Starwood Property Trust, Inc. (NYSE:STWD) Shares Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC lifted its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 74.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,598 shares of the real estate investment trust’s stock after acquiring an additional 8,824 shares during the quarter. Sterling Capital Management LLC’s holdings in Starwood Property Trust were worth $390,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Albion Financial Group UT acquired a new position in Starwood Property Trust during the fourth quarter worth $28,000. Brooklyn Investment Group lifted its stake in Starwood Property Trust by 86.1% during the 4th quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 730 shares in the last quarter. UMB Bank n.a. grew its position in Starwood Property Trust by 69.7% in the 4th quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 717 shares in the last quarter. Hurley Capital LLC purchased a new stake in Starwood Property Trust during the fourth quarter worth about $36,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Starwood Property Trust by 83.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,881 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 854 shares in the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Price Performance

Starwood Property Trust stock opened at $18.56 on Friday. The stock has a market cap of $6.27 billion, a P/E ratio of 15.87 and a beta of 1.34. The company has a fifty day simple moving average of $19.47 and a 200-day simple moving average of $19.57. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61. Starwood Property Trust, Inc. has a 12-month low of $16.59 and a 12-month high of $21.17.

Starwood Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.92 annualized dividend and a dividend yield of 10.34%. Starwood Property Trust’s dividend payout ratio is currently 174.55%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on STWD. UBS Group dropped their price objective on shares of Starwood Property Trust from $19.50 to $19.00 and set a “neutral” rating for the company in a report on Wednesday. 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 Monday, April 7th. Finally, JPMorgan Chase & Co. reduced their price objective on Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.86.

Starwood Property Trust Profile

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.