Morey & Quinn Wealth Partners LLC Purchases Shares of 22,568 Starwood Property Trust, Inc. (NYSE:STWD)

Morey & Quinn Wealth Partners LLC acquired 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 filing with the Securities and Exchange Commission. The institutional investor acquired 22,568 shares of the real estate investment trust's stock, valued at approximately $428,000.

Several other large investors have also modified their holdings of STWD. Albion Financial Group UT purchased a new position in shares of Starwood Property Trust in the fourth quarter worth approximately $28,000. Brooklyn Investment Group grew its position in Starwood Property Trust by 86.1% during the 4th 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. raised its stake in Starwood Property Trust by 69.7% during the 4th quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 717 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Starwood Property Trust by 83.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,881 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 854 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of Starwood Property Trust in the third quarter worth $55,000. 49.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on STWD shares. Keefe, Bruyette & Woods reduced their price objective on Starwood Property Trust from $22.50 to $22.00 and set an "outperform" rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. reduced 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 report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $22.21.

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Starwood Property Trust Stock Performance

Shares of STWD stock traded down $0.19 during trading hours on Friday, reaching $19.83. 3,139,836 shares of the company's stock were exchanged, compared to its average volume of 2,293,408. Starwood Property Trust, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $21.17. The business has a fifty day moving average price of $19.78 and a 200-day moving average price of $19.80. The stock has a market capitalization of $6.70 billion, a P/E ratio of 16.94 and a beta of 1.68. 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 Announces Dividend

The business 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.92 annualized dividend and a dividend yield of 9.68%. Starwood Property Trust's payout ratio 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.