Starwood Property Trust, Inc. (NYSE:STWD) Position Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 233.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 180,403 shares of the real estate investment trust's stock after buying an additional 126,298 shares during the quarter. Victory Capital Management Inc. owned 0.06% of Starwood Property Trust worth $3,792,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Teachers Retirement System of The State of Kentucky raised its stake in shares of Starwood Property Trust by 97.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 104,320 shares of the real estate investment trust's stock valued at $2,018,000 after acquiring an additional 51,504 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Starwood Property Trust by 2,347.1% during 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 in the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in shares of Starwood Property Trust during the third quarter valued at $6,772,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Starwood Property Trust in the third quarter valued at about $506,000. Finally, Northern Trust Corp lifted its stake in Starwood Property Trust by 26.7% in the third 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 during the period. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions 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 completion of the transaction, the president now owns 1,226,673 shares in the company, valued at $24,876,928.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.80% of the company's stock.

Analysts Set New Price Targets

STWD has been the subject of several analyst reports. Keefe, Bruyette & Woods decreased their price objective on Starwood Property Trust from $21.00 to $20.50 and set a "market perform" rating for the company in a report on Wednesday, April 10th. Wells Fargo & Company boosted their price target on Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd. BTIG Research decreased their price objective 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. Bank of America restated a "neutral" rating and set a $21.50 price target (down previously from $22.50) on shares of Starwood Property Trust in a research note on Monday, March 4th. Finally, Raymond James dropped their price objective on shares of Starwood Property Trust from $23.50 to $23.00 and set a "strong-buy" rating on the stock in a report on Thursday. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Starwood Property Trust has an average rating of "Moderate Buy" and an average price target of $21.88.

Starwood Property Trust Stock Performance

Shares of STWD stock traded down $0.20 on Thursday, hitting $20.62. The company had a trading volume of 2,580,620 shares, compared to its average volume of 2,164,025. Starwood Property Trust, Inc. has a twelve month low of $16.19 and a twelve month high of $22.29. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.80. The firm has a market cap of $6.52 billion, a P/E ratio of 14.83 and a beta of 1.65. The company has a 50-day moving average price of $19.84 and a 200-day moving average price of $20.08.

Starwood Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $0.48 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.92 annualized dividend and a yield of 9.31%. Starwood Property Trust's dividend payout ratio is presently 138.13%.

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.