Russell Investments Group Ltd. lowered its stake in Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 19.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,485 shares of the real estate investment trust’s stock after selling 22,119 shares during the quarter. Russell Investments Group Ltd.’s holdings in Starwood Property Trust were worth $1,901,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of STWD. Norges Bank purchased a new stake in Starwood Property Trust in the 4th quarter worth $62,447,000. Waterfront Capital Partners LLC bought a new stake in shares of Starwood Property Trust in the 4th quarter worth about $15,997,000. NFC Investments LLC bought a new stake in shares of Starwood Property Trust in the 4th quarter worth about $13,237,000. Premier Fund Managers Ltd bought a new stake in shares of Starwood Property Trust in the 4th quarter worth about $9,276,000. Finally, MGO One Seven LLC increased its holdings in shares of Starwood Property Trust by 836.9% in the 4th quarter. MGO One Seven LLC now owns 437,819 shares of the real estate investment trust’s stock worth $9,203,000 after buying an additional 391,087 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.
Analyst Ratings Changes
A number of research firms have recently weighed in on STWD. Wolfe Research began coverage on shares of Starwood Property Trust in a report on Tuesday, June 25th. They issued a “peer perform” rating on the stock. Raymond James reduced their target price on shares of Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a report on Thursday, May 16th. JPMorgan Chase & Co. increased their price objective on shares of Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Keefe, Bruyette & Woods reduced their price objective on shares of Starwood Property Trust from $20.50 to $20.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 10th. Finally, BTIG Research reissued a “buy” rating and issued a $24.00 price objective on shares of Starwood Property Trust in a research report on Friday, July 19th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.71.
Check Out Our Latest Stock Report on STWD
Starwood Property Trust Stock Performance
Shares of NYSE:STWD opened at $19.90 on Friday. The firm has a market cap of $6.29 billion, a PE ratio of 14.32 and a beta of 1.69. The firm’s 50 day simple moving average is $19.40 and its 200-day simple moving average is $19.78. Starwood Property Trust, Inc. has a one year low of $17.07 and a one year high of $22.29. The company has a debt-to-equity ratio of 2.80, a quick ratio of 2.49 and a current ratio of 2.49.
Starwood Property Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.65%. The ex-dividend date of this dividend is Monday, September 30th. Starwood Property Trust’s dividend payout ratio (DPR) is presently 138.13%.
About Starwood Property Trust
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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