Russell Investments Group Ltd. lessened its position in Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 115,604 shares of the real estate investment trust’s stock after selling 12,615 shares during the quarter. Russell Investments Group Ltd.’s holdings in Starwood Property Trust were worth $2,432,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in shares of Starwood Property Trust in the fourth quarter worth $26,000. Allworth Financial LP increased its holdings in Starwood Property Trust by 52.7% during the 4th quarter. Allworth Financial LP now owns 2,734 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 943 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in Starwood Property Trust in the 4th quarter valued at about $95,000. Parkside Financial Bank & Trust boosted its stake in shares of Starwood Property Trust by 9.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 6,436 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 547 shares during the period. Finally, Private Trust Co. NA grew its position in shares of Starwood Property Trust by 17.8% during the fourth quarter. Private Trust Co. NA now owns 6,717 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 1,017 shares in the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.
Insider Activity at Starwood Property Trust
In other Starwood Property Trust news, President Jeffrey F. Dimodica sold 100,000 shares of Starwood Property Trust stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $20.28, for a total value of $2,028,000.00. Following 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 document filed with the SEC, which is available at the SEC website. 5.80% of the stock is owned by insiders.
Starwood Property Trust Trading Up 1.9 %
NYSE:STWD opened at $20.64 on Wednesday. The company has a market capitalization of $6.52 billion, a PE ratio of 14.85 and a beta of 1.65. Starwood Property Trust, Inc. has a 52-week low of $16.08 and a 52-week high of $22.29. The stock’s 50 day moving average price is $19.83 and its 200 day moving average price is $20.07. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.80.
Starwood Property Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.30%. Starwood Property Trust’s payout ratio is 138.13%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. lowered their target price on shares of Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, April 10th. Bank of America reaffirmed a “neutral” rating and set a $21.50 price target (down from $22.50) on shares of Starwood Property Trust in a report on Monday, March 4th. BTIG Research dropped their price objective on Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Finally, Keefe, Bruyette & Woods decreased their target price on 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. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Starwood Property Trust presently has an average rating of “Moderate Buy” and an average price target of $21.71.
Get Our Latest Stock Analysis on Starwood Property Trust
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.
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