Starwood Property Trust, Inc. (NYSE:STWD) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp lifted its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 11.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 93,174 shares of the real estate investment trust’s stock after buying an additional 9,270 shares during the quarter. Cibc World Markets Corp’s holdings in Starwood Property Trust were worth $1,766,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in STWD. Charles Schwab Investment Management Inc. lifted its holdings in shares of Starwood Property Trust by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,109,988 shares of the real estate investment trust’s stock valued at $43,002,000 after purchasing an additional 116,182 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Starwood Property Trust by 147.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 225,245 shares of the real estate investment trust’s stock valued at $4,590,000 after buying an additional 134,121 shares during the last quarter. Atria Wealth Solutions Inc. increased its position in Starwood Property Trust by 31.0% during the fourth quarter. Atria Wealth Solutions Inc. now owns 88,148 shares of the real estate investment trust’s stock worth $1,670,000 after buying an additional 20,840 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Starwood Property Trust by 66.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 224,962 shares of the real estate investment trust’s stock worth $4,585,000 after acquiring an additional 90,046 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in shares of Starwood Property Trust in the third quarter valued at $2,250,000. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Starwood Property Trust Trading Down 1.6 %

NYSE STWD opened at $19.95 on Friday. The company has a market cap of $6.73 billion, a P/E ratio of 17.05 and a beta of 1.68. Starwood Property Trust, Inc. has a 12 month low of $18.12 and a 12 month high of $21.17. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79. The company has a 50-day moving average of $19.69 and a 200-day moving average of $19.80.

Starwood Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.63%. The ex-dividend date is Monday, March 31st. Starwood Property Trust’s dividend payout ratio is currently 174.55%.

Starwood Property Trust Company 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.