Retirement Systems of Alabama Boosts Stock Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Retirement Systems of Alabama increased its position in Starwood Property Trust, Inc. (NYSE:STWD) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 372,684 shares of the real estate investment trust’s stock after acquiring an additional 1,674 shares during the period. Retirement Systems of Alabama’s holdings in Starwood Property Trust were worth $7,834,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new position in shares of Starwood Property Trust in the fourth quarter worth $26,000. Allworth Financial LP increased its holdings in Starwood Property Trust by 52.7% in the 4th quarter. Allworth Financial LP now owns 2,734 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 943 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in Starwood Property Trust in the 4th quarter worth about $95,000. Parkside Financial Bank & Trust lifted its stake in Starwood Property Trust by 9.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 6,436 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 547 shares during the period. Finally, Private Trust Co. NA boosted its holdings in shares of Starwood Property Trust by 17.8% during the 4th quarter. Private Trust Co. NA now owns 6,717 shares of the real estate investment trust’s stock valued at $141,000 after acquiring an additional 1,017 shares during the last quarter. 49.82% of the stock is owned by institutional investors.

Insider Activity

In other news, President Jeffrey F. Dimodica sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $20.28, for a total transaction of $2,028,000.00. Following the sale, the president now directly owns 1,226,673 shares of the company’s stock, valued at approximately $24,876,928.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.40% of the company’s stock.

Starwood Property Trust Price Performance

Shares of NYSE:STWD opened at $19.49 on Friday. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 18.21 and a beta of 1.65. The firm has a fifty day moving average price of $19.83 and a 200 day moving average price of $19.95. Starwood Property Trust, Inc. has a fifty-two week low of $16.06 and a fifty-two week high of $22.29. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.75 and a current ratio of 1.75.

Starwood Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.85%. The ex-dividend date of this dividend was Wednesday, March 27th. Starwood Property Trust’s dividend payout ratio (DPR) is presently 179.44%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Bank of America restated a “neutral” rating and set a $21.50 price objective (down previously from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. Wells Fargo & Company lifted their price objective on Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Keefe, Bruyette & Woods lowered their target price on Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a report on Wednesday, April 10th. BTIG Research dropped their target price on Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.71.

Starwood Property Trust 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.