Treasurer of the State of North Carolina Has $2.75 Million Position in Starwood Property Trust, Inc. (NYSE:STWD)

Treasurer of the State of North Carolina boosted its holdings in Starwood Property Trust, Inc. (NYSE:STWDFree Report) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 130,683 shares of the real estate investment trust’s stock after purchasing an additional 1,280 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Starwood Property Trust were worth $2,747,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of STWD. GAMMA Investing LLC acquired a new stake in Starwood Property Trust in the 4th quarter valued at $26,000. Cape Investment Advisory Inc. acquired a new stake in Starwood Property Trust in the 4th quarter valued at $32,000. Allworth Financial LP lifted 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 valued at $57,000 after acquiring an additional 943 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in Starwood Property Trust during the 4th quarter valued at $95,000. Finally, Parkside Financial Bank & Trust lifted its stake in Starwood Property Trust by 9.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 6,436 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 547 shares in the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Trading Up 0.1 %

Shares of Starwood Property Trust stock opened at $19.33 on Thursday. Starwood Property Trust, Inc. has a 52-week low of $17.07 and a 52-week high of $22.29. The stock’s 50-day simple moving average is $19.63 and its 200 day simple moving average is $20.14. The stock has a market capitalization of $6.11 billion, a P/E ratio of 13.91 and a beta of 1.68. The company has a debt-to-equity ratio of 2.80, a quick ratio of 2.49 and a current ratio of 2.49.

Starwood Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.93%. The ex-dividend date was Wednesday, March 27th. Starwood Property Trust’s dividend payout ratio is currently 138.13%.

Analysts Set New Price Targets

STWD has been the topic of several recent analyst reports. Wells Fargo & Company raised their price objective 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. Raymond James dropped their price objective on Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a research note on Thursday, May 16th. Keefe, Bruyette & Woods dropped their price objective on Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a research note on Wednesday, April 10th. JPMorgan Chase & Co. dropped their price objective on Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 10th. Finally, BTIG Research lowered their target price on Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.88.

View Our Latest Stock Analysis on STWD

Insider Activity at Starwood Property Trust

In related 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 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 at this hyperlink. 5.40% of the stock is currently owned by company insiders.

Starwood Property Trust Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

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