Nisa Investment Advisors LLC raised its position in shares of Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 194.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 207,814 shares of the real estate investment trust’s stock after buying an additional 137,294 shares during the period. Nisa Investment Advisors LLC owned about 0.06% of Starwood Property Trust worth $4,137,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the company. QRG Capital Management Inc. grew its stake in shares of Starwood Property Trust by 9.0% during the second quarter. QRG Capital Management Inc. now owns 250,278 shares of the real estate investment trust’s stock valued at $5,023,000 after purchasing an additional 20,703 shares during the last quarter. Grassi Investment Management lifted its holdings in Starwood Property Trust by 168.1% during the 2nd quarter. Grassi Investment Management now owns 95,700 shares of the real estate investment trust’s stock worth $1,921,000 after buying an additional 60,000 shares in the last quarter. Boston Partners boosted its position in Starwood Property Trust by 124.4% in the 2nd quarter. Boston Partners now owns 1,102,847 shares of the real estate investment trust’s stock valued at $22,060,000 after buying an additional 611,303 shares during the last quarter. Advisors Capital Management LLC boosted its position in Starwood Property Trust by 1.9% in the 2nd quarter. Advisors Capital Management LLC now owns 1,382,338 shares of the real estate investment trust’s stock valued at $27,744,000 after buying an additional 25,624 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Starwood Property Trust by 11.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 492,685 shares of the real estate investment trust’s stock valued at $9,888,000 after buying an additional 50,247 shares during the period. Institutional investors own 49.82% of the company’s stock.
Starwood Property Trust Price Performance
Starwood Property Trust stock opened at $18.24 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 2.98. The firm has a market capitalization of $6.75 billion, a P/E ratio of 17.37 and a beta of 1.13. The business has a 50-day moving average of $18.24 and a 200-day moving average of $19.24. Starwood Property Trust, Inc. has a 1 year low of $16.59 and a 1 year high of $21.05.
Starwood Property Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.48 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.5%. Starwood Property Trust’s dividend payout ratio is currently 182.86%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. Wells Fargo & Company cut their price target on Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 11th. Weiss Ratings restated a “hold (c)” rating on shares of Starwood Property Trust in a research report on Wednesday, October 8th. Zacks Research cut shares of Starwood Property Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Wednesday, November 12th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $20.63.
Check Out Our Latest Stock Report on STWD
Starwood Property Trust Company Profile
Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.
Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.
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