9,000 Shares in Starwood Property Trust, Inc. (NYSE:STWD) Acquired by Crewe Advisors LLC

Crewe Advisors LLC bought a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) during the 1st quarter, HoldingsChannel reports. The firm bought 9,000 shares of the real estate investment trust’s stock, valued at approximately $183,000.

A number of other institutional investors and hedge funds have also modified their holdings of STWD. 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 valued at $606,480,000 after purchasing an additional 72,461 shares during the period. Norges Bank bought a new position in shares of Starwood Property Trust during the 4th quarter valued at $62,447,000. Wells Fargo & Company MN boosted its stake in shares of Starwood Property Trust by 2.7% in the 4th quarter. Wells Fargo & Company MN now owns 2,246,265 shares of the real estate investment trust’s stock worth $47,216,000 after buying an additional 58,836 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 worth $40,560,000 after acquiring an additional 52,613 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in Starwood Property Trust by 4.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,386,747 shares of the real estate investment trust’s stock valued at $28,193,000 after acquiring an additional 64,675 shares during the last quarter. Institutional investors own 49.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on STWD shares. JPMorgan Chase & Co. raised their target price on Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Raymond James decreased their target price on shares of Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a research note on Thursday, May 16th. BTIG Research reiterated a “buy” rating and issued a $24.00 price target on shares of Starwood Property Trust in a research report on Friday, July 19th. Keefe, Bruyette & Woods reduced their price objective on shares of Starwood Property Trust from $20.50 to $20.00 and set a “market perform” rating for the company in a research note on Wednesday, July 10th. Finally, Wolfe Research began coverage on Starwood Property Trust in a research report on Tuesday, June 25th. They issued a “peer perform” rating on the stock. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.71.

Starwood Property Trust Price Performance

NYSE STWD traded up $0.05 on Thursday, reaching $19.63. The company had a trading volume of 2,105,010 shares, compared to its average volume of 2,212,804. The stock has a market capitalization of $6.20 billion, a PE ratio of 14.12 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 quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.80. The firm’s 50 day moving average price is $19.42 and its 200 day moving average price is $19.80.

Starwood Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.48 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.92 annualized dividend and a dividend yield of 9.78%. 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.