Stratos Wealth Partners LTD. Buys 3,173 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Stratos Wealth Partners LTD. lifted its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 11.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 30,816 shares of the real estate investment trust’s stock after purchasing an additional 3,173 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Starwood Property Trust were worth $648,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Salem Investment Counselors Inc. lifted its holdings in shares of Starwood Property Trust by 50.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,500 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 500 shares in the last quarter. Raymond James Trust N.A. increased its holdings in shares of Starwood Property Trust by 4.1% in the first quarter. Raymond James Trust N.A. now owns 12,803 shares of the real estate investment trust’s stock worth $309,000 after purchasing an additional 500 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Starwood Property Trust by 5.8% in the fourth quarter. AQR Capital Management LLC now owns 10,661 shares of the real estate investment trust’s stock worth $195,000 after buying an additional 584 shares in the last quarter. Highland Capital Management LLC boosted its stake in Starwood Property Trust by 1.4% during the fourth quarter. Highland Capital Management LLC now owns 43,200 shares of the real estate investment trust’s stock valued at $908,000 after buying an additional 600 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in Starwood Property Trust by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 129,403 shares of the real estate investment trust’s stock worth $2,504,000 after acquiring an additional 650 shares during the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday. Bank of America restated a “neutral” rating and set a $21.50 target price (down from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. Wells Fargo & Company lifted their price target on Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, Keefe, Bruyette & Woods lowered their price objective on Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Starwood Property Trust currently has an average rating of “Hold” and a consensus target price of $21.43.

Insider Buying and Selling

In other Starwood Property Trust news, President Jeffrey F. Dimodica sold 100,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $20.28, for a total value of $2,028,000.00. Following the completion of the sale, the president now directly owns 1,226,673 shares of the company’s stock, valued at approximately $24,876,928.44. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Starwood Property Trust news, President Jeffrey F. Dimodica sold 100,000 shares of the company’s stock in a transaction on 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 completion of the sale, the president now directly owns 1,226,673 shares in the company, valued at approximately $24,876,928.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Jeffrey F. Dimodica sold 25,000 shares of the firm’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 transaction, the president now owns 925,984 shares in the company, valued at approximately $18,825,254.72. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by insiders.

Starwood Property Trust Price Performance

Shares of STWD stock opened at $19.23 on Friday. The stock has a 50 day moving average price of $19.90 and a 200 day moving average price of $19.93. The firm has a market capitalization of $6.04 billion, a P/E ratio of 17.97 and a beta of 1.65. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.75 and a current ratio of 1.75. Starwood Property Trust, Inc. has a 52-week low of $16.06 and a 52-week high of $22.29.

Starwood Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.98%. The ex-dividend date is Wednesday, March 27th. Starwood Property Trust’s payout ratio is presently 179.44%.

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 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.