Jennison Associates LLC Sells 1,157 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Jennison Associates LLC decreased its position in shares of Starwood Property Trust, Inc. (NYSE:STWDFree Report) by 7.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 14,861 shares of the real estate investment trust’s stock after selling 1,157 shares during the quarter. Jennison Associates LLC’s holdings in Starwood Property Trust were worth $302,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in shares of Starwood Property Trust in the fourth quarter worth $26,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Starwood Property Trust during the 1st quarter valued at about $26,000. ICA Group Wealth Management LLC purchased a new position in shares of Starwood Property Trust during the fourth quarter worth about $28,000. Core Wealth Advisors Inc. bought a new position in shares of Starwood Property Trust in the fourth quarter worth approximately $32,000. Finally, Cape Investment Advisory Inc. purchased a new stake in Starwood Property Trust in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Analyst Ratings Changes

STWD has been the subject of a number of research reports. Raymond James cut their price target on shares of Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating for the company in a research note on Thursday, May 16th. Keefe, Bruyette & Woods dropped their price target on Starwood Property Trust from $20.50 to $20.00 and set a “market perform” rating for the company in a research note on Wednesday. BTIG Research decreased their price objective on Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. JPMorgan Chase & Co. cut 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. Finally, Wolfe Research started coverage on shares of Starwood Property Trust in a report on Tuesday, June 25th. They issued a “peer perform” rating for the company. Five investment 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.81.

View Our Latest Stock Analysis on STWD

Starwood Property Trust Price Performance

NYSE:STWD opened at $19.29 on Thursday. The company has a market capitalization of $6.09 billion, a P/E ratio of 13.87 and a beta of 1.69. The business’s 50-day moving average is $19.42 and its 200 day moving average is $19.88. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.80. 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 business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.96%. The ex-dividend date of this dividend is Thursday, June 27th. Starwood Property Trust’s dividend payout ratio (DPR) is 138.13%.

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.

Further Reading

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

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