RFG Advisory LLC Raises Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

RFG Advisory LLC increased its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 2.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 121,621 shares of the real estate investment trust’s stock after purchasing an additional 2,586 shares during the period. RFG Advisory LLC’s holdings in Starwood Property Trust were worth $2,473,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in STWD. GAMMA Investing LLC bought a new position in shares of Starwood Property Trust during the fourth quarter valued at approximately $26,000. ICA Group Wealth Management LLC bought a new position in shares of Starwood Property Trust in the 4th quarter worth $28,000. Cape Investment Advisory Inc. purchased a new stake in shares of Starwood Property Trust during the 4th quarter worth $32,000. Core Wealth Advisors Inc. bought a new stake in Starwood Property Trust during the fourth quarter valued at about $32,000. Finally, Kapitalo Investimentos Ltda bought a new position in Starwood Property Trust in the fourth quarter worth about $49,000. 49.82% of the stock is owned by hedge funds and other institutional investors.

Starwood Property Trust Stock Performance

NYSE STWD opened at $19.34 on Friday. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 13.91 and a beta of 1.68. Starwood Property Trust, Inc. has a twelve month low of $17.07 and a twelve month high of $22.29. The stock has a 50-day moving average of $19.47 and a 200 day moving average of $20.06. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.80.

Starwood Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.92 dividend on an annualized basis and a yield of 9.93%. Starwood Property Trust’s dividend payout ratio is currently 138.13%.

Wall Street Analyst Weigh In

STWD has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their target price 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. Bank of America reiterated a “neutral” rating and set a $21.50 price objective (down from $22.50) on shares of Starwood Property Trust in a research note on Monday, March 4th. Keefe, Bruyette & Woods dropped 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. BTIG Research cut their price objective on Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Finally, Raymond James cut their price target on shares of Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a report on Thursday, May 16th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Starwood Property Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.88.

Insider Buying and Selling

In other Starwood Property Trust news, President Jeffrey F. Dimodica sold 100,000 shares of the 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 transaction, the president now directly owns 1,226,673 shares of the company’s stock, valued at $24,876,928.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 5.40% of the stock is owned by insiders.

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.