Starwood Property Trust (NYSE:STWD) Sets New 52-Week Low – Here’s Why

Starwood Property Trust, Inc. (NYSE:STWD)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $18.08 and last traded at $18.45, with a volume of 2242468 shares. The stock had previously closed at $19.20.

Analyst Ratings Changes

Several brokerages have commented on STWD. Keefe, Bruyette & Woods decreased their price target 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. JPMorgan Chase & Co. cut their price target on Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $22.21.

Starwood Property Trust Trading Down 4.6 %

The firm has a market cap of $6.19 billion, a PE ratio of 15.57 and a beta of 1.68. 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 business has a 50-day moving average price of $19.82 and a two-hundred day moving average price of $19.80.

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 10.48%. The ex-dividend date of this dividend is Monday, March 31st. Starwood Property Trust’s dividend payout ratio (DPR) is presently 174.55%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. California State Teachers Retirement System increased its position in Starwood Property Trust by 3.3% during the fourth quarter. California State Teachers Retirement System now owns 296,903 shares of the real estate investment trust’s stock worth $5,626,000 after buying an additional 9,623 shares in the last quarter. Centaurus Financial Inc. increased its position in Starwood Property Trust by 28.3% during the 4th quarter. Centaurus Financial Inc. now owns 81,843 shares of the real estate investment trust’s stock worth $1,551,000 after purchasing an additional 18,041 shares in the last quarter. Palogic Value Management L.P. raised its stake in Starwood Property Trust by 20.2% in the 4th quarter. Palogic Value Management L.P. now owns 42,637 shares of the real estate investment trust’s stock valued at $808,000 after purchasing an additional 7,165 shares during the last quarter. United Advisor Group LLC lifted its holdings in Starwood Property Trust by 13.4% in the 4th quarter. United Advisor Group LLC now owns 143,984 shares of the real estate investment trust’s stock valued at $2,728,000 after purchasing an additional 16,960 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of Starwood Property Trust by 14.5% during the 4th quarter. Sunbelt Securities Inc. now owns 66,848 shares of the real estate investment trust’s stock worth $1,283,000 after purchasing an additional 8,478 shares during the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

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.