Raymond James Financial Services Advisors Inc. Boosts Stock Position in Starwood Property Trust, Inc. (NYSE:STWD)

Raymond James Financial Services Advisors Inc. boosted its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 4.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,386,747 shares of the real estate investment trust's stock after acquiring an additional 64,675 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.44% of Starwood Property Trust worth $28,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky lifted its holdings in Starwood Property Trust by 97.5% in the 3rd 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 buying an additional 51,504 shares during the period. International Assets Investment Management LLC lifted its holdings in Starwood Property Trust by 2,347.1% in the 4th quarter. International Assets Investment Management LLC now owns 270,406 shares of the real estate investment trust's stock worth $5,684,000 after buying an additional 259,356 shares during the period. Adage Capital Partners GP L.L.C. purchased a new stake in Starwood Property Trust in the 3rd quarter worth approximately $6,772,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Starwood Property Trust in the 3rd quarter worth approximately $506,000. Finally, Northern Trust Corp raised its position in shares of Starwood Property Trust by 26.7% in the 3rd quarter. Northern Trust Corp now owns 3,121,335 shares of the real estate investment trust's stock worth $60,398,000 after acquiring an additional 657,180 shares in the last quarter. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Bank of America reissued a "neutral" rating and issued a $21.50 target price (down previously from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. Keefe, Bruyette & Woods reduced their price objective on 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. Wells Fargo & Company raised their price objective on Starwood Property Trust from $21.00 to $22.00 and gave the company an "outperform" rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. reduced their price objective on 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. Finally, BTIG Research reduced their price objective on 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. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Starwood Property Trust has a consensus rating of "Moderate Buy" and a consensus target price of $21.71.

Starwood Property Trust Stock Up 0.8 %

Shares of Starwood Property Trust stock traded up $0.14 on Wednesday, reaching $19.12. The company's stock had a trading volume of 2,426,959 shares, compared to its average volume of 2,142,854. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of 17.86 and a beta of 1.65. The firm's fifty day simple moving average is $19.86 and its two-hundred day simple moving average is $19.96. Starwood Property Trust, Inc. has a 52 week low of $16.06 and a 52 week high of $22.29. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.95.

Starwood Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.48 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.04%. Starwood Property Trust's dividend payout ratio (DPR) is currently 179.44%.

Insider Transactions at Starwood Property Trust

In other news, President Jeffrey F. Dimodica sold 100,000 shares of the firm's stock in a transaction on 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 directly owns 1,226,673 shares in the company, valued at approximately $24,876,928.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, President Jeffrey F. Dimodica sold 100,000 shares of the firm's stock in a transaction on 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 directly owns 1,226,673 shares in the company, valued at approximately $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 firm's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $20.33, for a total value of $508,250.00. Following the completion of the transaction, the president now owns 925,984 shares in the company, valued at $18,825,254.72. The disclosure for this sale can be found here. Company insiders own 5.80% of the company's stock.

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.

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