US Bancorp DE trimmed its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD – Get Rating) by 5.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,896 shares of the real estate investment trust’s stock after selling 4,498 shares during the quarter. US Bancorp DE’s holdings in Starwood Property Trust were worth $1,418,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Stratos Wealth Partners LTD. raised its stake in shares of Starwood Property Trust by 1.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 27,395 shares of the real estate investment trust’s stock worth $572,000 after buying an additional 463 shares in the last quarter. Raymond James Trust N.A. raised its stake in shares of Starwood Property Trust by 4.1% during the 1st quarter. Raymond James Trust N.A. now owns 12,803 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 500 shares in the last quarter. Weil Company Inc. raised its stake in shares of Starwood Property Trust by 1.2% during the 2nd quarter. Weil Company Inc. now owns 47,114 shares of the real estate investment trust’s stock worth $984,000 after buying an additional 537 shares in the last quarter. MGO One Seven LLC raised its stake in shares of Starwood Property Trust by 3.2% during the 2nd quarter. MGO One Seven LLC now owns 18,119 shares of the real estate investment trust’s stock worth $379,000 after buying an additional 558 shares in the last quarter. Finally, Carson Advisory Inc. raised its stake in shares of Starwood Property Trust by 1.7% during the 2nd quarter. Carson Advisory Inc. now owns 36,200 shares of the real estate investment trust’s stock worth $756,000 after buying an additional 600 shares in the last quarter. 43.77% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Starwood Property Trust
In other Starwood Property Trust news, COO Andrew Jay Sossen sold 18,155 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $21.11, for a total transaction of $383,252.05. Following the sale, the chief operating officer now owns 275,726 shares in the company, valued at approximately $5,820,575.86. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.00% of the stock is owned by insiders.
Starwood Property Trust Price Performance
Starwood Property Trust Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.50%. The ex-dividend date was Thursday, December 29th. Starwood Property Trust’s dividend payout ratio (DPR) is presently 73.56%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on STWD. JPMorgan Chase & Co. cut their target price on Starwood Property Trust from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, October 24th. StockNews.com assumed coverage on Starwood Property Trust in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Credit Suisse Group cut Starwood Property Trust from an “outperform” rating to a “neutral” rating in a report on Monday, January 9th. Finally, BTIG Research lowered their price target on Starwood Property Trust from $29.00 to $24.00 in a report on Tuesday, November 1st. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Starwood Property Trust has an average rating of “Moderate Buy” and a consensus target price of $25.58.
Starwood Property Trust Profile
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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