NewEdge Advisors LLC Purchases 3,236 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

NewEdge Advisors LLC lifted its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 25.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,822 shares of the real estate investment trust’s stock after purchasing an additional 3,236 shares during the quarter. NewEdge Advisors LLC’s holdings in Starwood Property Trust were worth $300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Starwood Property Trust during the fourth quarter worth about $63,044,000. Raymond James Financial Inc. bought a new position in shares of Starwood Property Trust during the 4th quarter valued at about $48,841,000. Leeward Investments LLC MA acquired a new position in shares of Starwood Property Trust in the 4th quarter valued at approximately $24,791,000. Vanguard Group Inc. increased its stake in Starwood Property Trust by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 30,943,260 shares of the real estate investment trust’s stock worth $586,375,000 after purchasing an additional 377,939 shares in the last quarter. Finally, Columbus Macro LLC bought a new stake in Starwood Property Trust during the 4th quarter worth approximately $7,022,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Price Performance

NYSE:STWD opened at $19.19 on Thursday. The stock’s 50-day simple moving average is $19.33 and its 200 day simple moving average is $19.52. Starwood Property Trust, Inc. has a 52-week low of $16.59 and a 52-week high of $21.17. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market cap of $6.48 billion, a P/E ratio of 16.40 and a beta of 1.34.

Starwood Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.01%. The ex-dividend date of this dividend was Monday, March 31st. Starwood Property Trust’s dividend payout ratio is currently 174.55%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. UBS Group reduced their price target on shares of Starwood Property Trust from $19.50 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their target price on shares of Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods dropped their price target on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. Two investment 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.86.

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.