Northern Trust Corp trimmed its position in Starwood Property Trust, Inc. (NYSE:STWD) by 17.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,696,473 shares of the real estate investment trust’s stock after selling 351,038 shares during the quarter. Northern Trust Corp’s holdings in Starwood Property Trust were worth $36,831,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in STWD. Tyers Asset Management LLC bought a new position in shares of Starwood Property Trust in the second quarter worth approximately $139,000. Qube Research & Technologies Ltd bought a new position in shares of Starwood Property Trust in the second quarter worth approximately $151,000. Wellington Shields Capital Management LLC bought a new position in shares of Starwood Property Trust in the second quarter worth approximately $207,000. Baird Financial Group Inc. bought a new position in shares of Starwood Property Trust in the second quarter worth approximately $207,000. Finally, Segall Bryant & Hamill LLC bought a new position in shares of Starwood Property Trust in the first quarter worth approximately $209,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE STWD opened at $21.65 on Friday. Starwood Property Trust, Inc. has a one year low of $19.47 and a one year high of $23.04. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.82. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 2.05 and a beta of 0.33.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 8.87%. The ex-dividend date of this dividend was Thursday, September 27th. Starwood Property Trust’s payout ratio is currently 88.89%.
Several research analysts recently weighed in on the stock. ValuEngine upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 28th. Credit Suisse Group upped their price objective on shares of Starwood Property Trust from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 21st. JPMorgan Chase & Co. assumed coverage on shares of Starwood Property Trust in a research report on Friday, September 21st. They issued an “overweight” rating and a $23.00 price objective on the stock. Finally, Zacks Investment Research cut shares of Starwood Property Trust from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Starwood Property Trust presently has an average rating of “Buy” and an average target price of $24.00.
Starwood Property Trust Company Profile
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.
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