PFG Investments LLC Invests $414,000 in Starwood Property Trust, Inc. (NYSE:STWD)

PFG Investments LLC bought a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD) during the 1st quarter, HoldingsChannel reports. The fund bought 20,353 shares of the real estate investment trust’s stock, valued at approximately $414,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Starwood Property Trust by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 28,852,499 shares of the real estate investment trust’s stock valued at $606,480,000 after acquiring an additional 72,461 shares during the last quarter. Northern Trust Corp lifted its holdings in Starwood Property Trust by 26.7% in the third quarter. Northern Trust Corp now owns 3,121,335 shares of the real estate investment trust’s stock valued at $60,398,000 after acquiring an additional 657,180 shares during the last quarter. Norges Bank acquired a new position in Starwood Property Trust in the fourth quarter valued at approximately $62,447,000. J.P. Morgan Private Wealth Advisors LLC lifted its holdings in Starwood Property Trust by 84.8% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 2,941,284 shares of the real estate investment trust’s stock valued at $56,914,000 after acquiring an additional 1,349,284 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Starwood Property Trust by 2.7% in the fourth quarter. Wells Fargo & Company MN now owns 2,246,265 shares of the real estate investment trust’s stock valued at $47,216,000 after acquiring an additional 58,836 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Stock Down 3.1 %

Shares of Starwood Property Trust stock traded down $0.60 during trading hours on Tuesday, reaching $18.97. 2,348,755 shares of the company were exchanged, compared to its average volume of 2,139,424. Starwood Property Trust, Inc. has a 1 year low of $16.06 and a 1 year high of $22.29. The stock’s fifty day moving average is $19.87 and its 200 day moving average is $19.96. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a market cap of $5.95 billion, a PE ratio of 17.73 and a beta of 1.65.

Starwood Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.12%. The ex-dividend date of this dividend was Wednesday, March 27th. Starwood Property Trust’s dividend payout ratio is currently 179.44%.

Insider Transactions at Starwood Property Trust

In related news, President Jeffrey F. Dimodica sold 100,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $20.28, for a total value of $2,028,000.00. Following the transaction, the president now owns 1,226,673 shares of the company’s stock, valued at $24,876,928.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, President Jeffrey F. Dimodica sold 100,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $20.28, for a total value of $2,028,000.00. Following the transaction, the president now owns 1,226,673 shares of the company’s stock, valued at $24,876,928.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Jeffrey F. Dimodica sold 25,000 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $20.33, for a total value of $508,250.00. Following the completion of the transaction, the president now directly owns 925,984 shares in the company, valued at approximately $18,825,254.72. The disclosure for this sale can be found here. Corporate insiders own 5.80% of the company’s stock.

Analysts Set New Price Targets

STWD has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods decreased their price objective on Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a report on Wednesday, April 10th. Wells Fargo & Company boosted their target price on Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. BTIG Research cut their target price on 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. Bank of America reissued a “neutral” rating and issued a $21.50 target price (down previously from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. cut their target price on Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.71.

Starwood Property Trust Company Profile

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.