D.A. Davidson & CO. Sells 20,067 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

D.A. Davidson & CO. decreased its position in Starwood Property Trust, Inc. (NYSE:STWDFree Report) by 24.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,046 shares of the real estate investment trust’s stock after selling 20,067 shares during the period. D.A. Davidson & CO.’s holdings in Starwood Property Trust were worth $1,181,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Starwood Property Trust by 3.2% in the 2nd quarter. BlackRock Inc. now owns 30,598,342 shares of the real estate investment trust’s stock valued at $593,608,000 after acquiring an additional 942,709 shares during the period. Vanguard Group Inc. grew its position in Starwood Property Trust by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 27,349,821 shares of the real estate investment trust’s stock worth $498,314,000 after purchasing an additional 474,537 shares during the period. State Street Corp grew its position in Starwood Property Trust by 83.4% during the 1st quarter. State Street Corp now owns 8,584,507 shares of the real estate investment trust’s stock worth $155,952,000 after purchasing an additional 3,902,840 shares during the period. Geode Capital Management LLC grew its position in Starwood Property Trust by 5.1% during the 2nd quarter. Geode Capital Management LLC now owns 4,630,994 shares of the real estate investment trust’s stock worth $90,478,000 after purchasing an additional 226,527 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Starwood Property Trust by 20.4% during the 1st quarter. Ameriprise Financial Inc. now owns 3,625,804 shares of the real estate investment trust’s stock worth $64,130,000 after purchasing an additional 613,539 shares during the period. 49.60% of the stock is owned by institutional investors and hedge funds.

Starwood Property Trust Price Performance

NYSE:STWD opened at $19.28 on Monday. Starwood Property Trust, Inc. has a 52 week low of $16.06 and a 52 week high of $22.29. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.92. The stock has a market capitalization of $6.04 billion, a PE ratio of 14.95 and a beta of 1.67. The stock’s 50-day moving average price is $20.78 and its 200-day moving average price is $20.04.

Starwood Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.96%. The ex-dividend date of this dividend was Thursday, December 28th. Starwood Property Trust’s dividend payout ratio (DPR) is presently 148.84%.

Insider Activity

In other news, President Jeffrey F. Dimodica sold 25,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $20.33, for a total transaction of $508,250.00. Following the sale, the president now directly owns 925,984 shares in the company, valued at approximately $18,825,254.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, President Jeffrey F. Dimodica sold 25,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $20.33, for a total value of $508,250.00. Following the transaction, the president now directly owns 925,984 shares of the company’s stock, valued at approximately $18,825,254.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Jeffrey F. Dimodica sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $22.06, for a total transaction of $1,654,500.00. Following the completion of the transaction, the president now directly owns 950,984 shares in the company, valued at $20,978,707.04. The disclosure for this sale can be found here. Insiders own 5.40% of the company’s stock.

Analyst Ratings Changes

STWD has been the topic of several analyst reports. TheStreet downgraded Starwood Property Trust from a “c” rating to a “d+” rating in a research report on Wednesday, November 8th. UBS Group initiated coverage on Starwood Property Trust in a research report on Wednesday, December 6th. They set a “neutral” rating and a $21.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Starwood Property Trust currently has a consensus rating of “Hold” and a consensus target price of $21.50.

View Our Latest Stock Report on STWD

Starwood Property Trust Company Profile

(Free Report)

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.

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

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