State of Michigan Retirement System Has $1.49 Million Stock Position in Starwood Property Trust, Inc. (NYSE:STWD)

State of Michigan Retirement System raised its position in shares of Starwood Property Trust, Inc. (NYSE:STWDFree Report) by 2.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,100 shares of the real estate investment trust’s stock after purchasing an additional 1,700 shares during the period. State of Michigan Retirement System’s holdings in Starwood Property Trust were worth $1,486,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in Starwood Property Trust during the first quarter valued at approximately $26,000. Aviance Capital Partners LLC acquired a new position in shares of Starwood Property Trust during the first quarter worth $1,773,000. SteelPeak Wealth LLC acquired a new position in shares of Starwood Property Trust during the first quarter worth $369,000. Seneca House Advisors increased its holdings in shares of Starwood Property Trust by 0.6% during the first quarter. Seneca House Advisors now owns 378,192 shares of the real estate investment trust’s stock worth $7,689,000 after buying an additional 2,379 shares in the last quarter. Finally, Cornerstone Wealth Group LLC acquired a new position in shares of Starwood Property Trust during the first quarter worth $207,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Stock Performance

Shares of STWD opened at $18.80 on Friday. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.80. The stock has a market capitalization of $5.94 billion, a P/E ratio of 13.53 and a beta of 1.69. The firm’s fifty day simple moving average is $19.43 and its two-hundred day simple moving average is $19.95. Starwood Property Trust, Inc. has a 12 month low of $17.07 and a 12 month high of $22.29.

Starwood Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.92 dividend on an annualized basis and a yield of 10.21%. Starwood Property Trust’s dividend payout ratio (DPR) is currently 138.13%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on STWD. JPMorgan Chase & Co. lowered 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. Wolfe Research began coverage on shares of Starwood Property Trust in a report on Tuesday, June 25th. They set a “peer perform” rating for the company. BTIG Research lowered their price target on shares of Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Raymond James reduced their price objective on shares of 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. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of 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. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Starwood Property Trust currently has an average rating of “Moderate Buy” and an average target price of $21.88.

Read Our Latest Stock Report on Starwood Property Trust

Starwood Property Trust 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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