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

Hennion & Walsh Asset Management Inc. lifted its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,528 shares of the real estate investment trust’s stock after purchasing an additional 571 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Starwood Property Trust were worth $654,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Altshuler Shaham Ltd bought a new position in Starwood Property Trust in the second quarter worth about $28,000. Future Financial Wealth Managment LLC bought a new position in shares of Starwood Property Trust during the third quarter valued at approximately $34,000. Quarry LP bought a new position in shares of Starwood Property Trust during the second quarter valued at approximately $36,000. Godsey & Gibb Inc. bought a new position in shares of Starwood Property Trust during the third quarter valued at approximately $41,000. Finally, Point72 DIFC Ltd bought a new position in shares of Starwood Property Trust during the third quarter valued at approximately $55,000. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Starwood Property Trust Price Performance

Shares of STWD opened at $19.39 on Tuesday. The company has a 50 day moving average price of $19.57 and a 200-day moving average price of $19.83. Starwood Property Trust, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $21.19. The stock has a market capitalization of $6.54 billion, a PE ratio of 16.57 and a beta of 1.69. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.05. The firm had revenue of $479.50 million during the quarter, compared to analysts’ expectations of $488.63 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The company’s revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 EPS. Equities analysts predict that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.48 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.92 dividend on an annualized basis and a yield of 9.90%. Starwood Property Trust’s payout ratio is 164.10%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on STWD. Keefe, Bruyette & Woods reduced their price target on shares of Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. JMP Securities reduced their price target on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a research report on Thursday, November 7th. UBS Group raised their price target on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Starwood Property Trust presently has an average rating of “Moderate Buy” and an average price target of $22.19.

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.