Rhumbline Advisers Boosts Holdings in Starwood Property Trust, Inc. $STWD

Rhumbline Advisers increased its position in Starwood Property Trust, Inc. (NYSE:STWD) by 5.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 919,931 shares of the real estate investment trust’s stock after purchasing an additional 48,708 shares during the period. Rhumbline Advisers owned approximately 0.25% of Starwood Property Trust worth $17,819,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Cetera Trust Company N.A lifted its stake in shares of Starwood Property Trust by 5.2% in the second quarter. Cetera Trust Company N.A now owns 10,730 shares of the real estate investment trust’s stock worth $215,000 after buying an additional 530 shares in the last quarter. GAMMA Investing LLC raised its holdings in Starwood Property Trust by 14.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,235 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 547 shares during the last quarter. Park Avenue Securities LLC lifted its position in Starwood Property Trust by 3.5% in the 3rd quarter. Park Avenue Securities LLC now owns 16,776 shares of the real estate investment trust’s stock valued at $325,000 after acquiring an additional 562 shares in the last quarter. ProShare Advisors LLC lifted its position in Starwood Property Trust by 4.8% in the 2nd quarter. ProShare Advisors LLC now owns 14,300 shares of the real estate investment trust’s stock valued at $287,000 after acquiring an additional 654 shares in the last quarter. Finally, Corrado Advisors LLC boosted its stake in Starwood Property Trust by 0.6% during the 3rd quarter. Corrado Advisors LLC now owns 103,079 shares of the real estate investment trust’s stock valued at $1,997,000 after purchasing an additional 665 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors.

Starwood Property Trust Stock Up 0.1%

STWD stock opened at $18.09 on Wednesday. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 17.23 and a beta of 1.13. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.33 and a current ratio of 1.33. The business’s 50-day moving average is $18.28 and its two-hundred day moving average is $18.85. Starwood Property Trust, Inc. has a fifty-two week low of $16.59 and a fifty-two week high of $21.05.

Starwood Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 10.6%. The ex-dividend date was Wednesday, December 31st. Starwood Property Trust’s payout ratio is 182.86%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wells Fargo & Company decreased their price target on Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. Zacks Research upgraded Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Starwood Property Trust in a research report on Wednesday, January 21st. 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 on the stock in a report on Wednesday, November 12th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Starwood Property Trust currently has an average rating of “Moderate Buy” and a consensus target price of $20.63.

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.