AIA Group Ltd Sells 796 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

AIA Group Ltd cut its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,722 shares of the real estate investment trust’s stock after selling 796 shares during the quarter. AIA Group Ltd’s holdings in Starwood Property Trust were worth $715,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Albion Financial Group UT bought a new position in Starwood Property Trust during the 4th quarter worth $28,000. Brooklyn Investment Group grew its holdings in shares of Starwood Property Trust by 86.1% during the 4th quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 730 shares in the last quarter. UMB Bank n.a. increased its position 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 worth $33,000 after purchasing an additional 717 shares during the period. 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 purchasing an additional 854 shares during the period. Finally, Point72 DIFC Ltd acquired a new stake in Starwood Property Trust during the third quarter worth about $55,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Starwood Property Trust Stock Down 0.3 %

Shares of NYSE:STWD opened at $19.79 on Tuesday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. Starwood Property Trust, Inc. has a 52-week low of $18.12 and a 52-week high of $21.17. The company has a market capitalization of $6.68 billion, a PE ratio of 16.92 and a beta of 1.68. The company has a fifty day moving average of $19.79 and a 200-day moving average of $19.80.

Starwood Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.48 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.92 annualized dividend and a yield of 9.70%. Starwood Property Trust’s dividend payout ratio is presently 174.55%.

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.