Mutual of America Capital Management LLC Buys 1,934 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Mutual of America Capital Management LLC grew its stake in Starwood Property Trust, Inc. (NYSE:STWDGet Rating) by 2.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,389 shares of the real estate investment trust’s stock after acquiring an additional 1,934 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Starwood Property Trust were worth $1,470,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Valley National Advisers Inc. acquired a new position in Starwood Property Trust during the 1st quarter worth approximately $34,000. Sugarloaf Wealth Management LLC acquired a new stake in Starwood Property Trust during the 2nd quarter valued at $31,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Starwood Property Trust during the 1st quarter valued at $48,000. GPS Wealth Strategies Group LLC lifted its holdings in Starwood Property Trust by 100.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 2,000 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 1,000 shares during the last quarter. Finally, MCF Advisors LLC acquired a new stake in Starwood Property Trust during the 1st quarter valued at $52,000. 45.02% of the stock is owned by institutional investors.

Insider Buying and Selling at Starwood Property Trust

In other Starwood Property Trust news, COO Andrew Jay Sossen sold 18,155 shares of Starwood Property Trust stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $21.11, for a total value of $383,252.05. Following the transaction, the chief operating officer now owns 275,726 shares in the company, valued at $5,820,575.86. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Credit Suisse Group lowered their price objective on Starwood Property Trust to $22.50 in a research report on Thursday, October 13th. JMP Securities decreased their price target on Starwood Property Trust from $28.00 to $26.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 9th. JPMorgan Chase & Co. decreased their price target on Starwood Property Trust from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, October 24th. Bank of America restated a “buy” rating and issued a $26.00 price target on shares of Starwood Property Trust in a research report on Tuesday, September 6th. Finally, StockNews.com assumed coverage on Starwood Property Trust in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $25.58.

Starwood Property Trust Stock Performance

Starwood Property Trust stock opened at $21.07 on Friday. Starwood Property Trust, Inc. has a 12-month low of $17.69 and a 12-month high of $26.34. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.86. The business’s 50-day moving average price is $20.26 and its two-hundred day moving average price is $21.86. The stock has a market cap of $6.52 billion, a PE ratio of 8.07 and a beta of 1.49.

Starwood Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.11%. The ex-dividend date of this dividend was Thursday, September 29th. Starwood Property Trust’s dividend payout ratio is presently 73.56%.

Starwood Property Trust Company Profile

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

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