Brown Brothers Harriman & Co. Has $2.15 Million Stake in Starwood Property Trust, Inc. (NYSE:STWD)

Brown Brothers Harriman & Co. grew its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 113,622 shares of the real estate investment trust’s stock after purchasing an additional 2,622 shares during the period. Brown Brothers Harriman & Co.’s holdings in Starwood Property Trust were worth $2,153,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in Starwood Property Trust by 5.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,109,988 shares of the real estate investment trust’s stock valued at $43,002,000 after buying an additional 116,182 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Starwood Property Trust by 82.6% in the 3rd quarter. Cerity Partners LLC now owns 59,969 shares of the real estate investment trust’s stock worth $1,222,000 after acquiring an additional 27,121 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of Starwood Property Trust by 6.0% in the third quarter. Kingsview Wealth Management LLC now owns 14,474 shares of the real estate investment trust’s stock valued at $295,000 after purchasing an additional 821 shares during the last quarter. Fisher Asset Management LLC bought a new position in shares of Starwood Property Trust during the third quarter valued at about $711,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Starwood Property Trust by 0.7% during the third quarter. The Manufacturers Life Insurance Company now owns 281,290 shares of the real estate investment trust’s stock worth $5,733,000 after purchasing an additional 1,898 shares during the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on STWD shares. JPMorgan Chase & Co. decreased their price objective 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. Keefe, Bruyette & Woods decreased their price target on Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.21.

Starwood Property Trust Stock Down 0.9 %

Starwood Property Trust stock opened at $19.83 on Friday. The firm has a 50 day moving average price of $19.78 and a 200-day moving average price of $19.80. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. Starwood Property Trust, Inc. has a twelve month low of $18.12 and a twelve month high of $21.17. The company has a market capitalization of $6.70 billion, a P/E ratio of 16.94 and a beta of 1.68.

Starwood Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.68%. The ex-dividend date is Monday, March 31st. Starwood Property Trust’s dividend payout ratio (DPR) is 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.