Illinois Municipal Retirement Fund Trims Stake in Starwood Property Trust, Inc. $STWD

Illinois Municipal Retirement Fund cut its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 69.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,844 shares of the real estate investment trust’s stock after selling 38,446 shares during the period. Illinois Municipal Retirement Fund’s holdings in Starwood Property Trust were worth $326,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of STWD. AQR Capital Management LLC raised its holdings in Starwood Property Trust by 70.1% in the 1st quarter. AQR Capital Management LLC now owns 36,396 shares of the real estate investment trust’s stock worth $720,000 after purchasing an additional 15,001 shares during the period. NewEdge Advisors LLC lifted its position in shares of Starwood Property Trust by 23.9% during the 1st quarter. NewEdge Advisors LLC now owns 19,606 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 3,784 shares in the last quarter. CWM LLC grew its stake in shares of Starwood Property Trust by 96.2% during the 2nd quarter. CWM LLC now owns 34,840 shares of the real estate investment trust’s stock valued at $699,000 after acquiring an additional 17,079 shares during the period. Stratos Wealth Partners LTD. increased its holdings in Starwood Property Trust by 18.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 12,418 shares of the real estate investment trust’s stock worth $249,000 after acquiring an additional 1,955 shares in the last quarter. Finally, D.A. Davidson & CO. increased its holdings in Starwood Property Trust by 3.6% in the 2nd quarter. D.A. Davidson & CO. now owns 67,463 shares of the real estate investment trust’s stock worth $1,354,000 after acquiring an additional 2,351 shares in the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. Weiss Ratings restated a “hold (c)” rating on shares of Starwood Property Trust in a research note on Wednesday, January 21st. Zacks Research raised shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Keefe, Bruyette & Woods decreased their price target on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, November 12th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.63.

Starwood Property Trust Price Performance

STWD stock opened at $18.07 on Friday. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.33 and a current ratio of 1.33. The company’s fifty day moving average price is $18.25 and its 200-day moving average price is $18.83. Starwood Property Trust, Inc. has a one year low of $16.59 and a one year high of $21.05. The company has a market capitalization of $6.69 billion, a PE ratio of 17.21 and a beta of 1.13.

Starwood Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 10.6%. The ex-dividend date of this dividend was Wednesday, December 31st. Starwood Property Trust’s dividend payout ratio is 182.86%.

About Starwood Property Trust

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.