Starwood Property Trust, Inc. (NYSE:STWD) Shares Bought by Northern Trust Corp

Northern Trust Corp raised its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 16.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,287,030 shares of the real estate investment trust’s stock after buying an additional 736,699 shares during the quarter. Northern Trust Corp owned about 1.57% of Starwood Property Trust worth $100,189,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in STWD. Albion Financial Group UT purchased a new position in shares of Starwood Property Trust in the 4th quarter valued at approximately $28,000. Brooklyn Investment Group raised its holdings in shares of Starwood Property Trust by 86.1% in the fourth quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 730 shares during the last quarter. Quarry LP purchased a new position in shares of Starwood Property Trust in the fourth quarter worth $31,000. UMB Bank n.a. grew its holdings in shares of Starwood Property Trust by 69.7% during the fourth quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 717 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Starwood Property Trust by 83.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,881 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 854 shares during the period. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Price Performance

NYSE:STWD opened at $19.28 on Friday. The company has a 50 day moving average price of $19.30 and a 200-day moving average price of $19.50. Starwood Property Trust, Inc. has a 1-year low of $16.59 and a 1-year high of $21.17. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 16.48 and a beta of 1.34. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79.

Starwood Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.48 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.96%. Starwood Property Trust’s dividend payout ratio (DPR) is currently 174.55%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on STWD. 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 research report on Monday, April 7th. UBS Group decreased their target price on Starwood Property Trust from $19.50 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. cut their price target on shares of Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.86.

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.