Voya Investment Management LLC Sells 108,810 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Voya Investment Management LLC trimmed its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 48.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 115,110 shares of the real estate investment trust's stock after selling 108,810 shares during the period. Voya Investment Management LLC's holdings in Starwood Property Trust were worth $2,181,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Albion Financial Group UT bought a new stake in Starwood Property Trust during the 4th quarter worth approximately $28,000. Brooklyn Investment Group increased its stake in shares of 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 valued at $30,000 after buying an additional 730 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of 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 buying an additional 717 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Starwood Property Trust by 83.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,881 shares of the real estate investment trust's stock worth $36,000 after buying an additional 854 shares in the last quarter. Finally, Hurley Capital LLC acquired a new position in Starwood Property Trust during the 4th quarter worth about $36,000. 49.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STWD has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of Starwood Property Trust from $22.00 to $21.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. UBS Group reduced their price objective on 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, JPMorgan Chase & Co. lowered their target price on Starwood Property Trust from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $21.86.

Starwood Property Trust Stock Performance

Shares of Starwood Property Trust stock opened at $19.28 on Friday. The firm has a fifty day moving average of $19.30 and a two-hundred day moving average of $19.50. 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 capitalization of $6.51 billion, a price-to-earnings ratio of 16.48 and a beta of 1.34. Starwood Property Trust, Inc. has a 52 week low of $16.59 and a 52 week high of $21.17.

Starwood Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.96%. The ex-dividend date of this dividend was Monday, March 31st. Starwood Property Trust's payout ratio is 174.55%.

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.

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