Envestnet Portfolio Solutions Inc. Takes $247,000 Position in Starwood Property Trust, Inc. (NYSE:STWD)

Envestnet Portfolio Solutions Inc. bought a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,020 shares of the real estate investment trust's stock, valued at approximately $247,000.

Several other hedge funds have also recently added to or reduced their stakes in STWD. Albion Financial Group UT acquired a new position in shares of Starwood Property Trust in the 4th quarter valued at about $28,000. Brooklyn Investment Group increased its holdings in Starwood Property Trust by 86.1% in the fourth quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 730 shares in the last quarter. UMB Bank n.a. lifted its stake in Starwood Property Trust by 69.7% in the fourth quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 717 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Starwood Property Trust by 83.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,881 shares of the real estate investment trust's stock worth $36,000 after buying an additional 854 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of Starwood Property Trust during the 3rd quarter worth approximately $55,000. Institutional investors own 49.82% of the company's stock.

Starwood Property Trust Stock Down 0.1 %

NYSE STWD traded down $0.01 during mid-day trading on Wednesday, hitting $19.84. The company's stock had a trading volume of 2,097,533 shares, compared to its average volume of 2,304,681. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 16.96 and a beta of 1.68. The company's 50 day simple moving average is $19.82 and its 200 day simple moving average is $19.80. The company has a current ratio of 1.79, a quick 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.

Remove Ads

Starwood Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.68%. The ex-dividend date of this dividend is Monday, March 31st. Starwood Property Trust's dividend payout ratio is currently 174.55%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on STWD. Keefe, Bruyette & Woods dropped their target price on shares of Starwood Property Trust from $22.50 to $22.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price target 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. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Starwood Property Trust currently has an average rating of "Moderate Buy" and an average target price of $22.21.

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.