Amalgamated Bank decreased its position in Starwood Property Trust, Inc. (NYSE:STWD – Get Rating) by 2.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,071 shares of the real estate investment trust's stock after selling 1,161 shares during the quarter. Amalgamated Bank's holdings in Starwood Property Trust were worth $1,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also added to or reduced their stakes in the company. Ellevest Inc. increased its stake in Starwood Property Trust by 1,076.1% in the 1st quarter. Ellevest Inc. now owns 1,082 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 990 shares during the last quarter. Valley National Advisers Inc. bought a new stake in Starwood Property Trust in the 1st quarter worth approximately $34,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Starwood Property Trust in the 1st quarter worth approximately $48,000. First Personal Financial Services purchased a new position in shares of Starwood Property Trust in the 1st quarter worth approximately $51,000. Finally, MCF Advisors LLC purchased a new position in shares of Starwood Property Trust in the 1st quarter worth approximately $52,000. Institutional investors own 45.02% of the company's stock.
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STWD opened at $20.04 on Wednesday. The business has a fifty day moving average of $23.14 and a 200 day moving average of $22.99. Starwood Property Trust, Inc. has a 52-week low of $19.69 and a 52-week high of $26.35. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 2.84. The stock has a market cap of $6.20 billion, a P/E ratio of 8.21 and a beta of 1.45.
Starwood Property Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.58%. The ex-dividend date is Thursday, September 29th. Starwood Property Trust's payout ratio is currently 78.69%.Wall Street Analyst Weigh In
A number of equities analysts have recently commented on STWD shares. JMP Securities dropped their target price on 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. Credit Suisse Group dropped their target price on Starwood Property Trust to $25.50 in a report on Friday, July 22nd. Finally, Bank of America reiterated a "buy" rating and issued a $26.00 target price on shares of Starwood Property Trust in a report on Tuesday, September 6th.
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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