Starwood Property Trust, Inc. (NYSE:STWD) Stock Position Reduced by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC cut its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 3.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,510 shares of the real estate investment trust’s stock after selling 1,000 shares during the period. Baker Ellis Asset Management LLC’s holdings in Starwood Property Trust were worth $661,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Starwood Property Trust in the fourth quarter worth approximately $62,447,000. Waterfront Capital Partners LLC bought a new stake in Starwood Property Trust in the fourth quarter worth approximately $15,997,000. Northern Trust Corp grew its position in Starwood Property Trust by 26.7% in the third quarter. Northern Trust Corp now owns 3,121,335 shares of the real estate investment trust’s stock worth $60,398,000 after acquiring an additional 657,180 shares in the last quarter. NFC Investments LLC bought a new stake in Starwood Property Trust in the fourth quarter worth approximately $13,237,000. Finally, Premier Fund Managers Ltd bought a new stake in Starwood Property Trust in the fourth quarter worth approximately $9,276,000. 49.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a research note on Wednesday, April 10th. JPMorgan Chase & Co. lowered their target price on shares of Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a 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 on the stock in a report on Wednesday, April 17th. Bank of America reissued a “neutral” rating and set a $21.50 price objective (down previously from $22.50) on shares of Starwood Property Trust in a report on Monday, March 4th. Finally, Raymond James decreased 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 report on Thursday, May 16th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Starwood Property Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.88.

Starwood Property Trust Stock Performance

Starwood Property Trust stock opened at $18.94 on Friday. 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 $17.07 and a 1 year high of $22.29. The company has a market cap of $5.98 billion, a PE ratio of 13.63 and a beta of 1.68. The company’s 50-day moving average is $19.49 and its two-hundred day moving average is $20.03.

Starwood Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $0.48 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.14%. Starwood Property Trust’s dividend payout ratio is 138.13%.

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.