Renaissance Technologies LLC Trims Stake in Starwood Property Trust, Inc. (NYSE:STWD)

Renaissance Technologies LLC decreased its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 72.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 146,884 shares of the real estate investment trust's stock after selling 382,000 shares during the period. Renaissance Technologies LLC's holdings in Starwood Property Trust were worth $2,783,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Wealth Quarterback LLC raised its stake in Starwood Property Trust by 3.6% in the fourth quarter. Wealth Quarterback LLC now owns 14,817 shares of the real estate investment trust's stock worth $281,000 after buying an additional 518 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Starwood Property Trust by 1.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 34,528 shares of the real estate investment trust's stock worth $654,000 after purchasing an additional 571 shares during the last quarter. Register Financial Advisors LLC boosted its position in Starwood Property Trust by 1.4% during the fourth quarter. Register Financial Advisors LLC now owns 44,329 shares of the real estate investment trust's stock valued at $840,000 after purchasing an additional 604 shares in the last quarter. UMB Bank n.a. grew its stake in Starwood Property Trust by 69.7% in the fourth quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 717 shares during the last quarter. Finally, Brooklyn Investment Group raised its holdings in Starwood Property Trust by 86.1% in the fourth quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 730 shares in the last quarter. Hedge funds and other institutional investors own 49.82% of the company's stock.

Starwood Property Trust Stock Performance

Shares of NYSE:STWD traded down $0.02 on Wednesday, hitting $19.19. 2,244,954 shares of the company were exchanged, compared to its average volume of 2,455,168. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61. The stock's 50 day moving average price is $19.33 and its 200 day moving average price is $19.52. Starwood Property Trust, Inc. has a 1-year low of $16.59 and a 1-year high of $21.17. The firm has a market capitalization of $6.48 billion, a P/E ratio of 16.40 and a beta of 1.34.

Starwood Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 10.01%. The ex-dividend date was Monday, March 31st. Starwood Property Trust's payout ratio is 174.55%.

Analyst Ratings Changes

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

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.