Raymond James Trust N.A. boosted its position in Starwood Property Trust, Inc. (NYSE:STWD – Get Rating) by 11.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,767 shares of the real estate investment trust’s stock after buying an additional 2,180 shares during the period. Raymond James Trust N.A.’s holdings in Starwood Property Trust were worth $381,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Starwood Property Trust by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 27,349,821 shares of the real estate investment trust’s stock valued at $498,314,000 after buying an additional 474,537 shares in the last quarter. Cardinal Capital Management LLC CT boosted its stake in Starwood Property Trust by 2.3% during the 3rd quarter. Cardinal Capital Management LLC CT now owns 5,127,576 shares of the real estate investment trust’s stock valued at $93,424,000 after purchasing an additional 115,353 shares during the last quarter. State Street Corp boosted its stake in Starwood Property Trust by 5.1% during the 1st quarter. State Street Corp now owns 4,761,333 shares of the real estate investment trust’s stock valued at $117,330,000 after purchasing an additional 231,043 shares during the last quarter. First Republic Investment Management Inc. boosted its stake in Starwood Property Trust by 4.7% during the 3rd quarter. First Republic Investment Management Inc. now owns 2,866,125 shares of the real estate investment trust’s stock valued at $52,221,000 after purchasing an additional 129,476 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Starwood Property Trust by 3.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,708,052 shares of the real estate investment trust’s stock valued at $41,284,000 after purchasing an additional 51,035 shares during the last quarter. 43.77% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods cut their price target on Starwood Property Trust from $22.00 to $19.50 and set an “outperform” rating for the company in a research note on Thursday, April 13th. JPMorgan Chase & Co. cut their price target on Starwood Property Trust from $22.00 to $18.50 in a research note on Monday. StockNews.com assumed coverage on Starwood Property Trust in a research note on Thursday, March 16th. They set a “hold” rating for the company. Finally, Credit Suisse Group downgraded Starwood Property Trust from an “outperform” rating to a “neutral” rating in a research note on Monday, January 9th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.75.
Starwood Property Trust Price Performance
Starwood Property Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 31st were paid a $0.48 dividend. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.98%. Starwood Property Trust’s payout ratio is presently 70.07%.
Starwood Property Trust Company Profile
Starwood Property Trust, Inc engages in originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt and equity investments. It operates through the following segments: Real Estate Commercial and Residential Lending, Infrastructure Lending, Real Estate Property, and Real Estate Investing and Servicing.
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