Crux Wealth Advisors Invests $450,000 in Starwood Property Trust, Inc. (NYSE:STWD)

Crux Wealth Advisors purchased a new stake in Starwood Property Trust, Inc. (NYSE:STWD) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,734 shares of the real estate investment trust’s stock, valued at approximately $450,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Starwood Property Trust by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 30,943,260 shares of the real estate investment trust’s stock valued at $586,375,000 after buying an additional 377,939 shares in the last quarter. Geode Capital Management LLC lifted its stake in Starwood Property Trust by 8.1% in the 3rd quarter. Geode Capital Management LLC now owns 5,345,000 shares of the real estate investment trust’s stock valued at $108,960,000 after purchasing an additional 399,672 shares during the last quarter. Norges Bank acquired a new position in shares of Starwood Property Trust during the fourth quarter worth $63,044,000. Bank of New York Mellon Corp boosted its holdings in shares of Starwood Property Trust by 0.4% during the 4th quarter. Bank of New York Mellon Corp now owns 2,669,827 shares of the real estate investment trust’s stock valued at $50,593,000 after acquiring an additional 10,979 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Starwood Property Trust during the 4th quarter worth $48,841,000. 49.82% of the stock is owned by institutional investors.

Starwood Property Trust Stock Performance

STWD stock opened at $17.84 on Friday. The firm has a market cap of $6.02 billion, a PE ratio of 15.25 and a beta of 1.34. The stock has a 50-day moving average price of $19.59 and a 200-day moving average price of $19.63. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61. Starwood Property Trust, Inc. has a 1-year low of $16.59 and a 1-year high of $21.17.

Starwood Property Trust Dividend Announcement

The company also recently announced 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. This represents a $1.92 dividend on an annualized basis and a yield of 10.76%. The ex-dividend date is Monday, March 31st. Starwood Property Trust’s payout ratio is 174.55%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Keefe, Bruyette & Woods dropped their target price on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. 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 report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.07.

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.