Scissortail Wealth Management LLC Acquires Shares of 9,500 Starwood Property Trust, Inc. (NYSE:STWD)

Scissortail Wealth Management LLC acquired a new stake in Starwood Property Trust, Inc. (NYSE:STWD) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 9,500 shares of the real estate investment trust’s stock, valued at approximately $201,000.

Several other institutional investors have also recently bought and sold shares of STWD. Teachers Retirement System of The State of Kentucky raised its position in shares of Starwood Property Trust by 97.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 104,320 shares of the real estate investment trust’s stock worth $2,018,000 after acquiring an additional 51,504 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Starwood Property Trust by 2,347.1% during the fourth quarter. International Assets Investment Management LLC now owns 270,406 shares of the real estate investment trust’s stock worth $5,684,000 after acquiring an additional 259,356 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Starwood Property Trust during the third quarter worth $6,772,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Starwood Property Trust during the third quarter worth $506,000. Finally, Northern Trust Corp grew its stake in shares of Starwood Property Trust by 26.7% during the third quarter. Northern Trust Corp now owns 3,121,335 shares of the real estate investment trust’s stock worth $60,398,000 after purchasing an additional 657,180 shares during the period. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Down 0.7 %

Shares of STWD stock traded down $0.13 on Wednesday, hitting $18.88. 3,072,438 shares of the stock were exchanged, compared to its average volume of 1,894,335. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.95. The firm has a market capitalization of $5.93 billion, a P/E ratio of 17.64 and a beta of 1.65. The business has a 50-day moving average of $19.87 and a 200 day moving average of $19.93. Starwood Property Trust, Inc. has a fifty-two week low of $16.06 and a fifty-two week high of $22.29.

Starwood Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.92 annualized dividend and a dividend yield of 10.17%. Starwood Property Trust’s dividend payout ratio is currently 179.44%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. decreased their price objective on Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, April 10th. Bank of America reaffirmed 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. Finally, Keefe, Bruyette & Woods decreased their target price on Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a research note on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $21.43.

Insider Transactions at Starwood Property Trust

In related news, President Jeffrey F. Dimodica sold 100,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $20.28, for a total transaction of $2,028,000.00. Following the sale, the president now owns 1,226,673 shares in the company, valued at $24,876,928.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, President Jeffrey F. Dimodica sold 100,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $20.28, for a total transaction of $2,028,000.00. Following the sale, the president now owns 1,226,673 shares in the company, valued at $24,876,928.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Jeffrey F. Dimodica sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $20.33, for a total value of $508,250.00. Following the sale, the president now owns 925,984 shares in the company, valued at approximately $18,825,254.72. The disclosure for this sale can be found here. 5.80% of the stock is owned by insiders.

About Starwood Property Trust

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.