Hennion & Walsh Asset Management Inc. Grows Position in Starwood Property Trust, Inc. (NYSE:STWD)

Hennion & Walsh Asset Management Inc. raised its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 96.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,255 shares of the real estate investment trust’s stock after acquiring an additional 16,835 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Starwood Property Trust were worth $696,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Future Financial Wealth Managment LLC acquired a new stake in shares of Starwood Property Trust in the 1st quarter worth approximately $44,000. Hoxton Planning & Management LLC acquired a new stake in Starwood Property Trust in the first quarter valued at $219,000. Salem Investment Counselors Inc. increased its position in shares of Starwood Property Trust by 80.0% in the first quarter. Salem Investment Counselors Inc. now owns 1,800 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 800 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Starwood Property Trust by 11.0% during the 1st quarter. International Assets Investment Management LLC now owns 14,275 shares of the real estate investment trust’s stock worth $286,000 after buying an additional 1,411 shares during the last quarter. Finally, RFG Advisory LLC boosted its position in shares of Starwood Property Trust by 2.2% in the 1st quarter. RFG Advisory LLC now owns 121,621 shares of the real estate investment trust’s stock worth $2,473,000 after buying an additional 2,586 shares in the last quarter. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

STWD has been the subject of a number of research reports. Raymond James cut their target price on shares of Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating for the company in a research report on Thursday, May 16th. Wolfe Research began coverage on Starwood Property Trust in a report on Tuesday, June 25th. They set a “peer perform” rating on the stock. Keefe, Bruyette & Woods dropped their price target on Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a research report on Wednesday, April 10th. JPMorgan Chase & Co. reduced their price objective on 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, BTIG Research dropped their price objective on Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $21.88.

Starwood Property Trust Stock Up 1.3 %

STWD opened at $19.00 on Wednesday. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 13.67 and a beta of 1.69. Starwood Property Trust, Inc. has a 12 month low of $17.07 and a 12 month high of $22.29. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.49 and a quick ratio of 2.49. The business has a 50-day moving average of $19.46 and a two-hundred day moving average of $19.98.

Starwood Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 10.11%. The ex-dividend date of this dividend is Thursday, June 27th. Starwood Property Trust’s dividend payout ratio (DPR) is 138.13%.

About Starwood Property Trust

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.