Carnegie Capital Asset Management LLC boosted its position in Starwood Property Trust, Inc. (NYSE:STWD – Get Rating) by 13.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,800 shares of the real estate investment trust's stock after purchasing an additional 4,000 shares during the period. Carnegie Capital Asset Management LLC's holdings in Starwood Property Trust were worth $885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. Ellevest Inc. lifted its stake in Starwood Property Trust by 1,076.1% in the first quarter. Ellevest Inc. now owns 1,082 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 990 shares during the last quarter. Valley National Advisers Inc. bought a new stake in shares of Starwood Property Trust during the first quarter valued at approximately $34,000. Sugarloaf Wealth Management LLC bought a new stake in shares of Starwood Property Trust during the second quarter valued at approximately $31,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Starwood Property Trust during the first quarter valued at approximately $48,000. Finally, First Personal Financial Services bought a new stake in shares of Starwood Property Trust during the first quarter valued at approximately $51,000. Institutional investors own 45.02% of the company's stock.
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Shares of STWD stock opened at $22.21 on Friday. The firm has a market cap of $6.87 billion, a price-to-earnings ratio of 9.10 and a beta of 1.45. The company's 50 day moving average is $23.22 and its 200 day moving average is $23.04. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 2.84. Starwood Property Trust, Inc. has a 52-week low of $19.69 and a 52-week high of $26.35.
Starwood Property Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 8.64%. The ex-dividend date of this dividend is Thursday, September 29th. Starwood Property Trust's dividend payout ratio is currently 78.69%.Wall Street Analyst Weigh In
Several analysts have recently weighed in on STWD shares. JMP Securities decreased their price target on shares of Starwood Property Trust from $28.00 to $26.00 and set a "market outperform" rating for the company in a research note on Tuesday, August 9th. Credit Suisse Group decreased their price target on shares of Starwood Property Trust to $25.50 in a research note on Friday, July 22nd. Finally, Bank of America reaffirmed a "buy" rating and set a $26.00 price target on shares of Starwood Property Trust in a research note on Tuesday, September 6th.
Starwood Property Trust Profile
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Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States, Europe, and Australia. It operates through four segments: 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, including distressed or non-performing loans.
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