Liberty Wealth Management LLC lifted its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 2,517.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,606 shares of the real estate investment trust’s stock after acquiring an additional 4,430 shares during the quarter. Liberty Wealth Management LLC’s holdings in Starwood Property Trust were worth $176,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Marshall Wace North America L.P. acquired a new stake in Starwood Property Trust in the first quarter worth about $60,000. Principal Financial Group Inc. boosted its stake in shares of Starwood Property Trust by 15.2% in the 1st quarter. Principal Financial Group Inc. now owns 18,697 shares of the real estate investment trust’s stock valued at $463,000 after purchasing an additional 2,474 shares during the last quarter. CIBC World Markets Inc. grew its position in shares of Starwood Property Trust by 25.1% during the 1st quarter. CIBC World Markets Inc. now owns 19,916 shares of the real estate investment trust’s stock worth $493,000 after buying an additional 3,993 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Starwood Property Trust by 22.3% during the first quarter. Teacher Retirement System of Texas now owns 31,596 shares of the real estate investment trust’s stock worth $782,000 after buying an additional 5,764 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in Starwood Property Trust by 48.4% in the first quarter. Sei Investments Co. now owns 314,123 shares of the real estate investment trust’s stock valued at $7,502,000 after buying an additional 102,396 shares during the period. 46.23% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Thursday, October 7th. JMP Securities increased their target price on Starwood Property Trust from $17.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, August 4th. Finally, Raymond James boosted their target price on Starwood Property Trust from $27.50 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, August 6th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $28.00.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Thursday, September 30th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 7.57%. The ex-dividend date is Wednesday, September 29th. Starwood Property Trust’s dividend payout ratio is currently 102.67%.
Starwood Property Trust Company Profile
Starwood Property Trust, Inc engages in originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt and equity investments. It operates through the following segments: Real Estate Commercial and Residential Lending, Real Estate Property, Infrastructure Lending and Real Estate Investing and Servicing.
Featured Article: Green Investing
Receive News & Ratings for Starwood Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starwood Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.