QRG Capital Management Inc. Boosts Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

QRG Capital Management Inc. lifted its stake in shares of Starwood Property Trust, Inc. (NYSE:STWDFree Report) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,434 shares of the real estate investment trust’s stock after purchasing an additional 9,506 shares during the period. QRG Capital Management Inc. owned about 0.06% of Starwood Property Trust worth $4,108,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System grew its stake in Starwood Property Trust by 33.1% during the 3rd quarter. New York State Teachers Retirement System now owns 125,874 shares of the real estate investment trust’s stock valued at $2,436,000 after acquiring an additional 31,273 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Starwood Property Trust by 32.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,260 shares of the real estate investment trust’s stock worth $992,000 after buying an additional 12,648 shares during the last quarter. M&T Bank Corp grew its holdings in shares of Starwood Property Trust by 4.4% in the third quarter. M&T Bank Corp now owns 16,806 shares of the real estate investment trust’s stock valued at $325,000 after purchasing an additional 712 shares during the period. Duality Advisers LP acquired a new stake in Starwood Property Trust during the third quarter worth about $667,000. Finally, Certuity LLC boosted its holdings in Starwood Property Trust by 3.7% in the 3rd quarter. Certuity LLC now owns 38,359 shares of the real estate investment trust’s stock valued at $742,000 after purchasing an additional 1,354 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, President Jeffrey F. Dimodica sold 100,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $20.28, for a total value of $2,028,000.00. Following the transaction, the president now owns 1,226,673 shares of the company’s stock, valued at $24,876,928.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on STWD. JPMorgan Chase & Co. decreased their price objective on Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, April 10th. BTIG Research decreased their target price on shares of Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Wells Fargo & Company boosted their price target on shares of Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Keefe, Bruyette & Woods dropped their target price on shares of Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a report on Wednesday, April 10th. Finally, Bank of America reissued a “neutral” rating and issued a $21.50 target price (down previously from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.71.

View Our Latest Stock Analysis on Starwood Property Trust

Starwood Property Trust Price Performance

STWD stock opened at $20.27 on Tuesday. The business’s 50-day moving average is $19.82 and its two-hundred day moving average is $20.05. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.49 and a quick ratio of 2.49. Starwood Property Trust, Inc. has a 1 year low of $16.08 and a 1 year high of $22.29. The firm has a market capitalization of $6.40 billion, a P/E ratio of 14.58 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 given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.47%. The ex-dividend date was Wednesday, March 27th. Starwood Property Trust’s dividend payout ratio is presently 138.13%.

About Starwood Property Trust

(Free Report)

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.

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

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