Zurcher Kantonalbank Zurich Cantonalbank Buys 12,014 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 23.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,274 shares of the real estate investment trust’s stock after buying an additional 12,014 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Starwood Property Trust were worth $1,330,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Allworth Financial LP boosted its holdings in shares of 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 valued at $57,000 after buying an additional 943 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in Starwood Property Trust in the 4th quarter worth about $95,000. Private Trust Co. NA boosted its stake in Starwood Property Trust by 17.8% in 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. Koshinski Asset Management Inc. bought a new position in Starwood Property Trust in the 4th quarter worth about $204,000. Finally, Custom Index Systems LLC bought a new position in Starwood Property Trust in the 4th quarter worth about $215,000. Institutional investors own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Bank of America reissued a “neutral” rating and issued a $21.50 target price (down previously from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. 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 report on Friday, February 23rd. Keefe, Bruyette & Woods decreased their target price on Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a research report on Wednesday, April 10th. BTIG Research decreased their target price on Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. decreased their target price on Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.71.

Insider Activity

In related news, President Jeffrey F. Dimodica sold 100,000 shares of the stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, President Jeffrey F. Dimodica sold 100,000 shares of the stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Jeffrey F. Dimodica sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $20.33, for a total transaction of $508,250.00. Following the completion of the sale, the president now directly owns 925,984 shares of the company’s stock, valued at $18,825,254.72. The disclosure for this sale can be found here. Insiders own 5.40% of the company’s stock.

Starwood Property Trust Price Performance

NYSE STWD opened at $19.51 on Friday. Starwood Property Trust, Inc. has a 52 week low of $16.06 and a 52 week high of $22.29. The firm has a market capitalization of $6.12 billion, a P/E ratio of 18.23 and a beta of 1.65. 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 company has a 50-day moving average price of $19.88 and a 200-day moving average price of $19.94.

Starwood Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.84%. 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.