Citigroup Inc. Decreases Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Citigroup Inc. reduced its position in Starwood Property Trust, Inc. (NYSE:STWD) by 69.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,201 shares of the real estate investment trust’s stock after selling 277,607 shares during the period. Citigroup Inc.’s holdings in Starwood Property Trust were worth $2,126,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Credit Suisse AG grew its stake in Starwood Property Trust by 4.0% in the first quarter. Credit Suisse AG now owns 479,287 shares of the real estate investment trust’s stock worth $8,479,000 after purchasing an additional 18,614 shares in the last quarter. Private Advisor Group LLC bought a new position in Starwood Property Trust in the first quarter worth about $613,000. International Assets Investment Management LLC lifted its holdings in Starwood Property Trust by 54.7% in the first quarter. International Assets Investment Management LLC now owns 30,717 shares of the real estate investment trust’s stock worth $543,000 after acquiring an additional 10,860 shares during the last quarter. Lake Street Financial LLC bought a new stake in shares of Starwood Property Trust during the first quarter valued at approximately $2,487,000. Finally, Oregon Public Employees Retirement Fund bought a new stake in shares of Starwood Property Trust during the first quarter valued at approximately $1,598,000. 49.60% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Trading Down 0.8 %

Shares of NYSE:STWD opened at $20.33 on Thursday. The firm has a fifty day moving average of $20.23 and a two-hundred day moving average of $18.74. The firm has a market capitalization of $6.36 billion, a P/E ratio of 11.61 and a beta of 1.60. Starwood Property Trust, Inc. has a 12-month low of $16.06 and a 12-month high of $23.97. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 2.98.

Starwood Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.45%. The ex-dividend date of this dividend was Thursday, June 29th. Starwood Property Trust’s dividend payout ratio (DPR) is currently 109.71%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on STWD. StockNews.com assumed coverage on Starwood Property Trust in a report on Thursday, August 17th. They set a “hold” rating on the stock. JPMorgan Chase & Co. lifted their price target on shares of Starwood Property Trust from $18.50 to $21.50 in a research report on Monday, July 24th. BTIG Research lifted their price objective on shares of Starwood Property Trust from $19.00 to $21.00 in a research report on Friday, June 30th. Finally, JMP Securities lowered their price objective on shares of Starwood Property Trust from $26.00 to $24.00 and set a “market outperform” rating on the stock in a research report on Friday, July 14th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Starwood Property Trust currently has an average rating of “Moderate Buy” and an average target price of $21.70.

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.