Concurrent Investment Advisors LLC Sells 1,367 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Concurrent Investment Advisors LLC decreased its position in Starwood Property Trust, Inc. (NYSE:STWD) by 1.0% in the 1st quarter, HoldingsChannel reports. The fund owned 130,505 shares of the real estate investment trust’s stock after selling 1,367 shares during the period. Concurrent Investment Advisors LLC’s holdings in Starwood Property Trust were worth $2,653,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC acquired a new stake in Starwood Property Trust during the fourth quarter worth $26,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Starwood Property Trust in the 1st quarter valued at $26,000. ICA Group Wealth Management LLC bought a new position in shares of Starwood Property Trust during the 4th quarter worth about $28,000. Cape Investment Advisory Inc. acquired a new stake in shares of Starwood Property Trust during the 4th quarter valued at about $32,000. Finally, Core Wealth Advisors Inc. bought a new stake in Starwood Property Trust in the fourth quarter valued at about $32,000. Institutional investors own 49.82% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods lowered their price target on Starwood Property Trust from $20.50 to $20.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 10th. JPMorgan Chase & Co. lowered their target price on shares of 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 cut their price target on shares of Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Wolfe Research started coverage on shares of Starwood Property Trust in a research note on Tuesday, June 25th. They set a “peer perform” rating on the stock. Finally, Raymond James dropped their price objective on shares of Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating for the company in a report on Thursday, May 16th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Starwood Property Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

Starwood Property Trust Price Performance

Starwood Property Trust stock traded up $0.05 during mid-day trading on Monday, reaching $19.85. 2,063,921 shares of the company were exchanged, compared to its average volume of 2,202,453. The company has a fifty day simple moving average of $19.44 and a 200-day simple moving average of $19.83. The firm has a market cap of $6.27 billion, a PE ratio of 14.24 and a beta of 1.69. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.49 and a quick ratio of 2.49. Starwood Property Trust, Inc. has a 12 month low of $17.07 and a 12 month high of $22.29.

Starwood Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.92 annualized dividend and a dividend yield of 9.67%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 138.13%.

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.