Starwood Property Trust, Inc. (NYSE:STWD – Get Rating) was the recipient of some unusual options trading activity on Monday. Investors bought 51,552 put options on the stock. This represents an increase of approximately 961% compared to the average daily volume of 4,857 put options.
Starwood Property Trust Trading Down 4.4 %
STWD stock traded down $0.94 during midday trading on Monday, reaching $20.47. 108,507 shares of the company's stock traded hands, compared to its average volume of 2,237,758. The company has a market capitalization of $6.33 billion, a P/E ratio of 8.77 and a beta of 1.45. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.71 and a quick ratio of 1.71. Starwood Property Trust has a fifty-two week low of $19.69 and a fifty-two week high of $26.35. The business has a 50-day moving average price of $23.22 and a two-hundred day moving average price of $23.03.
Get Starwood Property Trust alerts:Starwood Property Trust Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, September 29th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.38%. Starwood Property Trust's payout ratio is currently 78.69%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on STWD shares. Bank of America restated a "buy" rating and set a $26.00 target price on shares of Starwood Property Trust in a report on Tuesday, September 6th. JMP Securities lowered 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 report on Tuesday, August 9th. Finally, Credit Suisse Group lowered their target price on shares of Starwood Property Trust to $25.50 in a report on Friday, July 22nd.Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Ellevest Inc. raised its holdings 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 valued at $26,000 after acquiring an additional 990 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in Starwood Property Trust in the second quarter valued at $28,000. Valley National Advisers Inc. acquired a new stake in Starwood Property Trust in the first quarter valued at $34,000. Sugarloaf Wealth Management LLC acquired a new stake in Starwood Property Trust in the second quarter valued at $31,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in Starwood Property Trust during the first quarter valued at $48,000. 45.02% of the stock is owned by institutional investors and hedge funds.
Starwood Property Trust Company 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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