Orinda Asset Management LLC Increases Position in Starwood Property Trust, Inc. (STWD)
Orinda Asset Management LLC boosted its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 152.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 252,389 shares of the real estate investment trust’s stock after purchasing an additional 152,255 shares during the period. Starwood Property Trust comprises approximately 4.7% of Orinda Asset Management LLC’s holdings, making the stock its 7th largest holding. Orinda Asset Management LLC’s holdings in Starwood Property Trust were worth $5,389,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in STWD. First Manhattan Co. increased its holdings in Starwood Property Trust by 38.3% during the 4th quarter. First Manhattan Co. now owns 8,885 shares of the real estate investment trust’s stock valued at $189,000 after purchasing an additional 2,460 shares during the period. Tortoise Investment Management LLC purchased a new position in Starwood Property Trust during the 3rd quarter valued at about $215,000. CAPROCK Group Inc. bought a new stake in Starwood Property Trust during the 4th quarter valued at approximately $230,000. The Manufacturers Life Insurance Company boosted its position in Starwood Property Trust by 17.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,738 shares of the real estate investment trust’s stock valued at $241,000 after acquiring an additional 1,593 shares in the last quarter. Finally, Intl Fcstone Inc. bought a new stake in Starwood Property Trust during the 2nd quarter valued at approximately $252,000. Institutional investors own 67.60% of the company’s stock.
Starwood Property Trust, Inc. (STWD) traded up $0.09 during trading on Tuesday, reaching $21.02. The company’s stock had a trading volume of 1,451,700 shares, compared to its average volume of 2,307,928. The company has a debt-to-equity ratio of 1.68, a quick ratio of 2.47 and a current ratio of 2.47. The company has a market cap of $5,480.00, a PE ratio of 12.66, a price-to-earnings-growth ratio of 2.03 and a beta of 0.37. Starwood Property Trust, Inc. has a fifty-two week low of $20.78 and a fifty-two week high of $23.01.
The business also recently declared a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were given a $0.48 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.13%. Starwood Property Trust’s dividend payout ratio is currently 115.66%.
Several research firms have weighed in on STWD. Zacks Investment Research cut Starwood Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. ValuEngine raised Starwood Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. B. Riley reaffirmed a “buy” rating and set a $24.00 price objective on shares of Starwood Property Trust in a research report on Monday, November 27th. BidaskClub raised Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Compass Point raised Starwood Property Trust from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Starwood Property Trust currently has a consensus rating of “Buy” and a consensus price target of $24.00.
About Starwood Property Trust
Starwood Property Trust, Inc is a real estate investment trust. The Company operates through three business segments: Real estate lending (the Lending Segment), which engages primarily in originating, acquiring, financing and managing commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, and other real estate and real estate-related debt investments; Real estate investing and servicing (the Investing and Servicing Segment), which includes a servicing business in the United States that manages and works out problem assets; an investment business that selectively acquires and manages unrated, investment grade and non-investment grade rated CMBS, and a mortgage loan business, and Real estate property (the Property Segment), which engages primarily in acquiring and managing equity interests in stabilized commercial real estate properties.
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