Frank Rimerman Advisors LLC Sells 909 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Frank Rimerman Advisors LLC lessened its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,645 shares of the real estate investment trust’s stock after selling 909 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Starwood Property Trust were worth $1,225,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in STWD. Albion Financial Group UT acquired a new stake in Starwood Property Trust during the 4th quarter worth $28,000. Brooklyn Investment Group grew its stake in shares of Starwood Property Trust by 86.1% during the fourth quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 730 shares during the period. UMB Bank n.a. grew its stake in shares of Starwood Property Trust by 69.7% during the fourth quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 717 shares during the period. Smartleaf Asset Management LLC increased its holdings in Starwood Property Trust by 83.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,881 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 854 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in Starwood Property Trust in the third quarter valued at about $55,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on STWD. Keefe, Bruyette & Woods lowered their price target on Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lowered their target price on shares of Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $22.21.

Starwood Property Trust Stock Performance

Shares of STWD stock opened at $19.92 on Friday. The company has a market capitalization of $6.72 billion, a P/E ratio of 17.02 and a beta of 1.68. Starwood Property Trust, Inc. has a 52 week low of $18.12 and a 52 week high of $21.17. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. The company’s 50 day moving average price is $19.56 and its two-hundred day moving average price is $19.81.

Starwood Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.48 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.92 annualized dividend and a yield of 9.64%. Starwood Property Trust’s dividend payout ratio is currently 174.55%.

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.