Starwood Property Trust, Inc. (NYSE:STWD) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 671,861 shares of the real estate investment trust’s stock after acquiring an additional 10,000 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.21% of Starwood Property Trust worth $14,123,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of STWD. J.P. Morgan Private Wealth Advisors LLC increased its position in shares of Starwood Property Trust by 84.8% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 2,941,284 shares of the real estate investment trust’s stock worth $56,914,000 after purchasing an additional 1,349,284 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Starwood Property Trust by 26.7% during the 3rd quarter. Northern Trust Corp now owns 3,121,335 shares of the real estate investment trust’s stock worth $60,398,000 after acquiring an additional 657,180 shares in the last quarter. Adage Capital Partners GP L.L.C. purchased a new stake in shares of Starwood Property Trust during the 3rd quarter worth approximately $6,772,000. Second Half Financial Partners LLC acquired a new position in shares of Starwood Property Trust during the 3rd quarter worth approximately $5,690,000. Finally, International Assets Investment Management LLC raised its position in shares of Starwood Property Trust by 2,347.1% during the 4th quarter. International Assets Investment Management LLC now owns 270,406 shares of the real estate investment trust’s stock worth $5,684,000 after purchasing an additional 259,356 shares during the last quarter. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Starwood Property Trust Trading Down 1.5 %

NYSE STWD traded down $0.29 during trading hours on Thursday, hitting $19.12. The company’s stock had a trading volume of 2,367,286 shares, compared to its average volume of 2,146,514. Starwood Property Trust, Inc. has a twelve month low of $16.06 and a twelve month high of $22.29. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.95. The firm has a market capitalization of $6.00 billion, a P/E ratio of 17.86 and a beta of 1.65. The stock has a fifty day moving average of $19.89 and a 200 day moving average of $19.95.

Starwood Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 10.04%. The ex-dividend date of this dividend was Wednesday, March 27th. Starwood Property Trust’s dividend payout ratio is 179.44%.

Insider Transactions at Starwood Property Trust

In related news, President Jeffrey F. Dimodica sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $20.33, for a total value of $508,250.00. Following the completion of the transaction, the president now owns 925,984 shares of the company’s stock, valued at $18,825,254.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, President Jeffrey F. Dimodica sold 25,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $20.33, for a total transaction of $508,250.00. Following the completion of the sale, the president now owns 925,984 shares in the company, valued at approximately $18,825,254.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Jeffrey F. Dimodica sold 100,000 shares of the firm’s stock in a transaction dated 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 owns 1,226,673 shares of the company’s stock, valued at approximately $24,876,928.44. The disclosure for this sale can be found here. 5.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

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.