SkyOak Wealth LLC boosted its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 11.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 313,143 shares of the real estate investment trust’s stock after purchasing an additional 31,415 shares during the period. SkyOak Wealth LLC’s holdings in Starwood Property Trust were worth $5,640,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. New York Life Investment Management LLC purchased a new position in Starwood Property Trust during the fourth quarter worth approximately $569,000. World Investment Advisors purchased a new position in shares of Starwood Property Trust in the fourth quarter valued at approximately $505,000. Swiss Life Asset Management Ltd lifted its position in shares of Starwood Property Trust by 8.7% in the fourth quarter. Swiss Life Asset Management Ltd now owns 15,930 shares of the real estate investment trust’s stock valued at $287,000 after acquiring an additional 1,277 shares in the last quarter. Aubrey Capital Management Ltd lifted its position in shares of Starwood Property Trust by 12.6% in the fourth quarter. Aubrey Capital Management Ltd now owns 53,600 shares of the real estate investment trust’s stock valued at $994,000 after acquiring an additional 6,000 shares in the last quarter. Finally, NewEdge Wealth LLC purchased a new position in shares of Starwood Property Trust in the fourth quarter valued at approximately $829,000. Hedge funds and other institutional investors own 49.82% of the company’s stock.
Starwood Property Trust Price Performance
STWD stock opened at $17.17 on Friday. The business has a fifty day moving average of $17.73 and a two-hundred day moving average of $18.03. The company has a quick ratio of 1.68, a current ratio of 1.57 and a debt-to-equity ratio of 3.31. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02. Starwood Property Trust, Inc. has a 52-week low of $16.90 and a 52-week high of $21.05.
Starwood Property Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.92 annualized dividend and a yield of 11.2%. Starwood Property Trust’s dividend payout ratio (DPR) is 200.00%.
Starwood Property Trust announced that its board has initiated a stock repurchase program on Thursday, February 26th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the real estate investment trust to buy up to 6.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on STWD shares. Wells Fargo & Company decreased their target price on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Keefe, Bruyette & Woods cut their price target on Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating for the company in a report on Wednesday. Weiss Ratings cut Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. JPMorgan Chase & Co. cut their price target on Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $19.00 price target on shares of Starwood Property Trust in a report on Friday, March 6th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $19.70.
View Our Latest Research Report on Starwood Property Trust
Insider Transactions at Starwood Property Trust
In other Starwood Property Trust news, Director Jeffrey G. Dishner sold 7,013 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $17.13, for a total transaction of $120,132.69. Following the completion of the sale, the director owned 168,152 shares of the company’s stock, valued at $2,880,443.76. This trade represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.80% of the stock is currently owned by company insiders.
Starwood Property Trust Company Profile
Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.
Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.
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