Ameritas Advisory Services LLC Sells 7,514 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Posted by Defense World Staff on Jul 23rd, 2023

Ameritas Advisory Services LLC cut its stake in Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 30.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,470 shares of the real estate investment trust’s stock after selling 7,514 shares during the period. Ameritas Advisory Services LLC’s holdings in Starwood Property Trust were worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of STWD. Hexagon Capital Partners LLC acquired a new stake in shares of Starwood Property Trust in the fourth quarter valued at approximately $27,000. WFA of San Diego LLC bought a new stake in shares of Starwood Property Trust during the fourth quarter worth $27,000. Salem Investment Counselors Inc. lifted its stake in shares of Starwood Property Trust by 50.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 500 shares during the period. Armstrong Advisory Group Inc. acquired a new stake in Starwood Property Trust in the fourth quarter worth about $32,000. Finally, GPS Wealth Strategies Group LLC bought a new stake in Starwood Property Trust during the 1st quarter worth about $35,000. 50.43% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Price Performance

STWD opened at $20.76 on Friday. The stock has a market cap of $6.48 billion, a P/E ratio of 11.04 and a beta of 1.59. Starwood Property Trust, Inc. has a 12 month low of $16.06 and a 12 month high of $24.43. 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 company has a fifty day simple moving average of $18.90 and a 200 day simple moving average of $18.74.

Starwood Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.25%. The ex-dividend date was Thursday, June 29th. Starwood Property Trust’s dividend payout ratio is currently 102.13%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. BTIG Research lifted their price target on shares of Starwood Property Trust from $19.00 to $21.00 in a research report on Friday, June 30th. 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. StockNews.com began coverage on Starwood Property Trust in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. 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, JMP Securities cut their target price on Starwood Property Trust from $26.00 to $24.00 and set a “market outperform” rating on the stock in a research note on Friday, July 14th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.92.

Starwood Property Trust Profile

(Free Report)

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company 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, include distressed or non-performing loans.