Crewe Advisors LLC Purchases New Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Crewe Advisors LLC acquired a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,000 shares of the real estate investment trust’s stock, valued at approximately $183,000.

A number of other hedge funds have also recently bought and sold shares of STWD. Norges Bank acquired a new stake in shares of Starwood Property Trust during the 4th quarter worth approximately $62,447,000. Waterfront Capital Partners LLC acquired a new position in shares of Starwood Property Trust during the 4th quarter worth about $15,997,000. NFC Investments LLC bought a new stake in shares of Starwood Property Trust in the 4th quarter valued at about $13,237,000. Premier Fund Managers Ltd acquired a new stake in shares of Starwood Property Trust in the 4th quarter valued at approximately $9,276,000. Finally, MGO One Seven LLC boosted its stake in Starwood Property Trust by 836.9% during the 4th quarter. MGO One Seven LLC now owns 437,819 shares of the real estate investment trust’s stock worth $9,203,000 after acquiring an additional 391,087 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Raymond James dropped their price objective on 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. Wolfe Research started coverage on Starwood Property Trust in a report on Tuesday, June 25th. They set a “peer perform” rating on the stock. Keefe, Bruyette & Woods lowered their target price on 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. JPMorgan Chase & Co. raised their target price on shares of Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, BTIG Research reiterated a “buy” rating and issued a $24.00 price target on shares of Starwood Property Trust in a report on Friday, July 19th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Starwood Property Trust has a consensus rating of “Moderate Buy” and a consensus target price of $21.71.

Starwood Property Trust Stock Performance

Shares of STWD traded up $0.05 during mid-day trading on Thursday, hitting $19.63. 2,105,010 shares of the company’s stock were exchanged, compared to its average volume of 2,212,804. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.80. Starwood Property Trust, Inc. has a 52 week low of $17.07 and a 52 week high of $22.29. The stock’s 50-day simple moving average is $19.42 and its 200-day simple moving average is $19.80. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 14.12 and a beta of 1.69.

Starwood Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.48 per share. 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 is 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.