Corrado Advisors LLC Sells 19,112 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Corrado Advisors LLC decreased its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 13.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 124,155 shares of the real estate investment trust’s stock after selling 19,112 shares during the period. Starwood Property Trust accounts for about 2.1% of Corrado Advisors LLC’s holdings, making the stock its 9th largest position. Corrado Advisors LLC’s holdings in Starwood Property Trust were worth $2,610,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Teachers Retirement System of The State of Kentucky boosted its stake in Starwood Property Trust by 97.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 104,320 shares of the real estate investment trust’s stock valued at $2,018,000 after purchasing an additional 51,504 shares during the period. International Assets Investment Management LLC boosted its stake in Starwood Property Trust by 2,347.1% during the 4th quarter. International Assets Investment Management LLC now owns 270,406 shares of the real estate investment trust’s stock valued at $5,684,000 after purchasing an additional 259,356 shares during the period. Adage Capital Partners GP L.L.C. bought a new stake in Starwood Property Trust during the 3rd quarter valued at approximately $6,772,000. Campbell & CO Investment Adviser LLC bought a new stake in Starwood Property Trust during the 3rd quarter valued at approximately $506,000. Finally, Northern Trust Corp boosted its stake in Starwood Property Trust by 26.7% during the 3rd quarter. Northern Trust Corp now owns 3,121,335 shares of the real estate investment trust’s stock valued at $60,398,000 after purchasing an additional 657,180 shares during the period. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Price Performance

STWD stock traded up $0.22 during midday trading on Tuesday, reaching $19.72. 1,657,117 shares of the company’s stock traded hands, compared to its average volume of 2,137,525. The company has a 50-day simple moving average of $19.88 and a two-hundred day simple moving average of $19.95. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 18.43 and a beta of 1.65. Starwood Property Trust, Inc. has a 1-year low of $16.06 and a 1-year high of $22.29. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.95.

Starwood Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.92 annualized dividend and a dividend yield of 9.74%. Starwood Property Trust’s dividend payout ratio (DPR) is currently 179.44%.

Analyst Upgrades and Downgrades

STWD has been the subject of a number of research reports. Keefe, Bruyette & Woods reduced their price objective on Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a research report on Wednesday, April 10th. Wells Fargo & Company raised their price objective on Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. reduced their price objective on Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, April 10th. BTIG Research reduced their price objective on Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Finally, Bank of America reiterated a “neutral” rating and issued a $21.50 price objective (down previously from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.71.

Insider Activity

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

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.