Texas Capital Bank Wealth Management Services Inc Has $3.06 Million Stake in Starwood Property Trust, Inc. (NYSE:STWD)

Texas Capital Bank Wealth Management Services Inc lifted its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 14.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,707 shares of the real estate investment trust’s stock after buying an additional 20,248 shares during the period. Texas Capital Bank Wealth Management Services Inc’s holdings in Starwood Property Trust were worth $3,064,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of STWD. Atria Wealth Solutions Inc. boosted its stake in shares of 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 worth $1,670,000 after buying an additional 20,840 shares during the last quarter. Norges Bank acquired a new position in Starwood Property Trust during the fourth quarter valued at approximately $63,044,000. Proficio Capital Partners LLC bought a new position in Starwood Property Trust in the fourth quarter valued at approximately $377,000. Golden State Equity Partners raised its stake in shares of Starwood Property Trust by 346.0% during the 4th quarter. Golden State Equity Partners now owns 27,708 shares of the real estate investment trust’s stock worth $525,000 after purchasing an additional 21,496 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Starwood Property Trust by 154.7% in the 4th quarter. Sei Investments Co. now owns 183,851 shares of the real estate investment trust’s stock valued at $3,484,000 after buying an additional 111,654 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

STWD has been the topic of several analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Monday. JPMorgan Chase & Co. cut their target price on shares of Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Two 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.07.

Starwood Property Trust Stock Performance

Shares of STWD stock traded down $0.98 during midday trading on Thursday, hitting $17.63. 726,367 shares of the company were exchanged, compared to its average volume of 2,399,250. The firm has a market capitalization of $5.95 billion, a P/E ratio of 15.07 and a beta of 1.34. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. Starwood Property Trust, Inc. has a 52 week low of $16.59 and a 52 week high of $21.17. The firm’s 50 day moving average price is $19.66 and its two-hundred day moving average price is $19.68.

Starwood Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 10.89%. The ex-dividend date of this dividend 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.