AlphaQuest LLC Sells 61,201 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

AlphaQuest LLC reduced its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 91.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,523 shares of the real estate investment trust’s stock after selling 61,201 shares during the quarter. AlphaQuest LLC’s holdings in Starwood Property Trust were worth $105,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in Starwood Property Trust by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,109,988 shares of the real estate investment trust’s stock valued at $43,002,000 after buying an additional 116,182 shares during the period. BNP Paribas Financial Markets raised its holdings in Starwood Property Trust by 147.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 225,245 shares of the real estate investment trust’s stock valued at $4,590,000 after buying an additional 134,121 shares during the period. Atria Wealth Solutions Inc. raised its holdings in Starwood Property Trust by 31.0% during the 4th quarter. Atria Wealth Solutions Inc. now owns 88,148 shares of the real estate investment trust’s stock valued at $1,670,000 after buying an additional 20,840 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Starwood Property Trust by 66.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 224,962 shares of the real estate investment trust’s stock valued at $4,585,000 after buying an additional 90,046 shares during the period. Finally, Kestra Investment Management LLC purchased a new stake in Starwood Property Trust during the 3rd quarter valued at $2,250,000. 49.82% of the stock is currently owned by institutional investors.

Starwood Property Trust Stock Up 0.5 %

NYSE:STWD opened at $20.10 on Wednesday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61. The stock has a fifty day simple moving average of $19.60 and a 200-day simple moving average of $19.80. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 17.18 and a beta of 1.68. Starwood Property Trust, Inc. has a twelve month low of $18.12 and a twelve month high of $21.17.

Starwood Property Trust Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 9.55%. Starwood Property Trust’s payout ratio is currently 174.55%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on STWD. Keefe, Bruyette & Woods decreased their price target on Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price target on Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Starwood Property Trust currently has an average rating of “Moderate Buy” and an average price target of $22.21.

Starwood Property Trust 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.