Morey & Quinn Wealth Partners LLC Makes New Investment in Starwood Property Trust, Inc. (NYSE:STWD)

Morey & Quinn Wealth Partners LLC purchased a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 22,568 shares of the real estate investment trust’s stock, valued at approximately $428,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Albion Financial Group UT purchased a new position in Starwood Property Trust during the fourth quarter worth about $28,000. Brooklyn Investment Group boosted its stake in shares of Starwood Property Trust by 86.1% in the fourth quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 730 shares during the period. UMB Bank n.a. lifted its holdings in Starwood Property Trust by 69.7% during the 4th quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 717 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Starwood Property Trust by 83.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,881 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 854 shares during the period. Finally, Point72 DIFC Ltd purchased a new stake in shares of Starwood Property Trust during the third quarter worth $55,000. 49.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Starwood Property Trust Stock Performance

Shares of STWD opened at $20.03 on Wednesday. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 17.12 and a beta of 1.68. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. Starwood Property Trust, Inc. has a 52-week low of $18.12 and a 52-week high of $21.17. The stock has a 50 day moving average price of $19.74 and a 200 day moving average price of $19.80.

Starwood Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 yield of 9.59%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 174.55%.

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.