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 Starwood Property Trust, Inc. (NYSE:STWD) by 3.6% in the first quarter, HoldingsChannel reports. The fund owned 284,087 shares of the real estate investment trust’s stock after selling 10,648 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Starwood Property Trust were worth $5,775,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Starwood Property Trust by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 28,852,499 shares of the real estate investment trust’s stock worth $606,480,000 after purchasing an additional 72,461 shares during the period. Norges Bank bought a new stake in Starwood Property Trust during the fourth quarter worth about $62,447,000. Wells Fargo & Company MN boosted its stake in Starwood Property Trust by 2.7% in the fourth quarter. Wells Fargo & Company MN now owns 2,246,265 shares of the real estate investment trust’s stock valued at $47,216,000 after buying an additional 58,836 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Starwood Property Trust by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,929,579 shares of the real estate investment trust’s stock valued at $40,560,000 after acquiring an additional 52,613 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in Starwood Property Trust by 3.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,322,072 shares of the real estate investment trust’s stock valued at $27,790,000 after acquiring an additional 39,788 shares during the last quarter. Institutional investors own 49.82% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on STWD. Bank of America reiterated a “neutral” rating and issued 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 decreased their target price on 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. Keefe, Bruyette & Woods decreased their target price on 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. BTIG Research decreased their target price on 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. Finally, JPMorgan Chase & Co. decreased their target price 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. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.88.

Starwood Property Trust Stock Down 1.0 %

Shares of NYSE:STWD opened at $18.75 on Tuesday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 2.49 and a current ratio of 2.49. Starwood Property Trust, Inc. has a 52-week low of $17.07 and a 52-week high of $22.29. The business’s 50 day simple moving average is $19.47 and its two-hundred day simple moving average is $20.00. The firm has a market cap of $5.92 billion, a P/E ratio of 13.49 and a beta of 1.69.

Starwood Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.48 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.92 dividend on an annualized basis and a yield of 10.24%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 138.13%.

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.