Envestnet Portfolio Solutions Inc. Invests $247,000 in Starwood Property Trust, Inc. (NYSE:STWD)

Envestnet Portfolio Solutions Inc. purchased a new stake in Starwood Property Trust, Inc. (NYSE:STWD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,020 shares of the real estate investment trust’s stock, valued at approximately $247,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its stake in Starwood Property Trust by 5.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,109,988 shares of the real estate investment trust’s stock valued at $43,002,000 after buying an additional 116,182 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Starwood Property Trust by 147.2% during the third quarter. BNP Paribas Financial Markets now owns 225,245 shares of the real estate investment trust’s stock valued at $4,590,000 after acquiring an additional 134,121 shares during the last quarter. Atria Wealth Solutions Inc. lifted its holdings in Starwood Property Trust by 31.0% during the fourth quarter. Atria Wealth Solutions Inc. now owns 88,148 shares of the real estate investment trust’s stock worth $1,670,000 after acquiring an additional 20,840 shares during the period. Kestra Investment Management LLC purchased a new position in Starwood Property Trust in the third quarter worth $2,250,000. Finally, Proficio Capital Partners LLC bought a new position in Starwood Property Trust in the 4th quarter valued at $377,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Price Performance

Starwood Property Trust stock opened at $19.83 on Friday. The firm has a market capitalization of $6.70 billion, a P/E ratio of 16.94 and a beta of 1.68. Starwood Property Trust, Inc. has a one year low of $18.12 and a one year high of $21.17. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79. The business has a fifty day moving average price of $19.78 and a 200-day moving average price of $19.80.

Starwood Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.68%. The ex-dividend date of this dividend is Monday, March 31st. Starwood Property Trust’s payout ratio is presently 174.55%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on STWD. Keefe, Bruyette & Woods cut their price target on shares of Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price target on shares of Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.21.

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.