CreativeOne Wealth LLC Acquires Shares of 112,422 Starwood Property Trust, Inc. (NYSE:STWD)

CreativeOne Wealth LLC bought a new stake in Starwood Property Trust, Inc. (NYSE:STWD) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 112,422 shares of the real estate investment trust’s stock, valued at approximately $2,130,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Starwood Property Trust by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 30,943,260 shares of the real estate investment trust’s stock worth $586,375,000 after buying an additional 377,939 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Starwood Property Trust by 8.1% during the third quarter. Geode Capital Management LLC now owns 5,345,000 shares of the real estate investment trust’s stock worth $108,960,000 after purchasing an additional 399,672 shares in the last quarter. Norges Bank acquired a new position in Starwood Property Trust in the 4th quarter valued at $63,044,000. Bank of New York Mellon Corp lifted its holdings in Starwood Property Trust by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 2,669,827 shares of the real estate investment trust’s stock valued at $50,593,000 after purchasing an additional 10,979 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Starwood Property Trust during the 4th quarter worth $48,841,000. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on STWD shares. Keefe, Bruyette & Woods reduced their target price on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. JPMorgan Chase & Co. decreased their target price on shares of Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.07.

Starwood Property Trust Trading Up 0.5 %

STWD opened at $18.42 on Wednesday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. The firm has a market cap of $6.22 billion, a P/E ratio of 15.75 and a beta of 1.34. Starwood Property Trust, Inc. has a 52 week low of $16.59 and a 52 week high of $21.17. The business has a fifty day simple moving average of $19.54 and a 200-day simple moving average of $19.60.

Starwood Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 10.42%. The ex-dividend date of this dividend was Monday, March 31st. Starwood Property Trust’s payout ratio is presently 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.