Starwood Property Trust, Inc. (NYSE:STWD) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. decreased its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWDFree Report) by 11.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,600 shares of the real estate investment trust’s stock after selling 2,400 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Starwood Property Trust were worth $360,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Salem Investment Counselors Inc. boosted its holdings in Starwood Property Trust by 50.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,500 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 500 shares in the last quarter. Raymond James Trust N.A. grew its holdings in shares of Starwood Property Trust by 4.1% in the 1st quarter. Raymond James Trust N.A. now owns 12,803 shares of the real estate investment trust’s stock worth $309,000 after acquiring an additional 500 shares during the period. Global Retirement Partners LLC increased its stake in Starwood Property Trust by 2.5% in the 2nd quarter. Global Retirement Partners LLC now owns 21,617 shares of the real estate investment trust’s stock valued at $419,000 after purchasing an additional 522 shares in the last quarter. Summit Trail Advisors LLC boosted its position in Starwood Property Trust by 3.5% during the second quarter. Summit Trail Advisors LLC now owns 16,337 shares of the real estate investment trust’s stock worth $325,000 after purchasing an additional 547 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Starwood Property Trust by 5.8% during the 4th quarter. AQR Capital Management LLC now owns 10,661 shares of the real estate investment trust’s stock worth $195,000 after buying an additional 584 shares during the last quarter. 49.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, President Jeffrey F. Dimodica sold 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $22.06, for a total transaction of $1,654,500.00. Following the completion of the transaction, the president now owns 950,984 shares of the company’s stock, valued at $20,978,707.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.40% of the company’s stock.

Starwood Property Trust Stock Performance

NYSE STWD opened at $20.33 on Thursday. The business’s 50-day moving average price is $20.83 and its 200 day moving average price is $20.11. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.92. Starwood Property Trust, Inc. has a twelve month low of $16.06 and a twelve month high of $22.29. The company has a market capitalization of $6.37 billion, a PE ratio of 15.76 and a beta of 1.67.

Starwood Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.92 annualized dividend and a dividend yield of 9.44%. Starwood Property Trust’s payout ratio is currently 148.84%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on STWD. Keefe, Bruyette & Woods downgraded shares of Starwood Property Trust from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $21.00 to $20.00 in a report on Monday, October 9th. TheStreet cut Starwood Property Trust from a “c” rating to a “d+” rating in a report on Wednesday, November 8th. StockNews.com began coverage on Starwood Property Trust in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Finally, UBS Group initiated coverage on shares of Starwood Property Trust in a report on Wednesday, December 6th. They issued a “neutral” rating and a $21.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Starwood Property Trust has an average rating of “Hold” and an average price target of $21.50.

Check Out Our Latest Analysis on Starwood Property Trust

Starwood Property Trust Company Profile

(Free Report)

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through four segments: 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.

Further Reading

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Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

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