Seneca House Advisors Acquires 2,379 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Seneca House Advisors boosted its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 0.6% in the 1st quarter, HoldingsChannel reports. The firm owned 378,192 shares of the real estate investment trust’s stock after purchasing an additional 2,379 shares during the quarter. Starwood Property Trust makes up approximately 3.3% of Seneca House Advisors’ portfolio, making the stock its 12th largest holding. Seneca House Advisors’ holdings in Starwood Property Trust were worth $7,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in Starwood Property Trust in the 4th quarter worth approximately $26,000. ICA Group Wealth Management LLC purchased a new stake in shares of Starwood Property Trust during the 4th quarter worth approximately $28,000. Core Wealth Advisors Inc. purchased a new stake in shares of Starwood Property Trust during the 4th quarter worth approximately $32,000. Cape Investment Advisory Inc. purchased a new stake in shares of Starwood Property Trust during the 4th quarter worth approximately $32,000. Finally, Salem Investment Counselors Inc. raised its holdings in shares of Starwood Property Trust by 80.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 1,800 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 800 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors.

Starwood Property Trust Trading Up 1.4 %

Starwood Property Trust stock traded up $0.26 during mid-day trading on Friday, hitting $18.94. The company’s stock had a trading volume of 2,761,631 shares, compared to its average volume of 1,990,576. The company has a 50 day moving average of $19.49 and a 200-day moving average of $20.02. The stock has a market cap of $5.98 billion, a PE ratio of 13.63 and a beta of 1.68. The company has a debt-to-equity ratio of 2.80, a quick ratio of 2.49 and a current ratio of 2.49. Starwood Property Trust, Inc. has a one year low of $17.07 and a one year high of $22.29.

Starwood Property Trust Announces Dividend

The company also recently declared 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. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.14%. The ex-dividend date of this dividend is Thursday, June 27th. Starwood Property Trust’s payout ratio is 138.13%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on STWD. Keefe, Bruyette & Woods decreased their price objective on Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a report on Wednesday, April 10th. Bank of America reaffirmed a “neutral” rating and set a $21.50 price objective (down from $22.50) on shares of Starwood Property Trust in a report on Monday, March 4th. 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 report on Wednesday, April 10th. BTIG Research decreased their price target on Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Finally, Wolfe Research initiated coverage on Starwood Property Trust in a report on Tuesday, June 25th. They set a “peer perform” rating on the stock. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.88.

Starwood Property Trust Company Profile

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.