International Assets Investment Management LLC increased its stake in Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 11.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,275 shares of the real estate investment trust’s stock after purchasing an additional 1,411 shares during the quarter. International Assets Investment Management LLC’s holdings in Starwood Property Trust were worth $286,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC bought a new stake in Starwood Property Trust in the fourth quarter worth about $26,000. ICA Group Wealth Management LLC bought a new stake in Starwood Property Trust in the fourth quarter worth about $28,000. Cape Investment Advisory Inc. bought a new stake in Starwood Property Trust in the fourth quarter worth about $32,000. Core Wealth Advisors Inc. bought a new stake in Starwood Property Trust in the fourth quarter worth about $32,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Starwood Property Trust in the fourth quarter worth about $49,000. Institutional investors and hedge funds own 49.82% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Raymond James dropped their price target on shares of 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. Bank of America restated a “neutral” rating and set a $21.50 price objective (down previously from $22.50) on shares of Starwood Property Trust in a report on Monday, March 4th. BTIG Research cut 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. Keefe, Bruyette & Woods cut their price objective on Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. dropped their target price on Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, April 10th. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $21.88.
View Our Latest Analysis on STWD
Starwood Property Trust Trading Down 1.4 %
Shares of NYSE STWD opened at $19.21 on Wednesday. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 13.82 and a beta of 1.68. The business has a 50 day simple moving average of $19.49 and a 200 day simple moving average of $20.06. 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 Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.48 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.92 annualized dividend and a dividend yield of 10.00%. Starwood Property Trust’s payout ratio is 138.13%.
Insider Activity at Starwood Property Trust
In related news, President Jeffrey F. Dimodica sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $20.28, for a total value of $2,028,000.00. Following the completion of the sale, the president now owns 1,226,673 shares of the company’s stock, valued at approximately $24,876,928.44. The sale was disclosed in a document filed with the SEC, which is available at this link. 5.80% of the stock is currently owned by company insiders.
About Starwood Property Trust
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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