ProShare Advisors LLC increased its position in shares of Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 8.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,985 shares of the real estate investment trust’s stock after acquiring an additional 1,145 shares during the quarter. ProShare Advisors LLC’s holdings in Starwood Property Trust were worth $284,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Quantinno Capital Management LP acquired a new position in Starwood Property Trust in the fourth quarter valued at about $306,000. Nomura Holdings Inc. acquired a new position in Starwood Property Trust in the fourth quarter valued at about $1,542,000. NorthRock Partners LLC lifted its stake in Starwood Property Trust by 37.3% in the fourth quarter. NorthRock Partners LLC now owns 15,890 shares of the real estate investment trust’s stock valued at $301,000 after buying an additional 4,317 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Starwood Property Trust by 6.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 956,368 shares of the real estate investment trust’s stock valued at $18,123,000 after buying an additional 54,534 shares during the period. Finally, Focus Partners Wealth lifted its stake in Starwood Property Trust by 305.4% in the fourth quarter. Focus Partners Wealth now owns 670,093 shares of the real estate investment trust’s stock valued at $12,699,000 after buying an additional 504,812 shares during the period. Institutional investors and hedge funds own 49.82% of the company’s stock.
Starwood Property Trust Trading Down 0.6%
STWD opened at $19.77 on Friday. The stock has a market capitalization of $6.71 billion, a P/E ratio of 16.90 and a beta of 1.26. Starwood Property Trust, Inc. has a 12 month low of $16.59 and a 12 month high of $21.17. The firm’s fifty day simple moving average is $19.12 and its 200 day simple moving average is $19.48. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61.
Starwood Property Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.48 per share. The ex-dividend date was Monday, March 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.71%. Starwood Property Trust’s payout ratio is presently 202.11%.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. UBS Group reissued a “neutral” rating and issued a $19.50 target price (up previously from $19.00) on shares of Starwood Property Trust in a research note on Wednesday, May 21st. JPMorgan Chase & Co. increased their target price on Starwood Property Trust from $19.00 to $19.50 and gave the company an “overweight” rating in a research note on Monday, May 12th. Finally, Keefe, Bruyette & Woods lowered their price target on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Monday, April 7th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Starwood Property Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.83.
View Our Latest Stock Report on Starwood Property Trust
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.
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