Prevail Innovative Wealth Advisors LLC Grows Position in Starwood Property Trust, Inc. (NYSE:STWD)

Prevail Innovative Wealth Advisors LLC boosted its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 24.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 244,381 shares of the real estate investment trust’s stock after acquiring an additional 48,355 shares during the period. Starwood Property Trust comprises approximately 1.3% of Prevail Innovative Wealth Advisors LLC’s holdings, making the stock its 17th biggest holding. Prevail Innovative Wealth Advisors LLC’s holdings in Starwood Property Trust were worth $4,631,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Palogic Value Management L.P. grew its holdings in shares of Starwood Property Trust by 20.2% during the 4th quarter. Palogic Value Management L.P. now owns 42,637 shares of the real estate investment trust’s stock worth $808,000 after purchasing an additional 7,165 shares during the period. Brown Brothers Harriman & Co. grew its stake in Starwood Property Trust by 2.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 113,622 shares of the real estate investment trust’s stock worth $2,153,000 after buying an additional 2,622 shares during the period. Pictet Asset Management Holding SA increased its position in shares of Starwood Property Trust by 15.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 49,385 shares of the real estate investment trust’s stock worth $936,000 after acquiring an additional 6,752 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Starwood Property Trust in the 4th quarter valued at $61,000. Finally, Norges Bank purchased a new stake in Starwood Property Trust during the 4th quarter worth $63,044,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on STWD. Keefe, Bruyette & Woods cut their price objective on Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. reduced their price target on 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Starwood Property Trust currently has a consensus rating of “Moderate Buy” and an average price target of $22.21.

Starwood Property Trust Stock Performance

Shares of STWD opened at $19.83 on Friday. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 16.94 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. The business’s 50 day moving average is $19.78 and its two-hundred day moving average is $19.80. Starwood Property Trust, Inc. has a 52-week low of $18.12 and a 52-week high of $21.17.

Starwood Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.48 per share. The ex-dividend date is Monday, March 31st. This represents a $1.92 dividend on an annualized basis and a yield of 9.68%. Starwood Property Trust’s dividend payout ratio (DPR) is 174.55%.

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.