Envestnet Asset Management Inc. Boosts Stake in Starwood Property Trust, Inc. $STWD

Envestnet Asset Management Inc. grew its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 19.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 589,169 shares of the real estate investment trust’s stock after buying an additional 96,484 shares during the period. Envestnet Asset Management Inc.’s holdings in Starwood Property Trust were worth $11,412,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Evolution Wealth Management Inc. purchased a new position in Starwood Property Trust during the 2nd quarter valued at $25,000. Cloud Capital Management LLC purchased a new stake in shares of Starwood Property Trust during the third quarter valued at $29,000. Orion Capital Management LLC bought a new position in shares of Starwood Property Trust in the third quarter worth about $39,000. Financial Gravity Companies Inc. bought a new position in shares of Starwood Property Trust in the second quarter worth about $44,000. Finally, Cullen Frost Bankers Inc. increased its stake in Starwood Property Trust by 603.2% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 3,305 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 2,835 shares during the period. 49.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on STWD shares. Zacks Research raised shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Keefe, Bruyette & Woods lowered their price target on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Wednesday, November 12th. Wells Fargo & Company reduced their price objective on Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Starwood Property Trust in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $20.63.

Starwood Property Trust Price Performance

NYSE STWD opened at $18.09 on Wednesday. The firm’s fifty day simple moving average is $18.28 and its two-hundred day simple moving average is $18.85. The firm has a market capitalization of $6.70 billion, a P/E ratio of 17.23 and a beta of 1.13. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 2.98. Starwood Property Trust, Inc. has a 12-month low of $16.59 and a 12-month high of $21.05.

Starwood Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.48 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.92 dividend on an annualized basis and a yield of 10.6%. Starwood Property Trust’s dividend payout ratio (DPR) is 182.86%.

Starwood Property Trust Profile

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.