Scotia Capital Inc. reduced its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 76.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,732 shares of the real estate investment trust’s stock after selling 34,660 shares during the period. Scotia Capital Inc.’s holdings in Starwood Property Trust were worth $229,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. American International Group Inc. bought a new stake in shares of Starwood Property Trust during the fourth quarter worth $114,000. Assetmark Inc. grew its stake in shares of Starwood Property Trust by 465.2% during the fourth quarter. Assetmark Inc. now owns 5,319 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 4,378 shares during the last quarter. First Manhattan Co. grew its stake in shares of Starwood Property Trust by 38.3% during the fourth quarter. First Manhattan Co. now owns 8,885 shares of the real estate investment trust’s stock worth $189,000 after buying an additional 2,460 shares during the last quarter. Tortoise Investment Management LLC bought a new stake in shares of Starwood Property Trust during the third quarter worth $215,000. Finally, CAPROCK Group Inc. bought a new stake in shares of Starwood Property Trust during the fourth quarter worth $230,000. Institutional investors and hedge funds own 70.65% of the company’s stock.
Shares of Starwood Property Trust, Inc. (STWD) opened at $21.29 on Wednesday. The firm has a market cap of $5,630.00, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 2.03 and a beta of 0.21. Starwood Property Trust, Inc. has a one year low of $19.47 and a one year high of $23.01. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.52 and a current ratio of 2.52.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be paid a $0.48 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.92 annualized dividend and a dividend yield of 9.02%. Starwood Property Trust’s dividend payout ratio is 123.87%.
STWD has been the topic of a number of research reports. Zacks Investment Research raised shares of Starwood Property Trust from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Wednesday, November 15th. B. Riley reaffirmed a “buy” rating and set a $24.00 target price on shares of Starwood Property Trust in a research note on Thursday, January 25th. Finally, ValuEngine raised shares of Starwood Property Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Starwood Property Trust currently has a consensus rating of “Buy” and a consensus target price of $24.00.
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About Starwood Property Trust
Starwood Property Trust, Inc is a real estate investment trust. The Company operates through three business segments: Real estate lending (the Lending Segment), which engages primarily in originating, acquiring, financing and managing commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, and other real estate and real estate-related debt investments; Real estate investing and servicing (the Investing and Servicing Segment), which includes a servicing business in the United States that manages and works out problem assets; an investment business that selectively acquires and manages unrated, investment grade and non-investment grade rated CMBS, and a mortgage loan business, and Real estate property (the Property Segment), which engages primarily in acquiring and managing equity interests in stabilized commercial real estate properties.
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