Wealth Enhancement Advisory Services LLC Sells 10,648 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Wealth Enhancement Advisory Services LLC lessened its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 284,087 shares of the real estate investment trust’s stock after selling 10,648 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.09% of Starwood Property Trust worth $5,775,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in STWD. Norges Bank bought a new position in shares of Starwood Property Trust in the fourth quarter valued at approximately $62,447,000. Waterfront Capital Partners LLC bought a new position in shares of Starwood Property Trust in the fourth quarter valued at approximately $15,997,000. NFC Investments LLC bought a new position in shares of Starwood Property Trust in the fourth quarter valued at approximately $13,237,000. Premier Fund Managers Ltd bought a new position in shares of Starwood Property Trust in the fourth quarter valued at approximately $9,276,000. Finally, MGO One Seven LLC raised its position in shares of Starwood Property Trust by 836.9% in the fourth quarter. MGO One Seven LLC now owns 437,819 shares of the real estate investment trust’s stock valued at $9,203,000 after purchasing an additional 391,087 shares during the period. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Down 1.0 %

Shares of NYSE:STWD opened at $18.75 on Tuesday. Starwood Property Trust, Inc. has a 52 week low of $17.07 and a 52 week high of $22.29. The company has a debt-to-equity ratio of 2.80, a quick ratio of 2.49 and a current ratio of 2.49. The company’s fifty day moving average is $19.47 and its 200-day moving average is $20.00. The company has a market capitalization of $5.92 billion, a PE ratio of 13.49 and a beta of 1.69.

Starwood Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.92 annualized dividend and a dividend yield of 10.24%. Starwood Property Trust’s dividend payout ratio is presently 138.13%.

Wall Street Analyst Weigh In

STWD has been the topic of a number of research reports. BTIG Research dropped their target price on shares of Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Bank of America reaffirmed a “neutral” rating and set a $21.50 target price (down previously from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. Raymond James dropped their target price on shares of Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a research report on Thursday, May 16th. JPMorgan Chase & Co. dropped their target price on shares of Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 10th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a research report on Wednesday, April 10th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.88.

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.