Spire Wealth Management Grows Position in Starwood Property Trust, Inc. (NYSE:STWD)

Spire Wealth Management grew its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 63.0% in the second quarter, HoldingsChannel.com reports. The firm owned 3,000 shares of the real estate investment trust’s stock after buying an additional 1,160 shares during the quarter. Spire Wealth Management’s holdings in Starwood Property Trust were worth $58,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in STWD. Salem Investment Counselors Inc. boosted its stake in shares of Starwood Property Trust by 50.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 500 shares during the period. Fifth Third Bancorp boosted its stake in shares of Starwood Property Trust by 66.4% during the second quarter. Fifth Third Bancorp now owns 1,569 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 626 shares during the period. Quarry LP boosted its stake in shares of Starwood Property Trust by 111.8% during the first quarter. Quarry LP now owns 2,224 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 1,174 shares during the period. HBC Financial Services PLLC purchased a new stake in shares of Starwood Property Trust during the second quarter valued at approximately $42,000. Finally, Northwest Capital Management Inc purchased a new stake in Starwood Property Trust in the second quarter worth $66,000. Hedge funds and other institutional investors own 49.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on STWD. JPMorgan Chase & Co. raised their price target on Starwood Property Trust from $18.50 to $21.50 in a research note on Monday, July 24th. TheStreet lowered Starwood Property Trust from a “c” rating to a “d+” rating in a research note on Wednesday, November 8th. Keefe, Bruyette & Woods lowered Starwood Property Trust from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $21.00 to $20.00 in a research note on Monday, October 9th. Finally, StockNews.com assumed coverage on Starwood Property Trust in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Starwood Property Trust has a consensus rating of “Hold” and a consensus target price of $21.63.

Insider Activity

In related news, President Jeffrey F. Dimodica sold 20,111 shares of Starwood Property Trust stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $20.48, for a total value of $411,873.28. Following the completion of the sale, the president now directly owns 1,035,984 shares in the company, valued at approximately $21,216,952.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.40% of the company’s stock.

Starwood Property Trust Price Performance

STWD opened at $19.78 on Tuesday. Starwood Property Trust, Inc. has a 12-month low of $16.06 and a 12-month high of $21.73. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.92. The stock has a fifty day simple moving average of $19.18 and a two-hundred day simple moving average of $19.25. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 15.33 and a beta of 1.64.

Starwood Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.92 annualized dividend and a dividend yield of 9.71%. Starwood Property Trust’s payout ratio is presently 148.84%.

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 four segments: 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.