Newbridge Financial Services Group Inc. Acquires 714 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Newbridge Financial Services Group Inc. raised its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 5.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 14,212 shares of the real estate investment trust’s stock after purchasing an additional 714 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Starwood Property Trust were worth $289,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Simplicity Wealth LLC purchased a new position in Starwood Property Trust during the 1st quarter valued at about $2,877,000. Global Retirement Partners LLC increased its position in Starwood Property Trust by 3.7% during the 1st quarter. Global Retirement Partners LLC now owns 34,220 shares of the real estate investment trust’s stock valued at $696,000 after purchasing an additional 1,223 shares during the period. Louisiana State Employees Retirement System increased its position in Starwood Property Trust by 2.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 85,600 shares of the real estate investment trust’s stock valued at $1,740,000 after purchasing an additional 2,000 shares during the period. Summit Trail Advisors LLC increased its position in Starwood Property Trust by 47.4% during the 1st quarter. Summit Trail Advisors LLC now owns 24,486 shares of the real estate investment trust’s stock valued at $510,000 after purchasing an additional 7,878 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Starwood Property Trust by 4.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,386,747 shares of the real estate investment trust’s stock worth $28,193,000 after buying an additional 64,675 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

NYSE STWD traded down $0.20 on Tuesday, hitting $20.23. 2,964,889 shares of the company’s stock traded hands, compared to its average volume of 2,159,138. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.80. Starwood Property Trust, Inc. has a 1-year low of $16.76 and a 1-year high of $22.29. The firm’s 50-day moving average price is $19.85 and its two-hundred day moving average price is $20.16. The firm has a market capitalization of $6.39 billion, a PE ratio of 14.55 and a beta of 1.65.

Starwood Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.49%. The ex-dividend date was Wednesday, March 27th. Starwood Property Trust’s payout ratio is 138.13%.

Insider Buying and Selling at Starwood Property Trust

In related news, President Jeffrey F. Dimodica sold 100,000 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $20.28, for a total value of $2,028,000.00. Following the completion of the transaction, the president now directly owns 1,226,673 shares in the company, valued at approximately $24,876,928.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 5.80% of the company’s stock.

Analyst Upgrades and Downgrades

STWD has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Raymond James cut their price objective on shares of Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a research report on Thursday, May 16th. Keefe, Bruyette & Woods cut their price objective on shares of Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a research report on Wednesday, April 10th. BTIG Research lowered their target price on shares of Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Starwood Property Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.88.

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.