Amalgamated Bank Has $1.03 Million Stake in Starwood Property Trust, Inc. (NYSE:STWD)

Posted by on Jun 7th, 2023

Amalgamated Bank increased its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD – Get Rating) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,289 shares of the real estate investment trust’s stock after purchasing an additional 2,616 shares during the quarter. Amalgamated Bank’s holdings in Starwood Property Trust were worth $1,032,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted 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 during the last quarter. Cardinal Capital Management LLC CT raised its holdings 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 worth $93,424,000 after purchasing an additional 115,353 shares during the last quarter. State Street Corp boosted its stake in shares of Starwood Property Trust by 5.1% in 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. grew its position in shares of Starwood Property Trust by 14.3% during the 1st quarter. First Republic Investment Management Inc. now owns 2,600,221 shares of the real estate investment trust’s stock worth $62,847,000 after buying an additional 325,646 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Starwood Property Trust by 3.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,708,052 shares of the real estate investment trust’s stock worth $41,284,000 after buying an additional 51,035 shares during the last quarter. Institutional investors and hedge funds own 43.77% of the company’s stock.

Starwood Property Trust Price Performance

STWD opened at $18.54 on Wednesday. The company has a fifty day simple moving average of $17.27 and a 200 day simple moving average of $18.78. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 3.09. The stock has a market cap of $5.78 billion, a P/E ratio of 9.86 and a beta of 1.58. Starwood Property Trust, Inc. has a 12 month low of $16.06 and a 12 month high of $24.43.

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 31st were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.36%. The ex-dividend date of this dividend was Thursday, March 30th. Starwood Property Trust’s dividend payout ratio is currently 102.13%.

Analysts Set New Price Targets

A number of research firms have commented on STWD. Keefe, Bruyette & Woods lowered their target price on shares of Starwood Property Trust from $22.00 to $19.50 and set an “outperform” rating for the company in a report on Thursday, April 13th. JPMorgan Chase & Co. decreased their price objective on Starwood Property Trust from $22.00 to $18.50 in a research note on Monday, April 24th. Finally, StockNews.com started coverage on Starwood Property Trust in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.75.

Starwood Property Trust Profile

(Get Rating)

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.

Featured Stories

Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

Receive News & Ratings for Starwood Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starwood Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.