United Services Automobile Association Cuts Stock Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

United Services Automobile Association decreased its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 5.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,560 shares of the real estate investment trust’s stock after selling 1,199 shares during the quarter. United Services Automobile Association’s holdings in Starwood Property Trust were worth $371,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in STWD. Albion Financial Group UT acquired a new position in shares of Starwood Property Trust during the 4th quarter worth about $28,000. Brooklyn Investment Group grew its position in shares of Starwood Property Trust by 86.1% in the fourth quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 730 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Starwood Property Trust by 69.7% in the fourth quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 717 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Starwood Property Trust by 83.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,881 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 854 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new position in Starwood Property Trust during the third quarter worth $55,000. 49.82% of the stock is owned by institutional investors and hedge funds.

Starwood Property Trust Trading Up 0.2 %

NYSE STWD opened at $19.98 on Tuesday. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market capitalization of $6.74 billion, a P/E ratio of 17.07 and a beta of 1.68. The firm’s 50-day moving average is $19.72 and its two-hundred day moving average is $19.79. Starwood Property Trust, Inc. has a 12 month low of $18.12 and a 12 month high of $21.17.

Starwood Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.48 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.92 annualized dividend and a dividend yield of 9.61%. Starwood Property Trust’s dividend payout ratio is currently 174.55%.

Analyst Ratings Changes

STWD has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their target price on Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods decreased their target price on shares of Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.21.

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.