Avenir Corp Sells 595 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Avenir Corp reduced its position in Starwood Property Trust, Inc. (NYSE:STWD) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,123 shares of the real estate investment trust’s stock after selling 595 shares during the quarter. Starwood Property Trust accounts for approximately 0.1% of Avenir Corp’s holdings, making the stock its 29th biggest holding. Avenir Corp’s holdings in Starwood Property Trust were worth $1,495,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its stake in Starwood Property Trust by 9.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 6,436 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 547 shares in the last quarter. Highland Capital Management LLC raised its holdings in shares of Starwood Property Trust by 1.4% during the fourth quarter. Highland Capital Management LLC now owns 43,200 shares of the real estate investment trust’s stock worth $908,000 after purchasing an additional 600 shares during the last quarter. Advisory Services Network LLC raised its holdings in shares of Starwood Property Trust by 7.3% during the fourth quarter. Advisory Services Network LLC now owns 9,455 shares of the real estate investment trust’s stock worth $199,000 after purchasing an additional 644 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in Starwood Property Trust by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 129,403 shares of the real estate investment trust’s stock valued at $2,504,000 after buying an additional 650 shares in the last quarter. Finally, Commerce Bank increased its holdings in Starwood Property Trust by 5.3% in the fourth quarter. Commerce Bank now owns 13,178 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 664 shares in the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Starwood Property Trust news, President Jeffrey F. Dimodica sold 100,000 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $20.28, for a total transaction of $2,028,000.00. Following the completion of the transaction, the president now owns 1,226,673 shares in the company, valued at approximately $24,876,928.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on STWD. BTIG Research dropped their target price on shares of Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Wells Fargo & Company boosted their price target on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Raymond James lowered their price target on shares of Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a research report on Thursday, May 16th. Keefe, Bruyette & Woods lowered their price target on shares of Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, April 10th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.88.

Starwood Property Trust Stock Down 1.8 %

NYSE STWD traded down $0.33 on Tuesday, hitting $18.66. 2,716,723 shares of the stock were exchanged, compared to its average volume of 2,217,972. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.80. Starwood Property Trust, Inc. has a fifty-two week low of $17.07 and a fifty-two week high of $22.29. The company has a market cap of $5.89 billion, a PE ratio of 13.49 and a beta of 1.68. The company has a 50-day moving average price of $19.54 and a 200-day moving average price of $20.12.

Starwood Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 10.29%. The ex-dividend date of this dividend was Wednesday, March 27th. Starwood Property Trust’s payout ratio is 138.13%.

About Starwood Property Trust

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through 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, include distressed or non-performing loans.