Whittier Trust Co. of Nevada Inc. bought a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,500 shares of the real estate investment trust’s stock, valued at approximately $95,000.
Other large investors have also recently made changes to their positions in the company. Jeppson Wealth Management LLC increased its holdings in Starwood Property Trust by 3.7% during the 4th quarter. Jeppson Wealth Management LLC now owns 21,060 shares of the real estate investment trust’s stock worth $443,000 after acquiring an additional 753 shares during the period. Raymond James Trust N.A. lifted its position in Starwood Property Trust by 37.9% during the fourth quarter. Raymond James Trust N.A. now owns 26,395 shares of the real estate investment trust’s stock valued at $555,000 after purchasing an additional 7,256 shares during the last quarter. KMG Fiduciary Partners LLC grew its stake in Starwood Property Trust by 0.9% in the 4th quarter. KMG Fiduciary Partners LLC now owns 191,114 shares of the real estate investment trust’s stock worth $4,017,000 after buying an additional 1,792 shares in the last quarter. Arden Trust Co increased its holdings in shares of Starwood Property Trust by 17.7% in the 4th quarter. Arden Trust Co now owns 114,437 shares of the real estate investment trust’s stock worth $2,405,000 after buying an additional 17,216 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of Starwood Property Trust by 97.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 104,320 shares of the real estate investment trust’s stock valued at $2,018,000 after buying an additional 51,504 shares in the last quarter. 49.60% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research firms have recently issued reports on STWD. JPMorgan Chase & Co. upped their price objective on Starwood Property Trust from $20.50 to $21.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Wells Fargo & Company boosted their price objective on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. UBS Group began coverage on shares of Starwood Property Trust in a report on Wednesday, December 6th. They set a “neutral” rating and a $21.00 target price on the stock. Finally, Bank of America restated a “neutral” rating and set a $21.50 price target (down from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $21.50.
Get Our Latest Stock Report on Starwood Property Trust
Insiders Place Their Bets
In related news, President Jeffrey F. Dimodica sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $20.33, for a total transaction of $508,250.00. Following the sale, the president now owns 925,984 shares of the company’s stock, valued at $18,825,254.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Starwood Property Trust news, President Jeffrey F. Dimodica sold 25,000 shares of Starwood Property Trust stock in a transaction on 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 sale, the president now owns 925,984 shares of the company’s stock, valued at approximately $18,825,254.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Jeffrey F. Dimodica sold 75,000 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $22.06, for a total value of $1,654,500.00. Following the transaction, the president now directly owns 950,984 shares in the company, valued at $20,978,707.04. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by company insiders.
Starwood Property Trust Stock Down 1.3 %
Shares of NYSE STWD opened at $20.35 on Friday. The firm has a fifty day simple moving average of $20.12 and a two-hundred day simple moving average of $19.99. Starwood Property Trust, Inc. has a 12 month low of $16.06 and a 12 month high of $22.29. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.95. The firm has a market capitalization of $6.38 billion, a PE ratio of 19.02 and a beta of 1.65.
Starwood Property Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.43%. The ex-dividend date is Wednesday, March 27th. Starwood Property Trust’s payout ratio is currently 179.44%.
Starwood Property Trust Company 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.
Featured Articles
Want to see what other hedge funds are holding STWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starwood Property Trust, Inc. (NYSE:STWD – Free Report).
Receive News & Ratings for Starwood Property Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Starwood Property Trust and related companies with MarketBeat.com’s FREE daily email newsletter.
