State of Alaska Department of Revenue Sells 3,155 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

State of Alaska Department of Revenue lessened its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 8.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,151 shares of the real estate investment trust’s stock after selling 3,155 shares during the period. State of Alaska Department of Revenue’s holdings in Starwood Property Trust were worth $675,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. boosted its holdings in shares of Starwood Property Trust by 50.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 500 shares in the last quarter. Quarry LP boosted its holdings 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 in the last quarter. Stonebridge Capital Advisors LLC boosted its holdings in shares of Starwood Property Trust by 50.0% in the 1st quarter. Stonebridge Capital Advisors LLC now owns 3,000 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 1,000 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Starwood Property Trust by 85.7% in the 1st quarter. Covestor Ltd now owns 3,210 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 1,481 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Starwood Property Trust in the 4th quarter valued at $95,000. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Up 1.6 %

Shares of STWD opened at $19.43 on Friday. The stock’s 50-day moving average price is $19.92 and its two-hundred day moving average price is $19.93. Starwood Property Trust, Inc. has a 12 month low of $16.06 and a 12 month high of $22.29. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.95. The company has a market capitalization of $6.10 billion, a PE ratio of 18.16 and a beta of 1.65.

Starwood Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 9.88%. The ex-dividend date is Wednesday, March 27th. Starwood Property Trust’s dividend payout ratio (DPR) is presently 179.44%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on STWD shares. Bank of America reaffirmed a “neutral” rating and issued a $21.50 target price (down previously from $22.50) on shares of Starwood Property Trust in a report on Monday, March 4th. Wells Fargo & Company raised their price objective on Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Keefe, Bruyette & Woods cut their price objective on Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. cut their price objective on Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $21.43.

Insider Activity at Starwood Property Trust

In related news, President Jeffrey F. Dimodica sold 25,000 shares of the business’s 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 completion of the sale, 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 accessible through this link. In related news, President Jeffrey F. Dimodica sold 25,000 shares of the business’s 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 completion of the sale, 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 accessible through this link. Also, President Jeffrey F. Dimodica sold 100,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $20.28, for a total value of $2,028,000.00. Following the completion of the sale, the president now directly owns 1,226,673 shares of the company’s stock, valued at $24,876,928.44. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by corporate insiders.

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.