Starwood Property Trust, Inc. (NYSE:STWD) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in Starwood Property Trust, Inc. (NYSE:STWD) by 19.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Starwood Property Trust by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 30,943,260 shares of the real estate investment trust’s stock worth $586,375,000 after purchasing an additional 377,939 shares during the period. Norges Bank acquired a new position in shares of Starwood Property Trust in the fourth quarter valued at approximately $63,044,000. Bank of New York Mellon Corp increased its stake in Starwood Property Trust by 0.4% during the 4th quarter. Bank of New York Mellon Corp now owns 2,669,827 shares of the real estate investment trust’s stock worth $50,593,000 after buying an additional 10,979 shares during the period. Raymond James Financial Inc. acquired a new stake in Starwood Property Trust during the 4th quarter worth approximately $48,841,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Starwood Property Trust by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,153,097 shares of the real estate investment trust’s stock valued at $40,801,000 after buying an additional 43,109 shares during the period. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. UBS Group reduced their price objective on Starwood Property Trust from $19.50 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday. Keefe, Bruyette & Woods decreased their price objective on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Wednesday. Two research 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $21.86.

Starwood Property Trust Trading Up 1.8 %

Shares of Starwood Property Trust stock opened at $18.56 on Friday. The company has a fifty day simple moving average of $19.47 and a 200-day simple moving average of $19.57. Starwood Property Trust, Inc. has a 12-month low of $16.59 and a 12-month high of $21.17. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 15.87 and a beta of 1.34.

Starwood Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 10.34%. The ex-dividend date of this dividend was Monday, March 31st. Starwood Property Trust’s payout ratio is currently 174.55%.

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.