Arizona State Retirement System increased its holdings in Starwood Property Trust, Inc. (NYSE:STWD – Get Rating) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 87,255 shares of the real estate investment trust’s stock after acquiring an additional 3,851 shares during the quarter. Arizona State Retirement System’s holdings in Starwood Property Trust were worth $1,599,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the business. Hexagon Capital Partners LLC bought a new position in shares of Starwood Property Trust during the fourth quarter valued at approximately $27,000. WFA of San Diego LLC bought a new position in shares of Starwood Property Trust during the fourth quarter valued at approximately $27,000. Armstrong Advisory Group Inc. bought a new position in shares of Starwood Property Trust during the fourth quarter valued at approximately $32,000. Romano Brothers AND Company bought a new position in shares of Starwood Property Trust during the fourth quarter valued at approximately $37,000. Finally, Wipfli Financial Advisors LLC bought a new position in shares of Starwood Property Trust during the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 43.77% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods lowered their target price on Starwood Property Trust from $22.00 to $19.50 and set an “outperform” rating for the company in a report on Thursday, April 13th. StockNews.com assumed coverage on Starwood Property Trust in a report on Thursday, March 16th. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. decreased their price objective on Starwood Property Trust from $22.00 to $18.50 in a report on Monday, April 24th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.75.
Starwood Property Trust Stock Performance
Starwood Property Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were given 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 yield of 11.76%. Starwood Property Trust’s dividend payout ratio (DPR) is 102.13%.
Starwood Property Trust 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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