10,800 Shares in Starwood Property Trust, Inc. (NYSE:STWD) Bought by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC acquired a new stake in Starwood Property Trust, Inc. (NYSE:STWD) in the 4th quarter, HoldingsChannel reports. The fund acquired 10,800 shares of the real estate investment trust’s stock, valued at approximately $227,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its position in shares of Starwood Property Trust by 10.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,282,284 shares of the real estate investment trust’s stock valued at $24,812,000 after acquiring an additional 123,643 shares during the period. Stratos Wealth Partners LTD. lifted its stake in Starwood Property Trust by 74.7% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 27,643 shares of the real estate investment trust’s stock valued at $535,000 after purchasing an additional 11,816 shares during the last quarter. Stratos Wealth Advisors LLC bought a new position in Starwood Property Trust during the third quarter worth about $564,000. NorthRock Partners LLC bought a new stake in Starwood Property Trust in the third quarter valued at approximately $247,000. Finally, Brown Advisory Inc. lifted its holdings in Starwood Property Trust by 1.3% during the 3rd quarter. Brown Advisory Inc. now owns 59,613 shares of the real estate investment trust’s stock valued at $1,154,000 after purchasing an additional 788 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. BTIG Research decreased their price target on shares of Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Bank of America restated a “neutral” rating and issued a $21.50 price target (down from $22.50) on shares of Starwood Property Trust in a research note on Monday, March 4th. JPMorgan Chase & Co. dropped their target price on Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, April 10th. Wells Fargo & Company upped their price target on shares of Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of 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 four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.71.

Starwood Property Trust Price Performance

Shares of NYSE:STWD opened at $19.49 on Friday. Starwood Property Trust, Inc. has a 12 month low of $16.06 and a 12 month high of $22.29. The stock has a market capitalization of $6.12 billion, a PE ratio of 18.21 and a beta of 1.65. 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 50 day moving average of $19.83 and a 200-day moving average of $19.95.

Starwood Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.85%. Starwood Property Trust’s dividend payout ratio (DPR) is currently 179.44%.

Insider Buying and Selling

In other Starwood Property Trust news, President Jeffrey F. Dimodica sold 100,000 shares of Starwood Property Trust stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $20.28, for a total value of $2,028,000.00. Following the transaction, the president now owns 1,226,673 shares in the company, valued at $24,876,928.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.40% of the stock is owned by corporate insiders.

Starwood Property Trust 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.