1620 Investment Advisors Inc. Sells 1,611 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

1620 Investment Advisors Inc. cut its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,382 shares of the real estate investment trust’s stock after selling 1,611 shares during the period. 1620 Investment Advisors Inc.’s holdings in Starwood Property Trust were worth $614,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in shares of Starwood Property Trust by 8.1% in the third quarter. Geode Capital Management LLC now owns 5,345,000 shares of the real estate investment trust’s stock valued at $108,960,000 after acquiring an additional 399,672 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Starwood Property Trust by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 2,669,827 shares of the real estate investment trust’s stock valued at $50,593,000 after purchasing an additional 10,979 shares during the period. Raymond James Financial Inc. bought a new position in Starwood Property Trust during the fourth quarter valued at $48,841,000. Charles Schwab Investment Management Inc. grew its holdings in Starwood Property Trust by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,153,097 shares of the real estate investment trust’s stock valued at $40,801,000 after purchasing an additional 43,109 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Starwood Property Trust by 4.3% during the fourth quarter. HighTower Advisors LLC now owns 1,800,235 shares of the real estate investment trust’s stock valued at $34,114,000 after purchasing an additional 74,762 shares during the period. 49.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

STWD has been the subject of several research reports. Keefe, Bruyette & Woods reduced their price objective on Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. cut their price target on Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.21.

Starwood Property Trust Price Performance

NYSE:STWD opened at $20.27 on Friday. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 17.32 and a beta of 1.68. Starwood Property Trust, Inc. has a 52-week low of $18.12 and a 52-week high of $21.17. The stock has a fifty day moving average of $19.66 and a 200 day moving average of $19.80. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79.

Starwood Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.47%. The ex-dividend date of this dividend is Monday, March 31st. Starwood Property Trust’s dividend 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.