New York State Teachers Retirement System Boosts Stock Position in Starwood Property Trust, Inc. (NYSE:STWD)

New York State Teachers Retirement System boosted its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 9.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 137,839 shares of the real estate investment trust’s stock after purchasing an additional 11,965 shares during the quarter. New York State Teachers Retirement System’s holdings in Starwood Property Trust were worth $2,897,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. raised its position in Starwood Property Trust by 54.6% in the 1st quarter. BlackRock Inc. now owns 29,655,633 shares of the real estate investment trust’s stock valued at $524,608,000 after purchasing an additional 10,468,050 shares in the last quarter. Vanguard Group Inc. raised its position in Starwood Property Trust by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 27,349,821 shares of the real estate investment trust’s stock valued at $498,314,000 after purchasing an additional 474,537 shares in the last quarter. State Street Corp raised its position in Starwood Property Trust by 83.4% in the 1st quarter. State Street Corp now owns 8,584,507 shares of the real estate investment trust’s stock valued at $155,952,000 after purchasing an additional 3,902,840 shares in the last quarter. Geode Capital Management LLC raised its position in Starwood Property Trust by 6.1% in the 1st quarter. Geode Capital Management LLC now owns 4,404,467 shares of the real estate investment trust’s stock valued at $78,592,000 after purchasing an additional 254,327 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Starwood Property Trust by 20.4% during the 1st quarter. Ameriprise Financial Inc. now owns 3,625,804 shares of the real estate investment trust’s stock worth $64,130,000 after acquiring an additional 613,539 shares in the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

Shares of STWD stock opened at $19.01 on Tuesday. The stock has a fifty day moving average price of $19.89 and a 200 day moving average price of $19.93. The stock has a market cap of $5.97 billion, a PE ratio of 17.77 and a beta of 1.65. Starwood Property Trust, Inc. has a 1 year low of $16.06 and a 1 year high of $22.29. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.75 and a current ratio of 1.75.

Starwood Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.10%. Starwood Property Trust’s dividend payout ratio (DPR) is 179.44%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on STWD. Keefe, Bruyette & Woods cut 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 report on Wednesday, April 10th. Wells Fargo & Company raised their target price on Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Bank of America reissued a “neutral” rating and set a $21.50 target price (down previously from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. cut their target price on Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 10th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $21.43.

Insider Transactions at Starwood Property Trust

In other news, President Jeffrey F. Dimodica sold 100,000 shares of Starwood Property Trust stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $20.28, for a total value of $2,028,000.00. Following the completion of the sale, the president now owns 1,226,673 shares of the company’s stock, valued at $24,876,928.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, President Jeffrey F. Dimodica sold 100,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $20.28, for a total value of $2,028,000.00. Following the completion of the sale, the president now owns 1,226,673 shares of the company’s stock, valued at $24,876,928.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Jeffrey F. Dimodica sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $20.33, for a total value of $508,250.00. Following the completion of the transaction, the president now owns 925,984 shares in the company, valued at approximately $18,825,254.72. The disclosure for this sale can be found here. Insiders own 5.80% of the company’s stock.

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.