Short Interest in Starwood Property Trust, Inc. (NYSE:STWD) Drops By 24.1%

Starwood Property Trust, Inc. (NYSE:STWD - Get Free Report) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 11,810,000 shares, a decrease of 24.1% from the March 31st total of 15,550,000 shares. Based on an average daily volume of 2,200,000 shares, the short-interest ratio is presently 5.4 days.

Starwood Property Trust Stock Up 2.0 %

NYSE STWD traded up $0.39 during trading hours on Friday, reaching $19.50. 2,296,589 shares of the company traded hands, compared to its average volume of 1,875,683. Starwood Property Trust has a 12 month low of $16.06 and a 12 month high of $22.29. 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 stock has a market capitalization of $6.12 billion, a PE ratio of 18.22 and a beta of 1.65. The company has a 50 day moving average of $19.87 and a two-hundred day moving average of $19.96.

Starwood Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid 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 yield of 9.85%. Starwood Property Trust's dividend payout ratio (DPR) is 179.44%.

Wall Street Analyst Weigh In

STWD has been the subject of several research analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Starwood Property Trust from $21.00 to $20.50 and set a "market perform" rating for the company in a research report on Wednesday, April 10th. BTIG Research dropped their price target on shares of Starwood Property Trust from $24.00 to $23.00 and set a "buy" rating for the company in a research report on Wednesday, April 17th. Wells Fargo & Company upped their price target on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a research report on Friday, February 23rd. Bank of America reaffirmed a "neutral" rating and set a $21.50 price target (down previously from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. dropped 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 research report on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $21.71.

Insider Buying and Selling at Starwood Property Trust

In other Starwood Property Trust news, President Jeffrey F. Dimodica sold 100,000 shares of the company's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $20.28, for a total value of $2,028,000.00. Following the sale, the president now owns 1,226,673 shares of the company's stock, valued at $24,876,928.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, President Jeffrey F. Dimodica sold 100,000 shares of the business's stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $20.28, for a total value of $2,028,000.00. Following the completion of the transaction, the president now owns 1,226,673 shares of the company's stock, valued at $24,876,928.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Jeffrey F. Dimodica sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $20.33, for a total transaction of $508,250.00. Following the completion of the transaction, the president now directly owns 925,984 shares of the company's stock, valued at approximately $18,825,254.72. The disclosure for this sale can be found here. Insiders own 5.40% of the company's stock.

Institutional Trading of Starwood Property Trust

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC acquired a new stake in shares of Starwood Property Trust during the fourth quarter worth $26,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Starwood Property Trust during the first quarter worth $26,000. ICA Group Wealth Management LLC acquired a new stake in shares of Starwood Property Trust during the fourth quarter worth $28,000. Cape Investment Advisory Inc. acquired a new stake in shares of Starwood Property Trust during the fourth quarter worth $32,000. Finally, Core Wealth Advisors Inc. acquired a new stake in shares of Starwood Property Trust in the 4th quarter worth about $32,000. 49.82% of the stock is owned by institutional investors and hedge funds.

Starwood Property Trust Company 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.

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