Chesapeake Capital Corp IL Takes Position in Starwood Property Trust, Inc. (NYSE:STWD)

Chesapeake Capital Corp IL acquired a new stake in Starwood Property Trust, Inc. (NYSE:STWD) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 41,324 shares of the real estate investment trust’s stock, valued at approximately $869,000.

A number of other hedge funds have also recently added to or reduced their stakes in STWD. Norges Bank acquired a new stake in shares of Starwood Property Trust during the fourth quarter valued at about $62,447,000. J.P. Morgan Private Wealth Advisors LLC increased its holdings in Starwood Property Trust by 84.8% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 2,941,284 shares of the real estate investment trust’s stock valued at $56,914,000 after purchasing an additional 1,349,284 shares during the period. Northern Trust Corp grew its position in shares of Starwood Property Trust by 26.7% in the 3rd quarter. Northern Trust Corp now owns 3,121,335 shares of the real estate investment trust’s stock valued at $60,398,000 after buying an additional 657,180 shares during the last quarter. NFC Investments LLC acquired a new position in shares of Starwood Property Trust in the fourth quarter worth approximately $13,237,000. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in Starwood Property Trust during the 3rd quarter valued at approximately $6,772,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Analyst Ratings Changes

STWD has been the subject of several recent analyst reports. Bank of America reiterated a “neutral” rating and set a $21.50 price objective (down from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. JPMorgan Chase & Co. decreased their target price on Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, April 10th. Raymond James dropped their price target on Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a research note on Thursday, May 16th. Wells Fargo & Company lifted their price objective on shares of Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Finally, BTIG Research cut their price target on Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.88.

Insider Transactions at Starwood Property Trust

In related news, President Jeffrey F. Dimodica sold 100,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $20.28, for a total transaction of $2,028,000.00. Following the sale, the president now directly owns 1,226,673 shares of the company’s stock, valued at $24,876,928.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.40% of the company’s stock.

Starwood Property Trust Stock Down 1.5 %

Shares of NYSE:STWD traded down $0.28 during midday trading on Friday, reaching $18.94. The company’s stock had a trading volume of 5,464,222 shares, compared to its average volume of 2,333,228. Starwood Property Trust, Inc. has a 12-month low of $16.76 and a 12-month high of $22.29. The firm has a market capitalization of $5.98 billion, a P/E ratio of 13.63 and a beta of 1.65. The firm has a 50 day moving average of $19.80 and a 200-day moving average of $20.17. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.80.

Starwood Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.92 dividend on an annualized basis and a yield of 10.14%. Starwood Property Trust’s dividend payout ratio is currently 138.13%.

Starwood Property Trust 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.