QRG Capital Management Inc. Sells 1,135 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

QRG Capital Management Inc. lowered its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 0.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 194,299 shares of the real estate investment trust’s stock after selling 1,135 shares during the quarter. QRG Capital Management Inc.’s holdings in Starwood Property Trust were worth $3,950,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC purchased a new position in Starwood Property Trust during the fourth quarter valued at approximately $26,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Starwood Property Trust in the 1st quarter valued at $26,000. ICA Group Wealth Management LLC bought a new position in shares of Starwood Property Trust in the 4th quarter worth $28,000. Cape Investment Advisory Inc. bought a new stake in Starwood Property Trust during the fourth quarter valued at about $32,000. Finally, Core Wealth Advisors Inc. purchased a new position in Starwood Property Trust in the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

Shares of NYSE STWD traded up $0.19 during trading on Wednesday, reaching $20.37. 429,459 shares of the company traded hands, compared to its average volume of 2,198,057. The stock has a market cap of $6.44 billion, a P/E ratio of 14.52 and a beta of 1.69. The firm’s fifty day simple moving average is $19.45 and its 200 day simple moving average is $19.82. 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 12-month low of $17.07 and a 12-month high of $22.29.

Starwood Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.43%. The ex-dividend date of this dividend was Thursday, June 27th. Starwood Property Trust’s payout ratio is presently 138.13%.

Analyst Ratings Changes

A number of research firms have recently weighed in on STWD. Keefe, Bruyette & Woods lowered their price target on shares of Starwood Property Trust from $20.50 to $20.00 and set a “market perform” rating on the stock in a report on Wednesday, July 10th. BTIG Research cut their price target on shares of Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Raymond James lowered their price objective on Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating for the company in a research report on Thursday, May 16th. JPMorgan Chase & Co. upped their target price on Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Wolfe Research began coverage on Starwood Property Trust in a report on Tuesday, June 25th. They issued a “peer perform” rating for the company. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.57.

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.