SlateStone Wealth LLC Has $1.49 Million Stock Position in Starwood Property Trust, Inc. (NYSE:STWD)

SlateStone Wealth LLC lifted its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 2.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 78,434 shares of the real estate investment trust’s stock after acquiring an additional 2,019 shares during the period. SlateStone Wealth LLC’s holdings in Starwood Property Trust were worth $1,486,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Wealth Quarterback LLC raised its holdings in shares of Starwood Property Trust by 3.6% during the 4th quarter. Wealth Quarterback LLC now owns 14,817 shares of the real estate investment trust’s stock worth $281,000 after buying an additional 518 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Starwood Property Trust by 1.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 34,528 shares of the real estate investment trust’s stock worth $654,000 after purchasing an additional 571 shares in the last quarter. Register Financial Advisors LLC increased its holdings in Starwood Property Trust by 1.4% in the 4th quarter. Register Financial Advisors LLC now owns 44,329 shares of the real estate investment trust’s stock worth $840,000 after purchasing an additional 604 shares in the last quarter. UMB Bank n.a. increased its holdings in Starwood Property Trust by 69.7% in the 4th 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 in the last quarter. Finally, Brooklyn Investment Group increased its holdings in Starwood Property Trust by 86.1% in 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. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Trading Up 1.9 %

NYSE STWD opened at $19.92 on Monday. The business’s 50-day moving average price is $19.56 and its two-hundred day moving average price is $19.81. Starwood Property Trust, Inc. has a 12 month low of $18.12 and a 12 month high of $21.17. The firm has a market capitalization of $6.72 billion, a PE ratio of 17.02 and a beta of 1.68. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61.

Starwood Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.48 per share. The ex-dividend date is Monday, March 31st. This represents a $1.92 annualized dividend and a dividend yield of 9.64%. Starwood Property Trust’s payout ratio is 174.55%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on STWD shares. JPMorgan Chase & Co. lowered their target price on Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Keefe, Bruyette & Woods lowered their target price on Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating for the company in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Starwood Property Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.21.

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.