Starwood Property Trust, Inc. (NYSE:STWD – Get Rating) saw some unusual options trading on Monday. Stock investors bought 51,552 put options on the company. This represents an increase of 961% compared to the typical volume of 4,857 put options.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. Ellevest Inc. increased its position in Starwood Property Trust by 1,076.1% during the first quarter. Ellevest Inc. now owns 1,082 shares of the real estate investment trust's stock worth $26,000 after buying an additional 990 shares during the last quarter. CoreCap Advisors LLC bought a new stake in Starwood Property Trust in the 2nd quarter valued at $28,000. Sugarloaf Wealth Management LLC acquired a new stake in Starwood Property Trust in the 2nd quarter worth about $31,000. Valley National Advisers Inc. acquired a new position in shares of Starwood Property Trust during the 1st quarter worth approximately $34,000. Finally, GPS Wealth Strategies Group LLC raised its position in shares of Starwood Property Trust by 100.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 2,000 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 1,000 shares in the last quarter. 45.02% of the stock is owned by institutional investors and hedge funds.
Get Starwood Property Trust alerts:Starwood Property Trust Price Performance
Starwood Property Trust stock opened at $20.29 on Tuesday. Starwood Property Trust has a 1 year low of $19.69 and a 1 year high of $26.35. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 2.84. The firm has a market capitalization of $6.27 billion, a P/E ratio of 8.32 and a beta of 1.45. The business has a 50-day moving average of $23.19 and a 200-day moving average of $23.01.
Starwood Property Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.46%. The ex-dividend date is Thursday, September 29th. Starwood Property Trust's payout ratio is currently 78.69%.Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on STWD shares. Bank of America reaffirmed a "buy" rating and issued a $26.00 price objective on shares of Starwood Property Trust in a report on Tuesday, September 6th. Credit Suisse Group reduced their price target on shares of Starwood Property Trust to $25.50 in a research report on Friday, July 22nd. Finally, JMP Securities lowered their price target on 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.
About Starwood Property Trust
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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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