Commonwealth Equity Services LLC boosted its position in shares of Starwood Property Trust, Inc. (NYSE:STWD – Get Rating) by 3.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 184,673 shares of the real estate investment trust’s stock after buying an additional 5,978 shares during the period. Commonwealth Equity Services LLC’s holdings in Starwood Property Trust were worth $4,463,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Ellevest Inc. boosted its stake in Starwood Property Trust by 1,076.1% during the first quarter. Ellevest Inc. now owns 1,082 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 990 shares in the last quarter. Covestor Ltd bought a new position in Starwood Property Trust during the fourth quarter valued at about $42,000. Bessemer Group Inc. bought a new position in Starwood Property Trust during the fourth quarter valued at about $49,000. UMB Bank N A MO bought a new position in Starwood Property Trust during the fourth quarter valued at about $51,000. Finally, First Personal Financial Services bought a new position in Starwood Property Trust during the first quarter valued at about $51,000. Institutional investors own 46.13% of the company’s stock.
Starwood Property Trust Trading Up 0.6 %
NYSE:STWD opened at $23.58 on Friday. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 2.66. Starwood Property Trust, Inc. has a 1-year low of $19.69 and a 1-year high of $26.35. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 10.87 and a beta of 1.46. The stock has a fifty day simple moving average of $22.19 and a 200 day simple moving average of $23.24.
Starwood Property Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were given a $0.48 dividend. The ex-dividend date was Wednesday, June 29th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.14%. Starwood Property Trust’s dividend payout ratio (DPR) is 88.48%.
Analyst Ratings Changes
Separately, Credit Suisse Group decreased their target price on Starwood Property Trust to $25.50 in a research note on Friday, July 22nd.
About Starwood Property Trust
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States, Europe, and Australia. It operates through four segments: 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, including distressed or non-performing loans.
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