HHM Wealth Advisors LLC Reduces Position in Starwood Property Trust, Inc. (NYSE:STWD)

HHM Wealth Advisors LLC lessened its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 8.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,407 shares of the real estate investment trust’s stock after selling 620 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Starwood Property Trust were worth $135,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in shares of Starwood Property Trust in the 4th quarter valued at approximately $26,000. Allworth Financial LP grew its stake in shares of Starwood Property Trust by 52.7% in the 4th quarter. Allworth Financial LP now owns 2,734 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 943 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Starwood Property Trust in the 4th quarter valued at approximately $95,000. Parkside Financial Bank & Trust lifted its holdings in shares of Starwood Property Trust by 9.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 6,436 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 547 shares during the period. Finally, Private Trust Co. NA lifted its holdings in shares of Starwood Property Trust by 17.8% in the 4th quarter. Private Trust Co. NA now owns 6,717 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 1,017 shares during the period. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on STWD shares. Keefe, Bruyette & Woods reduced their price target on Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a report on Wednesday, April 10th. Bank of America reissued a “neutral” rating and issued a $21.50 price target (down from $22.50) on shares of Starwood Property Trust in a report on Monday, March 4th. Wells Fargo & Company raised their price target on Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. JPMorgan Chase & Co. reduced their price target on Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, April 10th. Finally, BTIG Research reduced their price target on Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.71.

Starwood Property Trust Price Performance

STWD stock traded up $0.39 during midday trading on Friday, hitting $19.50. 2,296,589 shares of the stock were exchanged, compared to its average volume of 1,875,683. The stock’s 50-day moving average price is $19.87 and its 200-day moving average price is $19.95. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 18.22 and a beta of 1.65. Starwood Property Trust, Inc. has a fifty-two week low of $16.06 and a fifty-two week high of $22.29. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.75 and a current ratio of 1.75.

Starwood Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.85%. Starwood Property Trust’s dividend payout ratio (DPR) is 179.44%.

Insider Transactions at Starwood Property Trust

In other news, President Jeffrey F. Dimodica sold 100,000 shares of the business’s stock in a transaction on 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 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 SEC, which is accessible through this hyperlink. In other news, President Jeffrey F. Dimodica sold 100,000 shares of the business’s stock in a transaction on 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 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 SEC, which is accessible through this hyperlink. Also, President Jeffrey F. Dimodica sold 25,000 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $20.33, for a total value of $508,250.00. Following the completion of the transaction, the president now directly owns 925,984 shares of the company’s stock, valued at $18,825,254.72. The disclosure for this sale can be found here. Insiders own 5.40% of the company’s stock.

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 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.