Carnegie Capital Asset Management LLC grew its holdings in Starwood Property Trust, Inc. (NYSE:STWD – Get Rating) by 13.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 33,800 shares of the real estate investment trust’s stock after acquiring an additional 4,000 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Starwood Property Trust were worth $885,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in STWD. Marshall Wace LLP acquired a new position in Starwood Property Trust in the 4th quarter valued at $60,417,000. 1832 Asset Management L.P. increased its stake in shares of Starwood Property Trust by 72.5% during the fourth quarter. 1832 Asset Management L.P. now owns 3,202,073 shares of the real estate investment trust’s stock worth $78,885,000 after acquiring an additional 1,345,645 shares during the period. Renaissance Technologies LLC purchased a new position in Starwood Property Trust during the fourth quarter worth about $14,657,000. Geode Capital Management LLC lifted its position in Starwood Property Trust by 11.9% in the fourth quarter. Geode Capital Management LLC now owns 4,841,564 shares of the real estate investment trust’s stock valued at $118,151,000 after purchasing an additional 513,432 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Starwood Property Trust during the 4th quarter worth approximately $9,731,000. Institutional investors and hedge funds own 45.02% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the company. Credit Suisse Group reduced their price target on Starwood Property Trust to $25.50 in a report on Friday, July 22nd. JMP Securities decreased their target price on shares of Starwood Property Trust from $28.00 to $26.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 9th. Finally, Bank of America reiterated a “buy” rating and issued a $26.00 price objective on shares of Starwood Property Trust in a research note on Tuesday, September 6th.
Starwood Property Trust Stock Performance
Starwood Property Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.64%. The ex-dividend date of this dividend is Thursday, September 29th. Starwood Property Trust’s dividend payout ratio is presently 78.69%.
About Starwood Property Trust
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States, Europe, and Australia. It operates through four segments: 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, including distressed or non-performing loans.
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