Bessemer Group Inc. trimmed its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 6.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,679 shares of the real estate investment trust’s stock after selling 3,050 shares during the quarter. Bessemer Group Inc.’s holdings in Starwood Property Trust were worth $908,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its position in Starwood Property Trust by 615.8% in the fourth quarter. BNP Paribas Financial Markets now owns 149,339 shares of the real estate investment trust’s stock worth $3,139,000 after acquiring an additional 128,477 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Starwood Property Trust by 77.1% during the 4th quarter. Brown Advisory Inc. now owns 105,596 shares of the real estate investment trust’s stock valued at $2,220,000 after purchasing an additional 45,983 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Starwood Property Trust by 233.4% during the 4th quarter. Victory Capital Management Inc. now owns 180,403 shares of the real estate investment trust’s stock valued at $3,792,000 after buying an additional 126,298 shares in the last quarter. Cibc World Markets Corp bought a new stake in Starwood Property Trust in the 4th quarter worth approximately $2,091,000. Finally, International Assets Investment Management LLC boosted its stake in Starwood Property Trust by 2,347.1% in the fourth quarter. International Assets Investment Management LLC now owns 270,406 shares of the real estate investment trust’s stock worth $5,684,000 after buying an additional 259,356 shares in the last quarter. 49.82% of the stock is currently owned by hedge funds and other institutional investors.
Starwood Property Trust Stock Up 1.4 %
Shares of NYSE:STWD opened at $19.90 on Friday. The firm has a market capitalization of $6.29 billion, a P/E ratio of 14.32 and a beta of 1.69. The stock has a 50 day moving average price of $19.40 and a 200-day moving average price of $19.79. Starwood Property Trust, Inc. has a 52-week low of $17.07 and a 52-week high of $22.29. The company has a debt-to-equity ratio of 2.80, a quick ratio of 2.49 and a current ratio of 2.49.
Starwood Property Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.65%. The ex-dividend date of this dividend is Monday, September 30th. Starwood Property Trust’s dividend payout ratio (DPR) is presently 138.13%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on STWD shares. JPMorgan Chase & Co. upped their price objective on shares of Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Wolfe Research began coverage on shares of Starwood Property Trust in a research report on Tuesday, June 25th. They set a “peer perform” rating for the company. BTIG Research reissued a “buy” rating and issued a $24.00 target price on shares of Starwood Property Trust in a research note on Friday, July 19th. Raymond James reduced their price target on 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. Finally, Keefe, Bruyette & Woods lowered their price objective on Starwood Property Trust from $20.50 to $20.00 and set a “market perform” rating for the company in a research report on Wednesday, July 10th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.71.
Get Our Latest Stock Report on STWD
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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