Teachers Retirement System of The State of Kentucky Has $2.09 Million Stock Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Teachers Retirement System of The State of Kentucky cut its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,620 shares of the real estate investment trust’s stock after selling 4,700 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Starwood Property Trust were worth $2,094,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in Starwood Property Trust by 615.8% during the fourth quarter. BNP Paribas Financial Markets now owns 149,339 shares of the real estate investment trust’s stock worth $3,139,000 after buying an additional 128,477 shares during the last quarter. Brown Advisory Inc. increased its position in Starwood Property Trust by 77.1% during the fourth quarter. Brown Advisory Inc. now owns 105,596 shares of the real estate investment trust’s stock worth $2,220,000 after buying an additional 45,983 shares during the last quarter. Victory Capital Management Inc. increased its position in Starwood Property Trust by 233.4% during the fourth quarter. Victory Capital Management Inc. now owns 180,403 shares of the real estate investment trust’s stock worth $3,792,000 after buying an additional 126,298 shares during the last quarter. Cibc World Markets Corp acquired a new position in Starwood Property Trust during the fourth quarter worth $2,091,000. Finally, International Assets Investment Management LLC increased its position in Starwood Property Trust by 2,347.1% during the fourth quarter. International Assets Investment Management LLC now owns 270,406 shares of the real estate investment trust’s stock worth $5,684,000 after buying an additional 259,356 shares during the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 10th. BTIG Research lowered their price target on Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Bank of America reaffirmed a “neutral” rating and issued a $21.50 price target (down from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. Keefe, Bruyette & Woods lowered their price target on 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. Finally, Wells Fargo & Company raised their price target on Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.88.

Starwood Property Trust Price Performance

NYSE STWD opened at $19.34 on Friday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 2.49 and a current ratio of 2.49. The firm has a 50-day simple moving average of $19.47 and a 200 day simple moving average of $20.07. Starwood Property Trust, Inc. has a twelve month low of $17.07 and a twelve month high of $22.29. The stock has a market cap of $6.11 billion, a PE ratio of 13.91 and a beta of 1.68.

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.93%. The ex-dividend date is Thursday, June 27th. Starwood Property Trust’s dividend payout ratio is 138.13%.

Insiders Place Their Bets

In other Starwood Property Trust news, President Jeffrey F. Dimodica sold 100,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $20.28, for a total transaction of $2,028,000.00. Following the completion of the transaction, the president now owns 1,226,673 shares in the company, valued at $24,876,928.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.40% of the company’s stock.

About Starwood Property Trust

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.