Renaissance Technologies LLC boosted its stake in Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 170.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 618,784 shares of the real estate investment trust’s stock after acquiring an additional 390,000 shares during the quarter. Renaissance Technologies LLC’s holdings in Starwood Property Trust were worth $10,655,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in shares of Starwood Property Trust by 70.1% during the first quarter. AQR Capital Management LLC now owns 36,396 shares of the real estate investment trust’s stock worth $720,000 after buying an additional 15,001 shares during the period. NewEdge Advisors LLC raised its position in Starwood Property Trust by 23.9% in the 1st quarter. NewEdge Advisors LLC now owns 19,606 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 3,784 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Starwood Property Trust by 99.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,450 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 3,721 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Starwood Property Trust by 42.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,535 shares of the real estate investment trust’s stock valued at $111,000 after acquiring an additional 1,657 shares in the last quarter. Finally, Baird Financial Group Inc. grew its stake in shares of Starwood Property Trust by 3.3% during the 2nd quarter. Baird Financial Group Inc. now owns 113,306 shares of the real estate investment trust’s stock worth $2,274,000 after acquiring an additional 3,577 shares in the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.
Starwood Property Trust Trading Down 1.6%
NYSE STWD opened at $15.97 on Friday. The company has a market cap of $5.92 billion, a PE ratio of 16.64, a PEG ratio of 2.16 and a beta of 0.98. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.31. Starwood Property Trust, Inc. has a 12 month low of $15.94 and a 12 month high of $20.84. The stock has a 50 day moving average of $16.75 and a 200-day moving average of $17.46.
Starwood Property Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date of this dividend was Tuesday, June 30th. Starwood Property Trust’s dividend payout ratio (DPR) is 200.00%.
Analysts Set New Price Targets
STWD has been the topic of a number of recent research reports. Weiss Ratings downgraded shares of Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Zacks Research raised shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. lowered 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 research note on Thursday, April 16th. Keefe, Bruyette & Woods cut their price target on shares of Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. Finally, UBS Group initiated coverage on shares of Starwood Property Trust in a research note on Tuesday, June 2nd. They set a “buy” rating and a $20.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Starwood Property Trust presently has an average rating of “Moderate Buy” and an average price target of $19.70.
View Our Latest Analysis on STWD
Starwood Property Trust 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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