Cary Street Partners Financial LLC Invests $627,000 in Starwood Property Trust, Inc. (NYSE:STWD)

Cary Street Partners Financial LLC acquired a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 33,081 shares of the real estate investment trust's stock, valued at approximately $627,000.

Several other institutional investors and hedge funds also recently bought and sold shares of STWD. Vanguard Group Inc. grew its stake in Starwood Property Trust by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 30,943,260 shares of the real estate investment trust's stock valued at $586,375,000 after purchasing an additional 377,939 shares in the last quarter. Northern Trust Corp grew its stake in shares of Starwood Property Trust by 16.2% in the 4th quarter. Northern Trust Corp now owns 5,287,030 shares of the real estate investment trust's stock valued at $100,189,000 after buying an additional 736,699 shares in the last quarter. Norges Bank bought a new stake in shares of Starwood Property Trust in the 4th quarter valued at approximately $63,044,000. Bank of New York Mellon Corp increased its holdings in Starwood Property Trust by 0.4% in the fourth quarter. Bank of New York Mellon Corp now owns 2,669,827 shares of the real estate investment trust's stock worth $50,593,000 after buying an additional 10,979 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Starwood Property Trust during the fourth quarter valued at approximately $48,841,000. Hedge funds and other institutional investors own 49.82% of the company's stock.

Analysts Set New Price Targets

STWD has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their target price on shares of Starwood Property Trust from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods lowered their target price on shares of Starwood Property Trust from $22.00 to $21.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Finally, UBS Group reduced their price target on Starwood Property Trust from $19.50 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $21.86.

Starwood Property Trust Stock Performance

Starwood Property Trust stock traded up $0.13 on Friday, reaching $19.17. 2,368,766 shares of the stock were exchanged, compared to its average volume of 2,449,765. The firm has a fifty day moving average price of $19.19 and a two-hundred day moving average price of $19.47. Starwood Property Trust, Inc. has a twelve month low of $16.59 and a twelve month high of $21.17. The stock has a market cap of $6.47 billion, a PE ratio of 16.38 and a beta of 1.26. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61.

Starwood Property Trust (NYSE:STWD - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The company had revenue of $418.18 million during the quarter, compared to the consensus estimate of $469.00 million. During the same period last year, the company earned $0.59 earnings per share. Sell-side analysts anticipate that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Starwood Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.92 annualized dividend and a yield of 10.02%. Starwood Property Trust's dividend payout ratio is 174.55%.

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.