HHM Wealth Advisors LLC Sells 620 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

HHM Wealth Advisors LLC cut its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 8.8% during the fourth quarter, HoldingsChannel reports. The firm owned 6,407 shares of the real estate investment trust’s stock after selling 620 shares during the period. HHM Wealth Advisors LLC’s holdings in Starwood Property Trust were worth $135,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Sargent Investment Group LLC increased its stake in shares of Starwood Property Trust by 1.6% in the fourth quarter. Sargent Investment Group LLC now owns 194,868 shares of the real estate investment trust’s stock worth $4,096,000 after purchasing an additional 2,980 shares during the period. AM Investment Strategies LLC bought a new position in shares of Starwood Property Trust in the fourth quarter worth about $653,000. State of New Jersey Common Pension Fund D increased its stake in shares of Starwood Property Trust by 1.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 671,861 shares of the real estate investment trust’s stock worth $14,123,000 after purchasing an additional 10,000 shares during the period. Bailard Inc. bought a new position in shares of Starwood Property Trust in the fourth quarter worth about $635,000. Finally, GAMMA Investing LLC bought a new position in shares of Starwood Property Trust in the fourth quarter worth about $26,000. 49.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, President Jeffrey F. Dimodica sold 100,000 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $20.28, for a total value of $2,028,000.00. Following the completion of the transaction, the president now directly owns 1,226,673 shares of the company’s stock, valued at approximately $24,876,928.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, President Jeffrey F. Dimodica sold 100,000 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $20.28, for a total value of $2,028,000.00. Following the completion of the transaction, the president now directly owns 1,226,673 shares of the company’s stock, valued at approximately $24,876,928.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Jeffrey F. Dimodica sold 25,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $20.33, for a total transaction of $508,250.00. Following the transaction, the president now owns 925,984 shares of the company’s stock, valued at $18,825,254.72. The disclosure for this sale can be found here. Company insiders own 5.40% of the company’s stock.

Starwood Property Trust Trading Up 2.0 %

Shares of Starwood Property Trust stock traded up $0.39 on Friday, hitting $19.50. 2,296,589 shares of the company’s stock traded hands, compared to its average volume of 1,875,683. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.75 and a quick ratio of 1.75. Starwood Property Trust, Inc. has a one year low of $16.06 and a one year high of $22.29. The firm’s 50-day moving average price is $19.87 and its two-hundred day moving average price is $19.95. The stock has a market capitalization of $6.12 billion, a PE ratio of 18.22 and a beta of 1.65.

Starwood Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.85%. The ex-dividend date was Wednesday, March 27th. Starwood Property Trust’s dividend payout ratio is currently 179.44%.

Analyst Ratings Changes

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

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.