Adage Capital Partners GP L.L.C. Buys 248,904 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Adage Capital Partners GP L.L.C. increased its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 17.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,648,904 shares of the real estate investment trust's stock after purchasing an additional 248,904 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.49% of Starwood Property Trust worth $31,247,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in STWD. Albion Financial Group UT bought a new stake in Starwood Property Trust during the 4th quarter valued at $28,000. Brooklyn Investment Group grew its position in Starwood Property Trust by 86.1% during the fourth quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 730 shares during the period. UMB Bank n.a. grew its position in Starwood Property Trust by 69.7% during 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 buying an additional 717 shares during the period. Smartleaf Asset Management LLC grew its position in Starwood Property Trust by 83.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,881 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 854 shares during the period. Finally, Hurley Capital LLC purchased a new stake in Starwood Property Trust during the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 49.82% of the company's stock.

Starwood Property Trust Stock Down 0.2 %

Shares of NYSE:STWD traded down $0.03 during trading on Thursday, reaching $19.16. 575,473 shares of the stock traded hands, compared to its average volume of 2,447,765. The stock has a 50-day moving average of $19.33 and a two-hundred day moving average of $19.52. Starwood Property Trust, Inc. has a 52-week low of $16.59 and a 52-week high of $21.17. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market cap of $6.47 billion, a P/E ratio of 16.37 and a beta of 1.34.

Starwood Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 10.02%. The ex-dividend date was Monday, March 31st. Starwood Property Trust's dividend payout ratio is currently 174.55%.

Analyst Ratings Changes

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

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.