BNP Paribas Financial Markets lifted its position in shares of Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 12.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,284 shares of the real estate investment trust’s stock after purchasing an additional 18,945 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.05% of Starwood Property Trust worth $3,421,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Starwood Property Trust by 6.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 884,126 shares of the real estate investment trust’s stock worth $17,974,000 after purchasing an additional 50,649 shares in the last quarter. Retirement Group LLC boosted its stake in Starwood Property Trust by 33.5% in the 1st quarter. Retirement Group LLC now owns 2,516 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 631 shares in the last quarter. Diversify Advisory Services LLC acquired a new stake in Starwood Property Trust in the 1st quarter valued at $851,000. Private Advisor Group LLC boosted its stake in Starwood Property Trust by 27.1% in the 1st quarter. Private Advisor Group LLC now owns 61,052 shares of the real estate investment trust’s stock valued at $1,241,000 after buying an additional 13,022 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its stake in Starwood Property Trust by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 373,665 shares of the real estate investment trust’s stock valued at $7,597,000 after buying an additional 981 shares in the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently commented on STWD shares. Wolfe Research started coverage on Starwood Property Trust in a research note on Tuesday, June 25th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. decreased their price target on Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 10th. Keefe, Bruyette & Woods decreased their price target on Starwood Property Trust from $20.50 to $20.00 and set a “market perform” rating on the stock in a research note on Wednesday. BTIG Research reduced their price objective on Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Finally, Raymond James reduced their price objective on Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a research note on Thursday, May 16th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.81.
View Our Latest Report on STWD
Starwood Property Trust Trading Up 0.5 %
STWD stock opened at $19.80 on Friday. The company has a market cap of $6.26 billion, a P/E ratio of 14.24 and a beta of 1.69. Starwood Property Trust, Inc. has a twelve month low of $17.07 and a twelve month high of $22.29. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.80. The business has a fifty day moving average of $19.44 and a 200-day moving average of $19.85.
Starwood Property Trust Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.70%. Starwood Property Trust’s payout ratio is currently 138.13%.
About Starwood Property Trust
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.
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