Raymond James & Associates grew its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 3.3% during the fourth quarter, HoldingsChannel reports. The firm owned 1,249,527 shares of the real estate investment trust’s stock after purchasing an additional 39,711 shares during the quarter. Raymond James & Associates’ holdings in Starwood Property Trust were worth $26,265,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in STWD. BlackRock Inc. raised its position in shares of Starwood Property Trust by 54.6% in the 1st quarter. BlackRock Inc. now owns 29,655,633 shares of the real estate investment trust’s stock worth $524,608,000 after buying an additional 10,468,050 shares during the period. State Street Corp raised its position in shares of Starwood Property Trust by 83.4% in the 1st quarter. State Street Corp now owns 8,584,507 shares of the real estate investment trust’s stock worth $155,952,000 after buying an additional 3,902,840 shares during the period. Norges Bank purchased a new position in shares of Starwood Property Trust in the 4th quarter worth $30,110,000. J.P. Morgan Private Wealth Advisors LLC raised its position in shares of Starwood Property Trust by 84.8% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 2,941,284 shares of the real estate investment trust’s stock worth $56,914,000 after buying an additional 1,349,284 shares during the period. Finally, Northern Trust Corp raised its position in shares of Starwood Property Trust by 26.7% in the 3rd quarter. Northern Trust Corp now owns 3,121,335 shares of the real estate investment trust’s stock worth $60,398,000 after buying an additional 657,180 shares during the period. 49.82% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on STWD shares. JPMorgan Chase & Co. increased their target price on Starwood Property Trust from $20.50 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Wells Fargo & Company raised their price objective on Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. UBS Group initiated coverage on Starwood Property Trust in a research report on Wednesday, December 6th. They issued a “neutral” rating and a $21.00 price objective on the stock. Finally, Bank of America reissued a “neutral” rating and issued a $21.50 price objective (down from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $21.50.
Read Our Latest Analysis on STWD
Insider Activity
In other news, President Jeffrey F. Dimodica sold 25,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $20.33, for a total transaction of $508,250.00. Following the completion of the sale, the president now directly owns 925,984 shares in the company, valued at $18,825,254.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, President Jeffrey F. Dimodica sold 100,000 shares of Starwood Property Trust stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $20.28, for a total value of $2,028,000.00. Following the completion of the transaction, the president now directly owns 1,226,673 shares in the company, valued at $24,876,928.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Jeffrey F. Dimodica sold 25,000 shares of Starwood Property Trust stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $20.33, for a total value of $508,250.00. Following the completion of the transaction, the president now owns 925,984 shares of the company’s stock, valued at $18,825,254.72. The disclosure for this sale can be found here. Insiders own 5.40% of the company’s stock.
Starwood Property Trust Price Performance
Shares of Starwood Property Trust stock opened at $20.33 on Friday. The business has a 50-day moving average of $20.10 and a 200-day moving average of $19.99. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market capitalization of $6.38 billion, a PE ratio of 19.00 and a beta of 1.65. Starwood Property Trust, Inc. has a 1-year low of $16.06 and a 1-year high of $22.29.
Starwood Property Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.48 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.92 annualized dividend and a dividend yield of 9.44%. Starwood Property Trust’s dividend payout ratio is presently 179.44%.
About Starwood Property Trust
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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