Texas Permanent School Fund Corp Has $4.88 Million Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Texas Permanent School Fund Corp cut its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWDFree Report) by 8.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 252,242 shares of the real estate investment trust’s stock after selling 22,432 shares during the period. Texas Permanent School Fund Corp owned approximately 0.08% of Starwood Property Trust worth $4,881,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. lifted its holdings in Starwood Property Trust by 50.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,500 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 500 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Starwood Property Trust by 66.4% in the 2nd quarter. Fifth Third Bancorp now owns 1,569 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 626 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Starwood Property Trust by 224.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,781 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,232 shares during the period. Quarry LP raised its stake in shares of Starwood Property Trust by 111.8% in the 1st quarter. Quarry LP now owns 2,224 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 1,174 shares during the period. Finally, Spire Wealth Management raised its stake in shares of Starwood Property Trust by 63.0% in the 2nd quarter. Spire Wealth Management now owns 3,000 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 1,160 shares during the period. 49.60% of the stock is currently owned by institutional investors.

Starwood Property Trust Trading Up 1.1 %

Shares of NYSE:STWD opened at $19.50 on Tuesday. The stock has a market cap of $6.11 billion, a PE ratio of 15.11 and a beta of 1.67. Starwood Property Trust, Inc. has a 12-month low of $16.06 and a 12-month 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 business has a 50 day moving average of $20.75 and a 200-day moving average of $20.03.

Starwood Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.85%. The ex-dividend date was Thursday, December 28th. Starwood Property Trust’s dividend payout ratio is presently 148.84%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on STWD. TheStreet downgraded Starwood Property Trust from a “c” rating to a “d+” rating in a research report on Wednesday, November 8th. UBS Group began coverage on Starwood Property Trust in a research report on Wednesday, December 6th. They issued a “neutral” rating and a $21.00 target price on the stock. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $21.50.

View Our Latest Stock Report on STWD

Insider Activity

In related news, President Jeffrey F. Dimodica sold 75,000 shares of the firm’s stock in a transaction on Wednesday, December 27th. The stock was 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 of the company’s stock, valued at approximately $20,978,707.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Starwood Property Trust news, President Jeffrey F. Dimodica sold 75,000 shares of the stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $22.06, for a total transaction of $1,654,500.00. Following the completion of the sale, the president now directly owns 950,984 shares in the company, valued at approximately $20,978,707.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Jeffrey F. Dimodica sold 25,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $20.33, for a total value of $508,250.00. Following the sale, the president now owns 925,984 shares of the company’s stock, valued at $18,825,254.72. The disclosure for this sale can be found here. 5.40% of the stock is owned by corporate insiders.

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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