Future Financial Wealth Managment LLC bought a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD – Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,150 shares of the real estate investment trust’s stock, valued at approximately $44,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Parkside Financial Bank & Trust lifted its holdings in shares of Starwood Property Trust by 9.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 6,436 shares of the real estate investment trust’s stock worth $135,000 after acquiring an additional 547 shares during the last quarter. Highland Capital Management LLC lifted its stake in Starwood Property Trust by 1.4% during the fourth quarter. Highland Capital Management LLC now owns 43,200 shares of the real estate investment trust’s stock worth $908,000 after purchasing an additional 600 shares during the last quarter. Advisory Services Network LLC boosted its holdings in shares of Starwood Property Trust by 7.3% in the 4th quarter. Advisory Services Network LLC now owns 9,455 shares of the real estate investment trust’s stock worth $199,000 after purchasing an additional 644 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of Starwood Property Trust by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 129,403 shares of the real estate investment trust’s stock valued at $2,504,000 after purchasing an additional 650 shares during the last quarter. Finally, Commerce Bank raised its holdings in shares of Starwood Property Trust by 5.3% during the 4th quarter. Commerce Bank now owns 13,178 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 664 shares in the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on STWD shares. Raymond James reduced their price target on shares of Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a research report on Thursday, May 16th. Keefe, Bruyette & Woods lowered their price target on shares of Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a research note on Wednesday, April 10th. Wolfe Research initiated coverage on Starwood Property Trust in a research note on Tuesday. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. decreased their price objective on Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, April 10th. Finally, Bank of America restated a “neutral” rating and set a $21.50 target price (down from $22.50) on shares of Starwood Property Trust in a report on Monday, March 4th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.88.
Get Our Latest Stock Analysis on Starwood Property Trust
Starwood Property Trust Stock Down 0.5 %
Shares of NYSE:STWD opened at $19.15 on Friday. The stock’s 50-day moving average is $19.49 and its 200 day moving average is $20.04. The company has a market cap of $6.05 billion, a PE ratio of 13.78 and a beta of 1.68. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.49 and a quick ratio of 2.49. Starwood Property Trust, Inc. has a 1 year low of $17.07 and a 1 year high of $22.29.
Starwood Property Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.48 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.92 annualized dividend and a dividend yield of 10.03%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 138.13%.
Starwood Property Trust Profile
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.
Further Reading
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