Joel Isaacson & Co. LLC boosted its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD – Get Rating) by 11.1% during the second quarter, HoldingsChannel.com reports. The firm owned 26,668 shares of the real estate investment trust’s stock after acquiring an additional 2,674 shares during the period. Joel Isaacson & Co. LLC’s holdings in Starwood Property Trust were worth $557,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in STWD. Ellevest Inc. grew its position in Starwood Property Trust by 1,076.1% in the first quarter. Ellevest Inc. now owns 1,082 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 990 shares in the last quarter. Valley National Advisers Inc. bought a new stake in Starwood Property Trust in the first quarter worth approximately $34,000. Sugarloaf Wealth Management LLC bought a new stake in Starwood Property Trust in the second quarter worth approximately $31,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Starwood Property Trust in the first quarter worth $48,000. Finally, First Personal Financial Services acquired a new stake in shares of Starwood Property Trust in the first quarter worth $51,000. 45.02% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts have recently weighed in on STWD shares. Bank of America restated a “buy” rating and issued a $26.00 price objective on shares of Starwood Property Trust in a research note on Tuesday, September 6th. JMP Securities reduced their price objective on shares of Starwood Property Trust from $28.00 to $26.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 9th. Finally, Credit Suisse Group reduced their price objective on shares of Starwood Property Trust to $25.50 in a research note on Friday, July 22nd.
Starwood Property Trust Stock Performance
Starwood Property Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 8.99%. The ex-dividend date of this dividend is Thursday, September 29th. Starwood Property Trust’s payout ratio is currently 78.69%.
Starwood Property Trust Profile
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States, Europe, and Australia. It operates through four segments: 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, including distressed or non-performing loans.
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