Parallel Advisors LLC Acquires 3,490 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Parallel Advisors LLC increased its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 7.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 52,099 shares of the real estate investment trust’s stock after purchasing an additional 3,490 shares during the quarter. Parallel Advisors LLC’s holdings in Starwood Property Trust were worth $987,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealth Quarterback LLC increased its stake in Starwood Property Trust by 3.6% in the fourth quarter. Wealth Quarterback LLC now owns 14,817 shares of the real estate investment trust’s stock valued at $281,000 after purchasing an additional 518 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Starwood Property Trust by 1.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 34,528 shares of the real estate investment trust’s stock valued at $654,000 after purchasing an additional 571 shares in the last quarter. Register Financial Advisors LLC increased its stake in Starwood Property Trust by 1.4% in the fourth quarter. Register Financial Advisors LLC now owns 44,329 shares of the real estate investment trust’s stock valued at $840,000 after purchasing an additional 604 shares in the last quarter. UMB Bank n.a. increased its stake in Starwood Property Trust by 69.7% in the fourth quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 717 shares in the last quarter. Finally, Brooklyn Investment Group increased its stake in Starwood Property Trust by 86.1% in the fourth quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 730 shares in the last quarter. 49.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

STWD has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods lowered their price objective on shares of Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.21.

Starwood Property Trust Stock Up 0.5 %

Shares of STWD stock opened at $20.23 on Thursday. Starwood Property Trust, Inc. has a 12-month low of $18.12 and a 12-month high of $21.17. The firm has a fifty day moving average of $19.63 and a 200-day moving average of $19.80. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 17.29 and a beta of 1.68. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61.

Starwood Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.49%. The ex-dividend date is Monday, March 31st. Starwood Property Trust’s payout ratio is 174.55%.

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.