Valley Wealth Managers Inc. boosted its stake in Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 26.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,157,515 shares of the real estate investment trust’s stock after acquiring an additional 240,312 shares during the period. Valley Wealth Managers Inc.’s holdings in Starwood Property Trust were worth $19,932,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its holdings in Starwood Property Trust by 106.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,449 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 746 shares in the last quarter. CENTRAL TRUST Co raised 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 purchasing an additional 908 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Starwood Property Trust in the 4th quarter valued at about $28,000. FNY Investment Advisers LLC bought a new position in shares of Starwood Property Trust during the third quarter worth about $30,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Starwood Property Trust during the fourth quarter worth about $53,000. 49.82% of the stock is currently owned by institutional investors.
Starwood Property Trust Price Performance
Shares of STWD opened at $16.97 on Friday. Starwood Property Trust, Inc. has a 12 month low of $16.29 and a 12 month high of $20.84. 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 stock has a fifty day moving average price of $16.89 and a 200 day moving average price of $17.59. The company has a market cap of $6.29 billion, a P/E ratio of 17.68, a PEG ratio of 2.24 and a beta of 0.98.
Starwood Property Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Starwood Property Trust’s dividend payout ratio (DPR) is 200.00%.
Wall Street Analysts Forecast Growth
STWD has been the subject of a number of research reports. Zacks Research upgraded Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Keefe, Bruyette & Woods cut their price objective 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. Wall Street Zen raised Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Saturday. UBS Group began coverage on Starwood Property Trust in a research report on Tuesday, June 2nd. They issued a “buy” rating and a $20.00 target price for the company. Finally, JPMorgan Chase & Co. lowered 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. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.70.
Get Our Latest Stock Report on Starwood Property Trust
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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