NorthRock Partners LLC Raises Stock Position in Starwood Property Trust, Inc. (NYSE:STWD)

NorthRock Partners LLC raised its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 23.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,172 shares of the real estate investment trust’s stock after buying an additional 4,032 shares during the period. NorthRock Partners LLC’s holdings in Starwood Property Trust were worth $430,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in STWD. Norges Bank purchased a new position in shares of Starwood Property Trust during the 4th quarter worth approximately $62,447,000. Waterfront Capital Partners LLC purchased a new position in shares of Starwood Property Trust during the 4th quarter worth approximately $15,997,000. NFC Investments LLC purchased a new position in shares of Starwood Property Trust during the 4th quarter worth approximately $13,237,000. Premier Fund Managers Ltd purchased a new position in shares of Starwood Property Trust during the 4th quarter worth approximately $9,276,000. Finally, MGO One Seven LLC grew its stake in Starwood Property Trust by 836.9% in the 4th quarter. MGO One Seven LLC now owns 437,819 shares of the real estate investment trust’s stock worth $9,203,000 after acquiring an additional 391,087 shares during the period. 49.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on STWD shares. Raymond James cut their price target on 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. Wolfe Research started coverage on Starwood Property Trust in a report on Tuesday, June 25th. They issued a “peer perform” rating for the company. BTIG Research cut their price target on Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Keefe, Bruyette & Woods cut their price target on Starwood Property Trust from $20.50 to $20.00 and set a “market perform” rating for the company in a report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. cut their price target on Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, April 10th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Starwood Property Trust currently has an average rating of “Moderate Buy” and a consensus target price of $21.50.

Starwood Property Trust Stock Up 0.4 %

Shares of STWD stock traded up $0.08 during trading hours on Tuesday, hitting $20.00. 212,505 shares of the company were exchanged, compared to its average volume of 2,192,508. 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. The business’s 50-day simple moving average is $19.44 and its two-hundred day simple moving average is $19.82. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 14.32 and a beta of 1.69.

Starwood Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.92 annualized dividend and a yield of 9.60%. Starwood Property Trust’s dividend payout ratio (DPR) is 138.13%.

Starwood Property Trust 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.