Aristeia Capital L.L.C. Buys Shares of 22,994 Starwood Property Trust, Inc. (NYSE:STWD)

Aristeia Capital L.L.C. purchased 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 Securities & Exchange Commission. The institutional investor purchased 22,994 shares of the real estate investment trust’s stock, valued at approximately $436,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Starwood Property Trust during the 4th quarter worth approximately $63,044,000. Raymond James Financial Inc. acquired a new stake in shares of Starwood Property Trust in the fourth quarter valued at $48,841,000. Leeward Investments LLC MA purchased a new position in Starwood Property Trust in the fourth quarter valued at $24,791,000. Northern Trust Corp grew its stake in Starwood Property Trust by 16.2% during the 4th quarter. Northern Trust Corp now owns 5,287,030 shares of the real estate investment trust’s stock worth $100,189,000 after purchasing an additional 736,699 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Starwood Property Trust by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 30,943,260 shares of the real estate investment trust’s stock worth $586,375,000 after purchasing an additional 377,939 shares during the period. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Trading Up 0.8 %

Shares of Starwood Property Trust stock opened at $19.28 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61. The company has a fifty day simple moving average of $19.30 and a 200-day simple moving average of $19.51. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 16.48 and a beta of 1.34. Starwood Property Trust, Inc. has a 12-month low of $16.59 and a 12-month high of $21.17.

Starwood Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.96%. The ex-dividend date was Monday, March 31st. Starwood Property Trust’s payout ratio is 174.55%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on STWD. UBS Group lowered their price objective on Starwood Property Trust from $19.50 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. lowered their price target on shares of Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Monday, April 7th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Starwood Property Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.86.

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.