LPL Financial LLC Increases Stake in Starwood Property Trust, Inc. (NYSE:STWD)

LPL Financial LLC boosted its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 457,977 shares of the real estate investment trust’s stock after purchasing an additional 10,136 shares during the period. LPL Financial LLC owned approximately 0.14% of Starwood Property Trust worth $8,679,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of STWD. The Manufacturers Life Insurance Company increased its position in shares of Starwood Property Trust by 0.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 281,290 shares of the real estate investment trust’s stock valued at $5,733,000 after acquiring an additional 1,898 shares during the period. FMR LLC increased its holdings in shares of Starwood Property Trust by 6.4% in the third quarter. FMR LLC now owns 41,781 shares of the real estate investment trust’s stock valued at $851,000 after purchasing an additional 2,503 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Starwood Property Trust by 78.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 891,734 shares of the real estate investment trust’s stock worth $18,174,000 after purchasing an additional 390,787 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Starwood Property Trust by 18.8% during the third quarter. Captrust Financial Advisors now owns 13,134 shares of the real estate investment trust’s stock worth $268,000 after purchasing an additional 2,075 shares during the period. Finally, Verition Fund Management LLC purchased a new stake in Starwood Property Trust in the third quarter valued at approximately $877,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Trading Down 5.2 %

Shares of Starwood Property Trust stock opened at $18.20 on Friday. The firm has a 50-day simple moving average of $19.80 and a two-hundred day simple moving average of $19.78. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. Starwood Property Trust, Inc. has a fifty-two week low of $18.08 and a fifty-two week high of $21.17. The company has a market cap of $6.15 billion, a P/E ratio of 15.56 and a beta of 1.68.

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.48 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.92 dividend on an annualized basis and a yield of 10.55%. Starwood Property Trust’s payout ratio is 174.55%.

Analyst Ratings Changes

STWD has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their target price on shares of 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 on the stock in a research note on Tuesday, January 14th. Two equities research 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 stock. According to MarketBeat, Starwood Property Trust currently has a consensus rating of “Moderate Buy” and an average price target 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.