Global Retirement Partners LLC Has $675,000 Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Global Retirement Partners LLC grew its holdings in Starwood Property Trust, Inc. (NYSE:STWDFree Report) by 52.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,997 shares of the real estate investment trust’s stock after purchasing an additional 11,367 shares during the quarter. Global Retirement Partners LLC’s holdings in Starwood Property Trust were worth $675,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. BlackRock Inc. grew its holdings in Starwood Property Trust by 3.2% during the 2nd quarter. BlackRock Inc. now owns 30,598,342 shares of the real estate investment trust’s stock worth $593,608,000 after acquiring an additional 942,709 shares during the period. Vanguard Group Inc. increased its holdings in Starwood Property Trust by 1.8% in the third quarter. Vanguard Group Inc. now owns 27,349,821 shares of the real estate investment trust’s stock valued at $498,314,000 after purchasing an additional 474,537 shares during the last quarter. State Street Corp lifted its stake in Starwood Property Trust by 83.4% in the first quarter. State Street Corp now owns 8,584,507 shares of the real estate investment trust’s stock valued at $155,952,000 after buying an additional 3,902,840 shares during the period. Geode Capital Management LLC boosted its holdings in Starwood Property Trust by 5.1% during the second quarter. Geode Capital Management LLC now owns 4,630,994 shares of the real estate investment trust’s stock worth $90,478,000 after buying an additional 226,527 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Starwood Property Trust by 20.4% in the 1st quarter. Ameriprise Financial Inc. now owns 3,625,804 shares of the real estate investment trust’s stock valued at $64,130,000 after acquiring an additional 613,539 shares during the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

Shares of Starwood Property Trust stock opened at $20.33 on Monday. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 19.00 and a beta of 1.65. The stock’s 50-day moving average is $20.10 and its 200-day moving average is $19.98. Starwood Property Trust, Inc. has a one year low of $16.06 and a one year high of $22.29.

Starwood Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.44%. The ex-dividend date of this dividend is Wednesday, March 27th. Starwood Property Trust’s dividend payout ratio (DPR) is currently 179.44%.

Insider Transactions at Starwood Property Trust

In other news, President Jeffrey F. Dimodica sold 25,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $20.33, for a total value of $508,250.00. Following the sale, the president now owns 925,984 shares of the company’s stock, valued at $18,825,254.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, President Jeffrey F. Dimodica sold 25,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $20.33, for a total value of $508,250.00. Following the completion of the transaction, the president now owns 925,984 shares in the company, valued at approximately $18,825,254.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Jeffrey F. Dimodica sold 100,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $20.28, for a total value of $2,028,000.00. Following the sale, the president now owns 1,226,673 shares in the company, valued at approximately $24,876,928.44. The disclosure for this sale can be found here. Company insiders own 5.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on STWD shares. Wells Fargo & Company lifted their price objective on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. UBS Group started coverage on shares of Starwood Property Trust in a research report on Wednesday, December 6th. They issued a “neutral” rating and a $21.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on Starwood Property Trust from $20.50 to $21.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Finally, Bank of America reaffirmed a “neutral” rating and set a $21.50 price target (down previously from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $21.50.

Read Our Latest Stock Report on STWD

About Starwood Property Trust

(Free Report)

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through 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.

Further Reading

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

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