Amalgamated Bank Has $4.31 Million Stock Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Amalgamated Bank grew its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 205,236 shares of the real estate investment trust’s stock after purchasing an additional 15,515 shares during the period. Amalgamated Bank owned approximately 0.07% of Starwood Property Trust worth $4,314,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new position in Starwood Property Trust during the 4th quarter worth $26,000. Allworth Financial LP boosted its stake in shares of Starwood Property Trust by 52.7% in the 4th quarter. Allworth Financial LP now owns 2,734 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 943 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Starwood Property Trust in the fourth quarter valued at approximately $95,000. Parkside Financial Bank & Trust grew its holdings in shares of Starwood Property Trust by 9.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 6,436 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 547 shares in the last quarter. Finally, Private Trust Co. NA increased its position in shares of Starwood Property Trust by 17.8% during the fourth quarter. Private Trust Co. NA now owns 6,717 shares of the real estate investment trust’s stock valued at $141,000 after acquiring an additional 1,017 shares during the last quarter. Institutional investors own 49.82% of the company’s stock.

Insider Activity at Starwood Property Trust

In other news, President Jeffrey F. Dimodica sold 100,000 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $20.28, for a total transaction of $2,028,000.00. Following the sale, the president now owns 1,226,673 shares in the company, valued at approximately $24,876,928.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 5.80% of the stock is currently owned by corporate insiders.

Starwood Property Trust Stock Performance

Shares of STWD stock opened at $20.07 on Thursday. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 18.76 and a beta of 1.65. The stock has a fifty day moving average of $19.83 and a 200 day moving average of $19.98. Starwood Property Trust, Inc. has a 52 week low of $16.08 and a 52 week high of $22.29. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.95.

Starwood Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.57%. The ex-dividend date of this dividend was Wednesday, March 27th. Starwood Property Trust’s payout ratio is presently 179.44%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on STWD. Keefe, Bruyette & Woods lowered their target price on Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a research note on Wednesday, April 10th. Wells Fargo & Company boosted their target price on shares of Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. decreased their price target on shares of Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, April 10th. Bank of America reiterated a “neutral” rating and issued a $21.50 price objective (down previously from $22.50) on shares of Starwood Property Trust in a research note on Monday, March 4th. Finally, BTIG Research decreased their target price on 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.71.

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.