Texas Capital Bank Wealth Management Services Inc. Buys 22,845 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Texas Capital Bank Wealth Management Services Inc. raised its position in Starwood Property Trust, Inc. (NYSE:STWD) by 22.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 126,401 shares of the real estate investment trust’s stock after acquiring an additional 22,845 shares during the period. Texas Capital Bank Wealth Management Services Inc.’s holdings in Starwood Property Trust were worth $2,452,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Salem Investment Counselors Inc. grew its position in Starwood Property Trust by 50.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,500 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 500 shares during the period. Raymond James Trust N.A. increased its stake in shares of Starwood Property Trust by 4.1% during the first 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 in the last quarter. Global Retirement Partners LLC raised its holdings in shares of Starwood Property Trust by 2.5% during the second quarter. Global Retirement Partners LLC now owns 21,617 shares of the real estate investment trust’s stock valued at $419,000 after acquiring an additional 522 shares during the last quarter. Summit Trail Advisors LLC lifted its position in shares of Starwood Property Trust by 3.5% in the second quarter. Summit Trail Advisors LLC now owns 16,337 shares of the real estate investment trust’s stock valued at $325,000 after acquiring an additional 547 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Starwood Property Trust by 5.8% during the fourth quarter. AQR Capital Management LLC now owns 10,661 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 584 shares in the last quarter. Institutional investors and hedge funds own 49.60% of the company’s stock.

Starwood Property Trust Trading Down 0.9 %

NYSE STWD opened at $18.99 on Monday. The company’s 50 day moving average price is $19.26 and its 200 day moving average price is $19.14. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 14.86 and a beta of 1.64. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.48 and a current ratio of 1.48. Starwood Property Trust, Inc. has a one year low of $16.06 and a one year high of $21.73.

Starwood Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 10.11%. The ex-dividend date was Thursday, September 28th. Starwood Property Trust’s dividend payout ratio (DPR) is currently 148.84%.

Analyst Ratings Changes

STWD has been the topic of a number of recent research reports. StockNews.com started coverage on Starwood Property Trust in a research note on Thursday, October 5th. They set a “hold” rating on the stock. JPMorgan Chase & Co. boosted their price objective on Starwood Property Trust from $18.50 to $21.50 in a report on Monday, July 24th. TheStreet downgraded Starwood Property Trust from a “c” rating to a “d+” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods downgraded shares of Starwood Property Trust from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $21.00 to $20.00 in a research report on Monday, October 9th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $21.63.

Insider Buying and Selling at Starwood Property Trust

In related news, President Jeffrey F. Dimodica sold 20,111 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $20.48, for a total value of $411,873.28. Following the sale, the president now owns 1,035,984 shares of the company’s stock, valued at approximately $21,216,952.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 5.40% of the stock is currently owned by insiders.

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 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, include distressed or non-performing loans.