Apollon Wealth Management LLC Has $1.34 Million Position in Starwood Property Trust, Inc. (NYSE:STWD)

Apollon Wealth Management LLC raised its position in Starwood Property Trust, Inc. (NYSE:STWD) by 15.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,521 shares of the real estate investment trust’s stock after buying an additional 8,387 shares during the quarter. Apollon Wealth Management LLC’s holdings in Starwood Property Trust were worth $1,335,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Parkside Financial Bank & Trust increased its stake in Starwood Property Trust by 9.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 6,436 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 547 shares during the last quarter. Highland Capital Management LLC boosted its stake in shares of Starwood Property Trust by 1.4% in the 4th quarter. Highland Capital Management LLC now owns 43,200 shares of the real estate investment trust’s stock valued at $908,000 after purchasing an additional 600 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Starwood Property Trust by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 129,403 shares of the real estate investment trust’s stock valued at $2,504,000 after purchasing an additional 650 shares during the last quarter. Pearl River Capital LLC increased its position in Starwood Property Trust by 2.3% during the 3rd quarter. Pearl River Capital LLC now owns 29,769 shares of the real estate investment trust’s stock worth $576,000 after purchasing an additional 672 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in Starwood Property Trust by 1.1% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 62,983 shares of the real estate investment trust’s stock worth $1,324,000 after purchasing an additional 707 shares during the last quarter. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Price Performance

Shares of NYSE STWD opened at $20.07 on Thursday. The firm has a market capitalization of $6.30 billion, a P/E ratio of 18.76 and a beta of 1.65. The firm’s 50-day moving average price is $19.83 and its 200-day moving average price is $19.98. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.95. Starwood Property Trust, Inc. has a 1-year low of $16.08 and a 1-year high of $22.29.

Starwood Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.92 annualized dividend and a yield of 9.57%. Starwood Property Trust’s payout ratio is currently 179.44%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on STWD shares. BTIG Research decreased their price target on Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. JPMorgan Chase & Co. lowered their price target on shares of 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 objective 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. Keefe, Bruyette & Woods dropped their target price on shares of Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a report on Wednesday, April 10th. Finally, Bank of America reissued a “neutral” rating and issued a $21.50 price objective (down from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. Four 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 price target of $21.71.

Insiders Place Their Bets

In other Starwood Property Trust news, President Jeffrey F. Dimodica sold 100,000 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $20.28, for a total transaction of $2,028,000.00. Following the completion of the sale, the president now owns 1,226,673 shares in the company, valued at approximately $24,876,928.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.80% of the company’s stock.

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.