RFG Advisory LLC boosted its stake in Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,621 shares of the real estate investment trust’s stock after purchasing an additional 2,586 shares during the period. RFG Advisory LLC’s holdings in Starwood Property Trust were worth $2,473,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC acquired a new stake in shares of Starwood Property Trust in the fourth quarter valued at about $26,000. ICA Group Wealth Management LLC bought a new position in Starwood Property Trust during the fourth quarter worth $28,000. Core Wealth Advisors Inc. acquired a new position in Starwood Property Trust in the fourth quarter valued at $32,000. Cape Investment Advisory Inc. bought a new stake in Starwood Property Trust during the fourth quarter valued at $32,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Starwood Property Trust in the 4th quarter worth about $49,000. Institutional investors and hedge funds own 49.82% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods dropped their price target on Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a research note on Wednesday, April 10th. JPMorgan Chase & Co. decreased their target price on Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, April 10th. Raymond James decreased their price objective on Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating for the company in a report on Thursday, May 16th. BTIG Research cut their target price 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, Bank of America restated a “neutral” rating and set a $21.50 price target (down previously from $22.50) on shares of Starwood Property Trust in a research note on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.88.
Read Our Latest Stock Analysis on Starwood Property Trust
Insiders Place Their Bets
In other news, President Jeffrey F. Dimodica sold 100,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $20.28, for a total transaction of $2,028,000.00. Following the completion of the transaction, the president now owns 1,226,673 shares in the company, valued at approximately $24,876,928.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.40% of the company’s stock.
Starwood Property Trust Stock Performance
Shares of Starwood Property Trust stock opened at $19.34 on Friday. The business’s fifty day simple moving average is $19.47 and its 200 day simple moving average is $20.06. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.80. Starwood Property Trust, Inc. has a 12 month low of $17.07 and a 12 month high of $22.29. The firm has a market capitalization of $6.11 billion, a P/E ratio of 13.91 and a beta of 1.68.
Starwood Property Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.93%. The ex-dividend date is Thursday, June 27th. Starwood Property Trust’s dividend payout ratio (DPR) is 138.13%.
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.
Further Reading
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