Greenleaf Trust Acquires Shares of 10,926 Starwood Property Trust, Inc. (NYSE:STWD)

Greenleaf Trust acquired a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,926 shares of the real estate investment trust’s stock, valued at approximately $230,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky lifted its position in Starwood Property Trust by 97.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 104,320 shares of the real estate investment trust’s stock valued at $2,018,000 after buying an additional 51,504 shares during the period. International Assets Investment Management LLC lifted its position in Starwood Property Trust by 2,347.1% during the fourth quarter. International Assets Investment Management LLC now owns 270,406 shares of the real estate investment trust’s stock valued at $5,684,000 after buying an additional 259,356 shares during the period. Adage Capital Partners GP L.L.C. purchased a new position in Starwood Property Trust during the third quarter valued at $6,772,000. Campbell & CO Investment Adviser LLC purchased a new position in Starwood Property Trust during the third quarter valued at $506,000. Finally, Northern Trust Corp lifted its position in Starwood Property Trust by 26.7% during the third quarter. Northern Trust Corp now owns 3,121,335 shares of the real estate investment trust’s stock valued at $60,398,000 after buying an additional 657,180 shares during the period. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Trading Down 1.6 %

Starwood Property Trust stock opened at $19.40 on Thursday. The business has a 50-day simple moving average of $19.88 and a two-hundred day simple moving average of $19.95. The company has a market cap of $6.09 billion, a P/E ratio of 18.13 and a beta of 1.65. Starwood Property Trust, Inc. has a 52-week low of $16.06 and a 52-week high of $22.29. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.95.

Starwood Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.90%. Starwood Property Trust’s dividend payout ratio is currently 179.44%.

Insider Activity

In other news, President Jeffrey F. Dimodica sold 100,000 shares of Starwood Property Trust stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $20.28, for a total transaction of $2,028,000.00. Following the transaction, the president now directly owns 1,226,673 shares of the company’s stock, valued at approximately $24,876,928.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, President Jeffrey F. Dimodica sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $20.33, for a total value of $508,250.00. Following the transaction, the president now directly owns 925,984 shares of the company’s stock, valued at approximately $18,825,254.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Jeffrey F. Dimodica sold 100,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the president now directly owns 1,226,673 shares in the company, valued at $24,876,928.44. The disclosure for this sale can be found here. Insiders own 5.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Wells Fargo & Company raised their price objective on Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. reduced their price target on Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, April 10th. Keefe, Bruyette & Woods reduced their price target on 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. Bank of America restated a “neutral” rating and set a $21.50 price target (down from $22.50) on shares of Starwood Property Trust in a report on Monday, March 4th. Finally, BTIG Research reduced their price objective on Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Starwood Property Trust currently has an average rating of “Moderate Buy” and an average target price of $21.71.

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.