Starwood Property Trust, Inc. (NYSE:STWD) Stock Position Lifted by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC boosted its stake in shares of Starwood Property Trust, Inc. (NYSE:STWDGet 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

NYSE:STWD traded down $0.86 during trading hours on Friday, hitting $21.35. 86,355 shares of the company traded hands, compared to its average volume of 1,904,138. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of 9.10 and a beta of 1.45. Starwood Property Trust, Inc. has a twelve month low of $19.69 and a twelve month high of $26.35. The firm has a 50-day moving average of $23.22 and a 200 day moving average of $23.04. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 2.84.

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

(Get Rating)

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.

Recommended Stories

Want to see what other hedge funds are holding STWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starwood Property Trust, Inc. (NYSE:STWDGet Rating).

Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

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.