Leeward Investments LLC MA cut its holdings in Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,177,955 shares of the real estate investment trust’s stock after selling 35,341 shares during the period. Leeward Investments LLC MA owned approximately 0.32% of Starwood Property Trust worth $20,284,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its stake in shares of Starwood Property Trust by 106.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,449 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 746 shares during the last quarter. CENTRAL TRUST Co lifted its stake in shares of Starwood Property Trust by 154.4% in the 4th quarter. CENTRAL TRUST Co now owns 1,496 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 908 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Starwood Property Trust during the 4th quarter valued at about $28,000. FNY Investment Advisers LLC purchased a new stake in Starwood Property Trust during the 3rd quarter valued at about $30,000. Finally, Flagship Harbor Advisors LLC bought a new position in Starwood Property Trust during the 4th quarter worth approximately $53,000. 49.82% of the stock is currently owned by hedge funds and other institutional investors.
Starwood Property Trust Stock Up 0.7%
NYSE STWD opened at $16.75 on Wednesday. Starwood Property Trust, Inc. has a 1 year low of $16.61 and a 1 year high of $21.05. The stock has a market capitalization of $6.21 billion, a PE ratio of 17.45, a PEG ratio of 2.37 and a beta of 0.98. The company has a debt-to-equity ratio of 3.31, a current ratio of 1.57 and a quick ratio of 1.57. The business’s 50-day moving average is $17.43 and its 200 day moving average is $17.81.
Starwood Property Trust declared that its Board of Directors has initiated a share buyback plan on Thursday, February 26th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to purchase up to 6.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
Starwood Property Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date is Tuesday, June 30th. Starwood Property Trust’s dividend payout ratio is currently 200.00%.
Insider Activity at Starwood Property Trust
In related 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 value 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 5.80% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of equities analysts have commented on the company. Keefe, Bruyette & Woods decreased their price target on Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Bank of America reissued a “neutral” rating and set a $19.00 price objective on shares of Starwood Property Trust in a research note on Friday, March 6th. UBS Group assumed coverage on shares of Starwood Property Trust in a report on Tuesday, June 2nd. They issued a “buy” rating and a $20.00 target price on the stock. Wells Fargo & Company decreased their target price on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, February 26th. Finally, Weiss Ratings lowered shares of Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.70.
Read Our Latest Analysis on STWD
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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