Mirador Capital Partners LP increased its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 5.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,794 shares of the real estate investment trust’s stock after purchasing an additional 607 shares during the quarter. Mirador Capital Partners LP’s holdings in Starwood Property Trust were worth $291,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its position in Starwood Property Trust by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 2,998,356 shares of the real estate investment trust’s stock valued at $59,281,000 after purchasing an additional 183,447 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in Starwood Property Trust during the 1st quarter valued at approximately $779,000. Ellis Investment Partners LLC acquired a new position in Starwood Property Trust during the 1st quarter valued at approximately $1,145,000. Creative Planning boosted its position in Starwood Property Trust by 24.9% during the 1st quarter. Creative Planning now owns 47,957 shares of the real estate investment trust’s stock valued at $1,072,000 after purchasing an additional 9,564 shares during the period. Finally, Courier Capital LLC acquired a new position in Starwood Property Trust during the 1st quarter valued at approximately $212,000. 62.44% of the stock is currently owned by institutional investors.
STWD stock traded down $0.34 during trading on Friday, reaching $23.49. 1,112,182 shares of the company’s stock were exchanged, compared to its average volume of 1,643,612. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 2.29. Starwood Property Trust, Inc. has a 1-year low of $19.16 and a 1-year high of $23.89. The company’s fifty day moving average price is $23.25 and its 200-day moving average price is $22.73. The firm has a market cap of $6.71 billion, a PE ratio of 11.13 and a beta of 0.58.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.92 dividend on an annualized basis and a yield of 8.17%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 91.00%.
A number of research analysts recently issued reports on STWD shares. Raymond James boosted their price objective on Starwood Property Trust from $24.00 to $27.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. Zacks Investment Research upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Starwood Property Trust has a consensus rating of “Buy” and a consensus price target of $24.75.
Starwood Property Trust Company Profile
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.
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