Envestnet Asset Management Inc. Boosts Position in Starwood Property Trust, Inc. (NYSE:STWD)

Envestnet Asset Management Inc. boosted its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 6.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 316,834 shares of the real estate investment trust’s stock after acquiring an additional 19,031 shares during the period. Envestnet Asset Management Inc.’s holdings in Starwood Property Trust were worth $6,001,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Cibc World Markets Corp acquired a new stake in Starwood Property Trust in the fourth quarter valued at $2,091,000. Aviance Capital Partners LLC purchased a new position in shares of Starwood Property Trust during the 1st quarter worth approximately $1,773,000. Future Financial Wealth Managment LLC acquired a new position in shares of Starwood Property Trust during the 1st quarter worth approximately $44,000. Allspring Global Investments Holdings LLC acquired a new stake in Starwood Property Trust during the 1st quarter valued at $26,000. Finally, Diversify Advisory Services LLC acquired a new position in shares of Starwood Property Trust in the first quarter worth $851,000. 49.82% of the stock is owned by institutional investors and hedge funds.

Starwood Property Trust Trading Up 0.5 %

NYSE STWD opened at $20.81 on Monday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.80. Starwood Property Trust, Inc. has a 1-year low of $17.07 and a 1-year high of $22.29. The firm’s fifty day simple moving average is $20.09 and its 200-day simple moving average is $19.76. The company has a market capitalization of $6.59 billion, a PE ratio of 14.97 and a beta of 1.70.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. Starwood Property Trust had a return on equity of 10.03% and a net margin of 17.05%. The company had revenue of $489.80 million during the quarter, compared to analysts’ expectations of $505.23 million. During the same quarter in the previous year, the firm earned $0.47 earnings per share. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current fiscal year.

Starwood Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.23%. The ex-dividend date of this dividend is Monday, September 30th. Starwood Property Trust’s dividend payout ratio (DPR) is currently 138.13%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Wolfe Research started coverage on shares of Starwood Property Trust in a research report on Tuesday, June 25th. They issued a “peer perform” rating for the company. Wells Fargo & Company increased their target price on Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Keefe, Bruyette & Woods raised shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $20.50 to $22.50 in a research report on Thursday, September 5th. BTIG Research reaffirmed a “buy” rating and set a $24.00 price target on shares of Starwood Property Trust in a research note on Friday, July 19th. Finally, JPMorgan Chase & Co. upped their price objective on Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.36.

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.