Starwood Property Trust, Inc. (NYSE:STWD) Shares Sold by Clearstead Trust LLC

Clearstead Trust LLC lessened its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 11.1% during the fourth quarter, HoldingsChannel reports. The firm owned 11,229 shares of the real estate investment trust’s stock after selling 1,405 shares during the period. Clearstead Trust LLC’s holdings in Starwood Property Trust were worth $236,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Raymond James Financial Services Advisors Inc. raised its stake in Starwood Property Trust by 10.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,282,284 shares of the real estate investment trust’s stock worth $24,812,000 after acquiring an additional 123,643 shares during the period. Stratos Wealth Partners LTD. increased its stake in shares of Starwood Property Trust by 74.7% during the third quarter. Stratos Wealth Partners LTD. now owns 27,643 shares of the real estate investment trust’s stock valued at $535,000 after acquiring an additional 11,816 shares during the period. Stratos Wealth Advisors LLC acquired a new position in shares of Starwood Property Trust during the 3rd quarter valued at $564,000. Brown Advisory Inc. raised its stake in shares of Starwood Property Trust by 1.3% in the 3rd quarter. Brown Advisory Inc. now owns 59,613 shares of the real estate investment trust’s stock worth $1,154,000 after buying an additional 788 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in shares of Starwood Property Trust by 33.1% in the third quarter. New York State Teachers Retirement System now owns 125,874 shares of the real estate investment trust’s stock valued at $2,436,000 after buying an additional 31,273 shares during the period. Institutional investors and hedge funds own 49.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. 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. Keefe, Bruyette & Woods cut their target price on shares of Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a research note on Wednesday, April 10th. BTIG Research decreased 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 report on Wednesday, April 17th. Bank of America reiterated a “neutral” rating and set a $21.50 price objective (down previously from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. decreased 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. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.71.

Insider Transactions at Starwood Property Trust

In other Starwood Property Trust news, President Jeffrey F. Dimodica sold 100,000 shares of Starwood Property Trust stock in a transaction 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 owns 1,226,673 shares of the company’s stock, valued at approximately $24,876,928.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.40% of the stock is owned by insiders.

Starwood Property Trust Stock Up 0.6 %

Shares of STWD stock traded up $0.12 on Friday, reaching $19.49. 1,179,888 shares of the company’s stock traded hands, compared to its average volume of 2,027,271. The business’s 50 day moving average price is $19.83 and its two-hundred day moving average price is $19.96. The company has a market capitalization of $6.12 billion, a P/E ratio of 18.21 and a beta of 1.65. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.75 and a current ratio of 1.75. Starwood Property Trust, Inc. has a 12-month low of $16.06 and a 12-month high of $22.29.

Starwood Property Trust Announces Dividend

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 9.85%. Starwood Property Trust’s dividend payout ratio is 179.44%.

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.