TCG Advisory Services LLC Invests $5.32 Million in Starwood Property Trust, Inc. (NYSE:STWD)

TCG Advisory Services LLC bought a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 253,110 shares of the real estate investment trust’s stock, valued at approximately $5,320,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in shares of Starwood Property Trust in the fourth quarter worth $26,000. Allworth Financial LP raised its stake in shares of Starwood Property Trust by 52.7% in the fourth quarter. Allworth Financial LP now owns 2,734 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 943 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in Starwood Property Trust in the fourth quarter valued at $95,000. Parkside Financial Bank & Trust grew its stake in Starwood Property Trust by 9.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 6,436 shares of the real estate investment trust’s stock worth $135,000 after purchasing an additional 547 shares in the last quarter. Finally, Private Trust Co. NA increased its holdings in Starwood Property Trust by 17.8% during the 4th quarter. Private Trust Co. NA now owns 6,717 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 1,017 shares during the period. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Starwood Property Trust Stock Up 0.6 %

NYSE:STWD traded up $0.12 during midday trading on Friday, hitting $19.49. 1,179,888 shares of the company were exchanged, compared to its average volume of 2,027,271. Starwood Property Trust, Inc. has a fifty-two week low of $16.06 and a fifty-two week high of $22.29. The company has a market capitalization of $6.12 billion, a PE ratio of 18.21 and a beta of 1.65. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.95. The company has a fifty day simple moving average of $19.83 and a 200 day simple moving average of $19.96.

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 issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 9.85%. The ex-dividend date was Wednesday, March 27th. Starwood Property Trust’s payout ratio is currently 179.44%.

Analysts Set New Price Targets

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

Insider Activity at Starwood Property Trust

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 sale, the president now owns 1,226,673 shares in the company, valued at approximately $24,876,928.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 5.40% of the company’s stock.

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.