World Asset Management Inc Sells 664 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

World Asset Management Inc trimmed its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 6.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,333 shares of the real estate investment trust’s stock after selling 664 shares during the period. World Asset Management Inc’s holdings in Starwood Property Trust were worth $244,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. National Asset Management Inc. raised its stake in shares of Starwood Property Trust by 7.2% during the second quarter. National Asset Management Inc. now owns 46,812 shares of the real estate investment trust’s stock worth $1,225,000 after buying an additional 3,144 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Starwood Property Trust by 19.4% during the second quarter. Principal Financial Group Inc. now owns 22,317 shares of the real estate investment trust’s stock worth $584,000 after buying an additional 3,620 shares during the last quarter. Cibc World Markets Corp bought a new stake in shares of Starwood Property Trust during the second quarter worth approximately $2,895,000. Adell Harriman & Carpenter Inc. raised its stake in shares of Starwood Property Trust by 322.5% during the second quarter. Adell Harriman & Carpenter Inc. now owns 146,170 shares of the real estate investment trust’s stock worth $3,825,000 after buying an additional 111,570 shares during the last quarter. Finally, Citigroup Inc. raised its stake in shares of Starwood Property Trust by 148.0% during the second quarter. Citigroup Inc. now owns 621,777 shares of the real estate investment trust’s stock worth $16,273,000 after buying an additional 371,033 shares during the last quarter. 46.23% of the stock is owned by institutional investors and hedge funds.

Starwood Property Trust stock opened at $25.42 on Friday. The stock has a market capitalization of $7.33 billion, a PE ratio of 15.22 and a beta of 1.65. Starwood Property Trust, Inc. has a twelve month low of $13.76 and a twelve month high of $27.00. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 2.90. The company has a 50 day moving average of $25.54 and a 200-day moving average of $25.41.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Thursday, September 30th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date of this dividend is Wednesday, September 29th. Starwood Property Trust’s dividend payout ratio is presently 102.67%.

A number of equities research analysts recently weighed in on the stock. JMP Securities boosted their price target on shares of Starwood Property Trust from $17.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 4th. BTIG Research boosted their price objective on shares of Starwood Property Trust from $25.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, June 10th. Zacks Investment Research upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 8th. Finally, Raymond James boosted their price objective on shares of Starwood Property Trust from $27.50 to $30.00 and gave the company an “outperform” rating in a report on Friday, August 6th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $28.00.

Starwood Property Trust Company Profile

Starwood Property Trust, Inc engages in originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt and equity investments. It operates through the following segments: Real Estate Commercial and Residential Lending, Real Estate Property, Infrastructure Lending and Real Estate Investing and Servicing.

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Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

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