Starwood Property Trust, Inc. (NYSE:STWD) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 92.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,500 shares of the real estate investment trust’s stock after selling 94,100 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Starwood Property Trust were worth $152,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Starwood Property Trust by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 28,852,499 shares of the real estate investment trust’s stock worth $606,480,000 after acquiring an additional 72,461 shares during the period. Norges Bank acquired a new position in shares of Starwood Property Trust during the fourth quarter worth about $62,447,000. Wells Fargo & Company MN increased its stake in shares of Starwood Property Trust by 2.7% during the fourth quarter. Wells Fargo & Company MN now owns 2,246,265 shares of the real estate investment trust’s stock worth $47,216,000 after acquiring an additional 58,836 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Starwood Property Trust by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,929,579 shares of the real estate investment trust’s stock worth $40,560,000 after acquiring an additional 52,613 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its position in Starwood Property Trust by 4.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,386,747 shares of the real estate investment trust’s stock worth $28,193,000 after buying an additional 64,675 shares during the period. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on STWD shares. Wolfe Research started coverage on shares of Starwood Property Trust in a research report on Tuesday, June 25th. They set a “peer perform” rating on the stock. BTIG Research restated a “buy” rating and set a $24.00 target price on shares of Starwood Property Trust in a research report on Friday, July 19th. Keefe, Bruyette & Woods lowered their target price on shares of Starwood Property Trust from $20.50 to $20.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 10th. Raymond James lowered their target price on shares of Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a research report on Thursday, May 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Starwood Property Trust has a consensus rating of “Moderate Buy” and a consensus target price of $21.71.

Starwood Property Trust Stock Performance

NYSE:STWD opened at $19.90 on Friday. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.80. The company has a market cap of $6.29 billion, a P/E ratio of 14.32 and a beta of 1.69. Starwood Property Trust, Inc. has a fifty-two week low of $17.07 and a fifty-two week high of $22.29. The firm’s 50 day moving average is $19.40 and its two-hundred day moving average is $19.79.

Starwood Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 9.65%. The ex-dividend date is Monday, September 30th. Starwood Property Trust’s payout ratio is currently 138.13%.

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.