Amalgamated Bank Sells 12,821 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Amalgamated Bank lowered its position in Starwood Property Trust, Inc. (NYSE:STWD) by 6.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 192,415 shares of the real estate investment trust’s stock after selling 12,821 shares during the period. Amalgamated Bank’s holdings in Starwood Property Trust were worth $3,912,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in Starwood Property Trust in the 4th quarter worth $62,447,000. J.P. Morgan Private Wealth Advisors LLC boosted its stake in Starwood Property Trust by 84.8% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 2,941,284 shares of the real estate investment trust’s stock worth $56,914,000 after purchasing an additional 1,349,284 shares during the period. Waterfront Capital Partners LLC acquired a new position in Starwood Property Trust in the 4th quarter worth $15,997,000. Northern Trust Corp boosted its stake in Starwood Property Trust by 26.7% in the 3rd quarter. Northern Trust Corp now owns 3,121,335 shares of the real estate investment trust’s stock worth $60,398,000 after purchasing an additional 657,180 shares during the period. Finally, NFC Investments LLC acquired a new position in Starwood Property Trust in the 4th quarter worth $13,237,000. Institutional investors own 49.82% of the company’s stock.

Analyst Ratings Changes

STWD has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on shares of 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. BTIG Research reduced their target price on shares of Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Bank of America reaffirmed a “neutral” rating and issued a $21.50 target price (down from $22.50) on shares of Starwood Property Trust in a research note on Monday, March 4th. Wells Fargo & Company increased their price objective on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Finally, Raymond James reduced their price objective 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. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.88.

Starwood Property Trust Stock Down 1.5 %

Shares of Starwood Property Trust stock traded down $0.28 during trading hours on Friday, reaching $18.94. 5,464,222 shares of the company’s stock were exchanged, compared to its average volume of 2,333,228. Starwood Property Trust, Inc. has a fifty-two week low of $16.76 and a fifty-two week high of $22.29. The stock has a market cap of $5.98 billion, a P/E ratio of 13.63 and a beta of 1.65. The company has a 50 day moving average of $19.80 and a two-hundred day moving average of $20.16. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.92 annualized dividend and a yield of 10.14%. Starwood Property Trust’s dividend payout ratio (DPR) is currently 138.13%.

Insider Activity at Starwood Property Trust

In related news, President Jeffrey F. Dimodica sold 100,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $20.28, for a total value of $2,028,000.00. Following the completion of 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 the SEC website. 5.40% of the stock is currently owned by company insiders.

Starwood Property Trust Company 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.