Commonwealth Equity Services LLC Raises Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Commonwealth Equity Services LLC lifted its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 6.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 249,307 shares of the real estate investment trust’s stock after purchasing an additional 14,690 shares during the quarter. Commonwealth Equity Services LLC owned 0.08% of Starwood Property Trust worth $4,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of STWD. Vanguard Group Inc. lifted its stake in Starwood Property Trust by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 27,349,821 shares of the real estate investment trust’s stock valued at $498,314,000 after acquiring an additional 474,537 shares during the period. State Street Corp grew its position in Starwood Property Trust by 5.1% in the 1st quarter. State Street Corp now owns 4,761,333 shares of the real estate investment trust’s stock worth $117,330,000 after purchasing an additional 231,043 shares during the period. Geode Capital Management LLC boosted its stake in shares of Starwood Property Trust by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 4,150,140 shares of the real estate investment trust’s stock worth $76,072,000 after buying an additional 290,687 shares during the last quarter. Bank of New York Mellon Corp increased its position in Starwood Property Trust by 56.6% during the first quarter. Bank of New York Mellon Corp now owns 3,703,445 shares of the real estate investment trust’s stock valued at $65,514,000 after acquiring an additional 1,338,795 shares during the last quarter. Finally, First Republic Investment Management Inc. lifted its holdings in Starwood Property Trust by 14.3% in the first quarter. First Republic Investment Management Inc. now owns 2,600,221 shares of the real estate investment trust’s stock valued at $62,847,000 after acquiring an additional 325,646 shares during the period. 49.60% of the stock is owned by institutional investors.

Starwood Property Trust Price Performance

Shares of Starwood Property Trust stock opened at $20.68 on Friday. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 11.82 and a beta of 1.59. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 2.98. The stock’s 50-day simple moving average is $20.15 and its 200-day simple moving average is $18.75. Starwood Property Trust, Inc. has a 52 week low of $16.06 and a 52 week high of $23.97.

Starwood Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a $0.48 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $1.92 annualized dividend and a yield of 9.28%. Starwood Property Trust’s payout ratio is 109.71%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. JMP Securities reduced their price target on shares of Starwood Property Trust from $26.00 to $24.00 and set a “market outperform” rating for the company in a research report on Friday, July 14th. StockNews.com began coverage on shares of Starwood Property Trust in a research note on Thursday, August 17th. They set a “hold” rating on the stock. JPMorgan Chase & Co. raised their target price on Starwood Property Trust from $18.50 to $21.50 in a report on Monday, July 24th. Finally, BTIG Research boosted their price target on Starwood Property Trust from $19.00 to $21.00 in a report on Friday, June 30th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.42.

Starwood Property Trust Company Profile

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company 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, include distressed or non-performing loans.