Starwood Property Trust, Inc. (NYSE:STWD) President Jeffrey F. Dimodica Sells 100,000 Shares

Starwood Property Trust, Inc. (NYSE:STWD) President Jeffrey F. Dimodica sold 100,000 shares of Starwood Property Trust stock in a transaction dated Thursday, March 28th. The stock was 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 owns 1,226,673 shares in the company, valued at $24,876,928.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Starwood Property Trust Price Performance

STWD remained flat at $20.33 during trading on Friday. 2,091,669 shares of the company’s stock were exchanged, compared to its average volume of 2,223,980. Starwood Property Trust, Inc. has a twelve month low of $16.06 and a twelve month high of $22.29. The stock has a market capitalization of $6.38 billion, a PE ratio of 18.99 and a beta of 1.65. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.95. The company has a 50 day simple moving average of $20.11 and a 200-day simple moving average of $19.99.

Starwood Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a $0.48 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.44%. Starwood Property Trust’s dividend payout ratio (DPR) is currently 179.44%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC purchased a new position in shares of Starwood Property Trust during the fourth quarter worth approximately $26,000. ICA Group Wealth Management LLC purchased a new position in Starwood Property Trust in the 4th quarter worth $28,000. Salem Investment Counselors Inc. lifted its stake in Starwood Property Trust by 50.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,500 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 500 shares during the last quarter. Cape Investment Advisory Inc. purchased a new stake in Starwood Property Trust during the fourth quarter valued at about $32,000. Finally, Core Wealth Advisors Inc. bought a new position in shares of Starwood Property Trust during the fourth quarter valued at about $32,000. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on STWD shares. UBS Group assumed coverage on shares of Starwood Property Trust in a research note on Wednesday, December 6th. They issued a “neutral” rating and a $21.00 price objective on the stock. Bank of America restated a “neutral” rating and issued a $21.50 price target (down from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. JPMorgan Chase & Co. boosted their price objective on shares of Starwood Property Trust from $20.50 to $21.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Finally, Wells Fargo & Company lifted their target price on Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.50.

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.