Greenleaf Trust Takes Position in Starwood Property Trust, Inc. (NYSE:STWD)

Greenleaf Trust acquired a new stake in Starwood Property Trust, Inc. (NYSE:STWD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,926 shares of the real estate investment trust’s stock, valued at approximately $230,000.

Other institutional investors have also modified their holdings of the company. Allworth Financial LP grew its stake in Starwood Property Trust by 52.7% during the 4th quarter. Allworth Financial LP now owns 2,734 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 943 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in Starwood Property Trust during the 4th quarter worth $95,000. Private Trust Co. NA grew its stake in Starwood Property Trust by 17.8% during the 4th quarter. Private Trust Co. NA now owns 6,717 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 1,017 shares in the last quarter. Scissortail Wealth Management LLC acquired a new position in Starwood Property Trust during the 4th quarter worth $201,000. Finally, Koshinski Asset Management Inc. acquired a new position in Starwood Property Trust during the 4th quarter worth $204,000. 49.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STWD has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. lowered their target price on Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, April 10th. Keefe, Bruyette & Woods decreased their price target on Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a report on Wednesday, April 10th. BTIG Research decreased their price target on Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Finally, Bank of America reaffirmed a “neutral” rating and set a $21.50 price target (down from $22.50) on shares of Starwood Property Trust in a report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $21.71.

Insider Activity

In other news, 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, 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 5.40% of the company’s stock.

Starwood Property Trust Stock Down 1.6 %

Starwood Property Trust stock opened at $19.40 on Thursday. Starwood Property Trust, Inc. has a fifty-two week low of $16.06 and a fifty-two week high of $22.29. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market capitalization of $6.09 billion, a P/E ratio of 18.13 and a beta of 1.65. The stock has a 50-day simple moving average of $19.88 and a 200-day simple moving average of $19.95.

Starwood Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 9.90%. The ex-dividend date of this dividend was Wednesday, March 27th. Starwood Property Trust’s payout ratio is currently 179.44%.

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.