shares of the real estate investment trust’s stock worth $108,960,000 after buying an additional 399,672 shares during the last quarter. Norges Bank acquired a new position in Starwood Property Trust in the fourth quarter valued at approximately $63,044,000. Bank of New York Mellon Corp boosted its stake in Starwood Property Trust by 0.4% in the fourth quarter. Bank of New York Mellon Corp now owns 2,669,827 shares of the real estate investment trust’s stock valued at $50,593,000 after acquiring an additional 10,979 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Starwood Property Trust during the 4th quarter worth $48,841,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Stock Down 5.3 %

Shares of NYSE STWD traded down $0.98 during mid-day trading on Thursday, reaching $17.63. 726,367 shares of the company’s stock were exchanged, compared to its average volume of 2,399,250. Starwood Property Trust, Inc. has a twelve month low of $16.59 and a twelve month high of $21.17. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 15.07 and a beta of 1.34. The business has a fifty day simple moving average of $19.66 and a 200 day simple moving average of $19.68.

Starwood Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 10.89%. The ex-dividend date is Monday, March 31st. Starwood Property Trust’s payout ratio is currently 174.55%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their price target on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Monday. JPMorgan Chase & Co. reduced their target price on Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Starwood Property Trust presently has an average rating of “Moderate Buy” and an average price target of $22.07.

Starwood Property Trust Company Profile

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.