Starwood Property Trust, Inc. (NYSE:STWD) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 9.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,261 shares of the real estate investment trust’s stock after selling 23,864 shares during the quarter. New York State Common Retirement Fund’s holdings in Starwood Property Trust were worth $4,693,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Teachers Retirement System of The State of Kentucky grew its position in shares of Starwood Property Trust by 97.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 104,320 shares of the real estate investment trust’s stock worth $2,018,000 after buying an additional 51,504 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Starwood Property Trust by 2,347.1% during the fourth quarter. International Assets Investment Management LLC now owns 270,406 shares of the real estate investment trust’s stock worth $5,684,000 after buying an additional 259,356 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Starwood Property Trust during the third quarter worth approximately $6,772,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Starwood Property Trust during the third quarter worth approximately $506,000. Finally, Northern Trust Corp grew its position in shares of Starwood Property Trust by 26.7% during the third quarter. Northern Trust Corp now owns 3,121,335 shares of the real estate investment trust’s stock worth $60,398,000 after buying an additional 657,180 shares in the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

Insider Buying and Selling at Starwood Property Trust

In other news, President Jeffrey F. Dimodica sold 100,000 shares of the 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 transaction, the president now owns 1,226,673 shares of the company’s stock, valued at $24,876,928.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 5.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of 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. JPMorgan Chase & Co. decreased their price target 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, April 10th. Wells Fargo & Company increased 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. Bank of America restated a “neutral” rating and issued a $21.50 target price (down from $22.50) on shares of Starwood Property Trust in a research note on Monday, March 4th. Finally, BTIG Research dropped their price target on Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.71.

Starwood Property Trust Price Performance

Shares of NYSE:STWD opened at $19.49 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.95. The firm’s 50 day moving average is $19.83 and its two-hundred day moving average is $19.96. The firm has a market capitalization of $6.12 billion, a P/E ratio of 18.21 and a beta of 1.65. 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 firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.85%. The ex-dividend date of this dividend was Wednesday, March 27th. Starwood Property Trust’s dividend payout ratio is currently 179.44%.

About Starwood Property Trust

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.