State of New Jersey Common Pension Fund D Purchases 10,000 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

State of New Jersey Common Pension Fund D raised its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 1.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 671,861 shares of the real estate investment trust’s stock after acquiring an additional 10,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Starwood Property Trust were worth $14,123,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of STWD. Bailard Inc. bought a new position in shares of Starwood Property Trust in the 4th quarter worth approximately $635,000. GAMMA Investing LLC bought a new position in Starwood Property Trust during the 4th quarter worth about $26,000. Parkside Financial Bank & Trust raised its position in shares of Starwood Property Trust by 9.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 6,436 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 547 shares during the last quarter. MCF Advisors LLC raised its position in Starwood Property Trust by 1,234.0% during the 4th quarter. MCF Advisors LLC now owns 28,842 shares of the real estate investment trust’s stock worth $620,000 after buying an additional 26,680 shares during the last quarter. Finally, Cetera Trust Company N.A acquired a new stake in Starwood Property Trust in the 4th quarter valued at $245,000. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on STWD. BTIG Research cut their price target 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. Keefe, Bruyette & Woods decreased 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 note on Wednesday, April 10th. JPMorgan Chase & Co. dropped their target price 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. Wells Fargo & Company lifted their target price on Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, Bank of America reaffirmed a “neutral” rating and set a $21.50 target price (down from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.71.

Insider Buying and Selling at Starwood Property Trust

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

Starwood Property Trust Stock Performance

Shares of STWD stock traded down $0.29 during trading hours on Thursday, hitting $19.12. The company’s stock had a trading volume of 2,367,286 shares, compared to its average volume of 2,146,514. The company has a 50 day moving average of $19.89 and a 200 day moving average of $19.95. Starwood Property Trust, Inc. has a 12-month low of $16.06 and a 12-month high of $22.29. The stock has a market cap of $6.00 billion, a PE ratio of 17.86 and a beta of 1.65. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.95.

Starwood Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.48 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.04%. Starwood Property Trust’s payout ratio is 179.44%.

About Starwood Property Trust

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.