Starwood Property Trust, Inc. (NYSE:STWD) Stock Holdings Lifted by HighTower Advisors LLC

HighTower Advisors LLC raised its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 9.6% in the third quarter, Holdings Channel reports. The firm owned 1,725,473 shares of the real estate investment trust’s stock after buying an additional 150,576 shares during the period. HighTower Advisors LLC’s holdings in Starwood Property Trust were worth $35,170,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in STWD. Centiva Capital LP bought a new position in Starwood Property Trust during the third quarter valued at approximately $1,336,000. Benjamin Edwards Inc. bought a new position in shares of Starwood Property Trust during the 3rd quarter valued at $1,477,000. Atom Investors LP acquired a new stake in shares of Starwood Property Trust in the 3rd quarter valued at $219,000. Kestra Investment Management LLC bought a new stake in Starwood Property Trust in the third quarter worth $2,250,000. Finally, Edgestream Partners L.P. acquired a new position in Starwood Property Trust during the third quarter worth $410,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on STWD. Keefe, Bruyette & Woods raised Starwood Property Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $20.50 to $22.50 in a research report on Thursday, September 5th. JMP Securities reduced their target price on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a report on Thursday, November 7th. Wells Fargo & Company upped their target price on Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. UBS Group lifted their price target on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $22.25.

Starwood Property Trust Stock Up 0.1 %

STWD opened at $19.97 on Friday. The business has a 50 day moving average of $19.92 and a 200-day moving average of $19.78. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 17.07 and a beta of 1.69. 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 $18.43 and a 1-year high of $22.29.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The firm had revenue of $479.50 million during the quarter, compared to the consensus estimate of $488.63 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The business’s revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. As a group, sell-side analysts anticipate that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current year.

About Starwood Property Trust

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.