Clearstead Trust LLC Trims Stake in Starwood Property Trust, Inc. (NYSE:STWD)

Clearstead Trust LLC reduced its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 11.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,229 shares of the real estate investment trust’s stock after selling 1,405 shares during the quarter. Clearstead Trust LLC’s holdings in Starwood Property Trust were worth $236,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. J.P. Morgan Private Wealth Advisors LLC boosted its position in Starwood Property Trust by 84.8% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 2,941,284 shares of the real estate investment trust’s stock valued at $56,914,000 after acquiring an additional 1,349,284 shares in the last quarter. Northern Trust Corp boosted its position in shares of Starwood Property Trust by 26.7% in the 3rd quarter. Northern Trust Corp now owns 3,121,335 shares of the real estate investment trust’s stock worth $60,398,000 after purchasing an additional 657,180 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Starwood Property Trust in the 3rd quarter worth $6,772,000. Second Half Financial Partners LLC acquired a new stake in shares of Starwood Property Trust in the 3rd quarter worth $5,690,000. Finally, Van ECK Associates Corp boosted its position in shares of Starwood Property Trust by 33.0% in the 4th quarter. Van ECK Associates Corp now owns 1,142,054 shares of the real estate investment trust’s stock worth $24,006,000 after purchasing an additional 283,114 shares in the last quarter. Institutional investors own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on STWD. Bank of America reaffirmed a “neutral” rating and set a $21.50 price target (down previously from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. Wells Fargo & Company lifted their price target on Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. BTIG Research reduced their price objective on 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. JPMorgan Chase & Co. reduced their price objective on 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. Finally, Keefe, Bruyette & Woods reduced their price objective on 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. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.71.

Insiders Place Their Bets

In other Starwood Property Trust news, President Jeffrey F. Dimodica sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $20.28, for a total transaction of $2,028,000.00. Following the completion of the sale, 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 available through this link. 5.40% of the stock is owned by company insiders.

Starwood Property Trust Price Performance

Shares of Starwood Property Trust stock traded up $0.12 on Friday, hitting $19.49. The company’s stock had a trading volume of 1,179,888 shares, compared to its average volume of 2,027,271. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.75 and a current ratio of 1.75. Starwood Property Trust, Inc. has a 1 year low of $16.06 and a 1 year high of $22.29. The firm has a fifty day moving average price of $19.83 and a 200-day moving average price of $19.96. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 18.21 and a beta of 1.65.

Starwood Property Trust Announces Dividend

The company 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. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.92 annualized dividend and a yield of 9.85%. Starwood Property Trust’s dividend payout ratio (DPR) is currently 179.44%.

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.