Seneca House Advisors lifted its stake in Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 584,842 shares of the real estate investment trust’s stock after acquiring an additional 38,911 shares during the period. Starwood Property Trust accounts for approximately 3.9% of Seneca House Advisors’ holdings, making the stock its 6th biggest position. Seneca House Advisors owned approximately 0.16% of Starwood Property Trust worth $10,533,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in STWD. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Starwood Property Trust by 106.1% in 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 during the period. 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 worth $27,000 after acquiring an additional 908 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Starwood Property Trust in the 4th quarter worth approximately $28,000. Jackson Grant Investment Advisers Inc. acquired a new stake in shares of Starwood Property Trust in the 3rd quarter worth approximately $29,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Starwood Property Trust in the 3rd quarter worth approximately $30,000. 49.82% of the stock is owned by institutional investors and hedge funds.
Starwood Property Trust Stock Up 0.9%
STWD stock opened at $16.98 on Wednesday. Starwood Property Trust, Inc. has a 12 month low of $16.76 and a 12 month high of $21.05. The firm has a market cap of $6.29 billion, a PE ratio of 17.68, a P/E/G ratio of 2.37 and a beta of 0.98. The firm has a 50 day simple moving average of $17.51 and a 200 day simple moving average of $17.87. The company has a debt-to-equity ratio of 3.31, a current ratio of 1.57 and a quick ratio of 1.57.
Starwood Property Trust Announces Dividend
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 paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.92 annualized dividend and a yield of 11.3%. Starwood Property Trust’s dividend payout ratio is currently 200.00%.
Starwood Property Trust announced that its Board of Directors has approved a stock buyback plan on Thursday, February 26th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the real estate investment trust to reacquire up to 6.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. JPMorgan Chase & Co. reduced their price target on shares of Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Weiss Ratings lowered shares of Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Bank of America reissued a “neutral” rating and set a $19.00 target price on shares of Starwood Property Trust in a research note on Friday, March 6th. Finally, Wells Fargo & Company cut their target price on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Starwood Property Trust has a consensus rating of “Hold” and an average target price of $19.70.
Read Our Latest Report on Starwood Property Trust
Insider Activity at Starwood Property Trust
In related news, Director Jeffrey G. Dishner sold 7,013 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were 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 in the company, valued at approximately $2,880,443.76. This represents a 4.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.80% of the company’s stock.
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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