Avantax Advisory Services Inc. Sells 713 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Avantax Advisory Services Inc. reduced its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 6.6% during the 4th quarter, HoldingsChannel reports. The fund owned 10,113 shares of the real estate investment trust’s stock after selling 713 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Starwood Property Trust were worth $192,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC boosted its position in shares of Starwood Property Trust by 5.5% during the fourth quarter. Truvestments Capital LLC now owns 152,292 shares of the real estate investment trust’s stock worth $2,886,000 after buying an additional 7,987 shares during the period. HighTower Advisors LLC boosted its position in Starwood Property Trust by 4.3% during the 4th quarter. HighTower Advisors LLC now owns 1,800,235 shares of the real estate investment trust’s stock worth $34,114,000 after acquiring an additional 74,762 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Starwood Property Trust by 2.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,899 shares of the real estate investment trust’s stock worth $1,230,000 after acquiring an additional 1,531 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Starwood Property Trust by 78.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 22,979 shares of the real estate investment trust’s stock valued at $435,000 after purchasing an additional 10,080 shares during the last quarter. Finally, Aviance Capital Partners LLC lifted its position in shares of Starwood Property Trust by 2.0% in the fourth quarter. Aviance Capital Partners LLC now owns 92,350 shares of the real estate investment trust’s stock worth $1,750,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Down 0.3 %

Starwood Property Trust stock opened at $20.02 on Friday. Starwood Property Trust, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $21.17. The firm has a market capitalization of $6.76 billion, a PE ratio of 17.11 and a beta of 1.68. The company’s 50-day moving average is $19.77 and its 200-day moving average is $19.80. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79.

Starwood Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.48 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.59%. Starwood Property Trust’s payout ratio is 174.55%.

Analyst Ratings Changes

STWD has been the topic of several recent research reports. Keefe, Bruyette & Woods lowered 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 research note on Tuesday, January 14th. JPMorgan Chase & Co. dropped their target price on Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Starwood Property Trust presently has an average rating of “Moderate Buy” and an average price target of $22.21.

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.