Morey & Quinn Wealth Partners LLC Makes New $428,000 Investment in Starwood Property Trust, Inc. (NYSE:STWD)

Morey & Quinn Wealth Partners LLC bought a new stake in Starwood Property Trust, Inc. (NYSE:STWD) in the fourth quarter, Holdings Channel reports. The institutional investor bought 22,568 shares of the real estate investment trust’s stock, valued at approximately $428,000.

Other hedge funds have also made changes to their positions in the company. Albion Financial Group UT acquired a new position in Starwood Property Trust in the 4th quarter valued at about $28,000. Brooklyn Investment Group increased its holdings 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. raised its stake in shares of Starwood Property Trust by 69.7% during the fourth quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 717 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Starwood Property Trust by 83.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,881 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 854 shares during the period. Finally, Point72 DIFC Ltd purchased a new position in Starwood Property Trust in the 3rd quarter valued at $55,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Trading Up 0.4 %

Shares of STWD stock opened at $20.03 on Wednesday. The firm’s 50-day simple moving average is $19.74 and its 200-day simple 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, Inc. has a 1-year low of $18.12 and a 1-year high of $21.17. The firm has a market cap of $6.76 billion, a P/E ratio of 17.12 and a beta of 1.68.

Starwood Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued 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 dividend payout ratio (DPR) is presently 174.55%.

Analyst Ratings Changes

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

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.