ProShare Advisors LLC cut its position in Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 7.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,517 shares of the real estate investment trust’s stock after selling 1,135 shares during the quarter. ProShare Advisors LLC’s holdings in Starwood Property Trust were worth $295,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Starwood Property Trust by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 28,852,499 shares of the real estate investment trust’s stock valued at $606,480,000 after purchasing an additional 72,461 shares in the last quarter. Norges Bank bought a new position in Starwood Property Trust in the 4th quarter valued at approximately $62,447,000. Wells Fargo & Company MN boosted its position in Starwood Property Trust by 2.7% in the fourth quarter. Wells Fargo & Company MN now owns 2,246,265 shares of the real estate investment trust’s stock valued at $47,216,000 after buying an additional 58,836 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Starwood Property Trust by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,929,579 shares of the real estate investment trust’s stock worth $40,560,000 after buying an additional 52,613 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Starwood Property Trust by 4.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,386,747 shares of the real estate investment trust’s stock worth $28,193,000 after buying an additional 64,675 shares in the last quarter. Institutional investors own 49.82% of the company’s stock.
Starwood Property Trust Stock Up 1.4 %
Starwood Property Trust stock opened at $19.90 on Friday. The company has a market capitalization of $6.29 billion, a P/E ratio of 14.32 and a beta of 1.69. Starwood Property Trust, Inc. has a twelve month low of $17.07 and a twelve month high of $22.29. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.80. The firm has a 50 day moving average price of $19.40 and a 200-day moving average price of $19.79.
Starwood Property Trust Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors 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 yield of 9.65%. The ex-dividend date is Monday, September 30th. Starwood Property Trust’s dividend payout ratio (DPR) is presently 138.13%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods decreased their price target on Starwood Property Trust from $20.50 to $20.00 and set a “market perform” rating for the company in a research note on Wednesday, July 10th. JPMorgan Chase & Co. increased their target price on shares of Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Wolfe Research initiated coverage on shares of Starwood Property Trust in a research note on Tuesday, June 25th. They issued a “peer perform” rating for the company. BTIG Research restated a “buy” rating and issued a $24.00 target price on shares of Starwood Property Trust in a research note on Friday, July 19th. Finally, Raymond James lowered their target price 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. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $21.71.
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.
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