Starwood Property Trust, Inc. (NYSE:STWD) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC reduced its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 17.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,682 shares of the real estate investment trust’s stock after selling 2,537 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Starwood Property Trust were worth $246,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Teachers Retirement System of The State of Kentucky increased its holdings in shares of 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 purchasing an additional 51,504 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Starwood Property Trust by 233.4% in the 4th quarter. Victory Capital Management Inc. now owns 180,403 shares of the real estate investment trust’s stock worth $3,792,000 after acquiring an additional 126,298 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Starwood Property Trust by 2,347.1% in 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 acquiring an additional 259,356 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new position in shares of Starwood Property Trust during the third quarter valued at approximately $6,772,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Starwood Property Trust during the third quarter worth approximately $506,000. Institutional investors own 49.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods lowered their price target on Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a research report on Wednesday, April 10th. Wells Fargo & Company boosted their price target on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, April 10th. BTIG Research lowered their price objective on shares of Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Finally, Bank of America reissued a “neutral” rating and set a $21.50 target price (down from $22.50) on shares of Starwood Property Trust in a research note on Monday, March 4th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Starwood Property Trust has an average rating of “Moderate Buy” and an average price target of $21.88.

Insider Activity

In related news, President Jeffrey F. Dimodica sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $20.28, for a total transaction of $2,028,000.00. Following the completion of the sale, the president now directly owns 1,226,673 shares in the company, valued at $24,876,928.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.40% of the stock is owned by corporate insiders.

Starwood Property Trust Trading Down 1.1 %

NYSE STWD opened at $19.98 on Thursday. The firm’s 50 day moving average price is $19.84 and its two-hundred day moving average price is $20.16. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 14.37 and a beta of 1.65. Starwood Property Trust, Inc. has a twelve month low of $16.76 and a twelve month high of $22.29. The company has a debt-to-equity ratio of 2.80, a quick ratio of 2.49 and a current ratio of 2.49.

Starwood Property Trust Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 9.61%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 138.13%.

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.