Allworth Financial LP Buys 943 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Allworth Financial LP boosted its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 52.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,734 shares of the real estate investment trust’s stock after purchasing an additional 943 shares during the quarter. Allworth Financial LP’s holdings in Starwood Property Trust were worth $57,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Starwood Property Trust by 54.6% during the first quarter. BlackRock Inc. now owns 29,655,633 shares of the real estate investment trust’s stock worth $524,608,000 after buying an additional 10,468,050 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Starwood Property Trust by 1.8% during the third quarter. Vanguard Group Inc. now owns 27,349,821 shares of the real estate investment trust’s stock worth $498,314,000 after buying an additional 474,537 shares in the last quarter. State Street Corp lifted its holdings in shares of Starwood Property Trust by 83.4% during the first quarter. State Street Corp now owns 8,584,507 shares of the real estate investment trust’s stock worth $155,952,000 after buying an additional 3,902,840 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Starwood Property Trust by 6.1% during the first quarter. Geode Capital Management LLC now owns 4,404,467 shares of the real estate investment trust’s stock worth $78,592,000 after buying an additional 254,327 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Starwood Property Trust by 20.4% during the first quarter. Ameriprise Financial Inc. now owns 3,625,804 shares of the real estate investment trust’s stock worth $64,130,000 after buying an additional 613,539 shares in the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

Analysts Set New Price Targets

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

Starwood Property Trust Stock Performance

Starwood Property Trust stock opened at $19.23 on Friday. Starwood Property Trust, Inc. has a 12-month low of $16.06 and a 12-month high of $22.29. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.95. The business’s 50-day moving average price is $19.90 and its two-hundred day moving average price is $19.93. The stock has a market cap of $6.04 billion, a PE ratio of 17.97 and a beta of 1.65.

Starwood Property Trust Announces Dividend

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

Insider Buying and Selling at Starwood Property Trust

In other Starwood Property Trust news, President Jeffrey F. Dimodica sold 25,000 shares of Starwood Property Trust 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 transaction, the president now owns 925,984 shares in the company, valued at $18,825,254.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, President Jeffrey F. Dimodica sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $20.33, for a total transaction of $508,250.00. Following the sale, the president now directly owns 925,984 shares in the company, valued at $18,825,254.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Jeffrey F. Dimodica sold 100,000 shares of the business’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 $24,876,928.44. The disclosure for this sale can be found here. Company insiders own 5.40% of the company’s stock.

Starwood Property Trust 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.