TCG Advisory Services LLC Makes New Investment in Starwood Property Trust, Inc. (NYSE:STWD)

TCG Advisory Services LLC purchased a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 253,110 shares of the real estate investment trust's stock, valued at approximately $5,320,000. TCG Advisory Services LLC owned approximately 0.08% of Starwood Property Trust as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC purchased a new stake in Starwood Property Trust during the 4th quarter valued at $26,000. Allworth Financial LP grew its holdings in Starwood Property Trust by 52.7% during the 4th quarter. Allworth Financial LP now owns 2,734 shares of the real estate investment trust's stock valued at $57,000 after purchasing an additional 943 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in Starwood Property Trust in the 4th quarter worth about $95,000. Parkside Financial Bank & Trust lifted 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 worth $135,000 after purchasing an additional 547 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in shares of Starwood Property Trust by 17.8% during the fourth quarter. Private Trust Co. NA now owns 6,717 shares of the real estate investment trust's stock valued at $141,000 after buying an additional 1,017 shares during the period. Institutional investors own 49.82% of the company's stock.

Starwood Property Trust Stock Up 0.6 %

Shares of STWD stock traded up $0.12 during mid-day trading on Friday, hitting $19.49. The stock had a trading volume of 1,179,888 shares, compared to its average volume of 2,027,271. Starwood Property Trust, Inc. has a 12-month low of $16.06 and a 12-month high of $22.29. The firm has a market capitalization of $6.12 billion, a P/E ratio of 18.21 and a beta of 1.65. The firm's 50-day moving average is $19.83 and its two-hundred day moving average is $19.96. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.75 and a quick ratio of 1.75.

Starwood Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 9.85%. The ex-dividend date of this dividend was Wednesday, March 27th. Starwood Property Trust's dividend payout ratio is 179.44%.

Analyst Upgrades and Downgrades

STWD has been the topic of several recent analyst reports. Bank of America reiterated a "neutral" rating and issued a $21.50 price target (down from $22.50) on shares of Starwood Property Trust in a report on Monday, March 4th. JPMorgan Chase & Co. cut their price objective on Starwood Property Trust from $21.00 to $20.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 10th. Keefe, Bruyette & Woods cut their price objective on Starwood Property Trust from $21.00 to $20.50 and set a "market perform" rating on the stock in a research report on Wednesday, April 10th. Wells Fargo & Company upped 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. Finally, BTIG Research cut their price objective on Starwood Property Trust from $24.00 to $23.00 and set a "buy" rating on the stock in a research report on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.71.

Insiders Place Their Bets

In related news, President Jeffrey F. Dimodica sold 100,000 shares of the company's stock in a transaction on Thursday, March 28th. The stock was 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 directly 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 available at the SEC website. Company insiders own 5.40% 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.