Ellis Investment Partners LLC acquired a new stake in Starwood Property Trust, Inc. (NYSE:STWD) during the first quarter, HoldingsChannel.com reports. The fund acquired 3,315 shares of the real estate investment trust’s stock, valued at approximately $1,145,000.
Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Starwood Property Trust in the fourth quarter valued at approximately $45,527,000. BKS Advisors LLC boosted its holdings in Starwood Property Trust by 7.9% in the fourth quarter. BKS Advisors LLC now owns 129,801 shares of the real estate investment trust’s stock worth $2,558,000 after acquiring an additional 9,514 shares in the last quarter. Orinda Asset Management LLC boosted its holdings in Starwood Property Trust by 22.7% in the fourth quarter. Orinda Asset Management LLC now owns 95,900 shares of the real estate investment trust’s stock worth $1,890,000 after acquiring an additional 17,750 shares in the last quarter. Vanguard Group Inc boosted its holdings in Starwood Property Trust by 3.2% in the third quarter. Vanguard Group Inc now owns 24,057,993 shares of the real estate investment trust’s stock worth $517,728,000 after acquiring an additional 749,886 shares in the last quarter. Finally, Barry Investment Advisors LLC boosted its holdings in Starwood Property Trust by 2.5% in the fourth quarter. Barry Investment Advisors LLC now owns 582,747 shares of the real estate investment trust’s stock worth $11,486,000 after acquiring an additional 14,029 shares in the last quarter. 65.30% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Starwood Property Trust stock traded down $0.03 on Monday, reaching $22.54. 30,850 shares of the stock were exchanged, compared to its average volume of 1,604,482. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 2.20. Starwood Property Trust, Inc. has a twelve month low of $19.16 and a twelve month high of $23.04. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 10.69 and a beta of 0.56.
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.52%. The ex-dividend date was Thursday, March 28th. Starwood Property Trust’s dividend payout ratio (DPR) is 91.00%.
Several equities research analysts have weighed in on the company. Zacks Investment Research raised Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Saturday. BTIG Research assumed coverage on Starwood Property Trust in a report on Tuesday, February 26th. They issued a “buy” rating and a $25.00 price target for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $24.25.
About Starwood Property Trust
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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