Envestnet Asset Management Inc. Acquires 73,584 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Envestnet Asset Management Inc. raised its stake in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 19.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 450,208 shares of the real estate investment trust's stock after buying an additional 73,584 shares during the quarter. Envestnet Asset Management Inc. owned 0.13% of Starwood Property Trust worth $8,531,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of STWD. World Investment Advisors bought a new position in Starwood Property Trust in the 4th quarter worth approximately $211,000. Cynosure Group LLC acquired a new position in Starwood Property Trust in the fourth quarter valued at about $343,000. Boston Family Office LLC boosted its position in Starwood Property Trust by 9.1% during the fourth quarter. Boston Family Office LLC now owns 60,904 shares of the real estate investment trust's stock worth $1,154,000 after purchasing an additional 5,100 shares during the period. Prevail Innovative Wealth Advisors LLC increased its holdings in shares of Starwood Property Trust by 24.7% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 244,381 shares of the real estate investment trust's stock valued at $4,631,000 after purchasing an additional 48,355 shares during the last quarter. Finally, Palogic Value Management L.P. raised its position in shares of Starwood Property Trust by 20.2% in the fourth quarter. Palogic Value Management L.P. now owns 42,637 shares of the real estate investment trust's stock valued at $808,000 after purchasing an additional 7,165 shares during the period. 49.82% of the stock is owned by institutional investors and hedge funds.

Starwood Property Trust Trading Up 0.3 %

Shares of STWD traded up $0.07 during trading hours on Thursday, reaching $18.93. 302,113 shares of the company traded hands, compared to its average volume of 2,452,249. The company's fifty day moving average price is $19.41 and its two-hundred day moving average price is $19.54. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 16.17 and a beta of 1.34. 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 12 month low of $16.59 and a 12 month high of $21.17.

Starwood Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.48 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.15%. Starwood Property Trust's payout ratio is currently 174.55%.

Analyst Ratings Changes

Several research firms recently issued reports on STWD. JPMorgan Chase & Co. reduced their price target on Starwood Property Trust from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. UBS Group decreased their target price on shares of Starwood Property Trust from $19.50 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods reduced their price objective on Starwood Property Trust from $22.00 to $21.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $21.86.

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.