Mutual Advisors LLC grew its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 3.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,627 shares of the real estate investment trust’s stock after buying an additional 1,338 shares during the quarter. Mutual Advisors LLC’s holdings in Starwood Property Trust were worth $730,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. QRG Capital Management Inc. raised its position in shares of Starwood Property Trust by 9.0% during the 2nd quarter. QRG Capital Management Inc. now owns 250,278 shares of the real estate investment trust’s stock valued at $5,023,000 after buying an additional 20,703 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Starwood Property Trust by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 737,047 shares of the real estate investment trust’s stock valued at $14,571,000 after buying an additional 2,993 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Starwood Property Trust during the 1st quarter valued at $925,000. Oppenheimer & Co. Inc. raised its position in shares of Starwood Property Trust by 73.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 85,774 shares of the real estate investment trust’s stock valued at $1,696,000 after buying an additional 36,209 shares in the last quarter. Finally, Highland Capital Management LLC raised its position in shares of Starwood Property Trust by 68.2% during the 1st quarter. Highland Capital Management LLC now owns 76,450 shares of the real estate investment trust’s stock valued at $1,511,000 after buying an additional 31,000 shares in the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently weighed in on STWD. Weiss Ratings restated a “hold (c)” rating on shares of Starwood Property Trust in a research report on Wednesday, October 8th. UBS Group lifted their target price on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods lifted their target price on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Zacks Research cut shares of Starwood Property Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, Wall Street Zen upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.13.
Starwood Property Trust Price Performance
STWD stock opened at $18.57 on Friday. The firm’s 50-day moving average price is $19.82 and its two-hundred day moving average price is $19.68. Starwood Property Trust, Inc. has a 12-month low of $16.59 and a 12-month high of $21.05. The stock has a market capitalization of $6.82 billion, a price-to-earnings ratio of 17.04 and a beta of 1.29. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 2.90.
Starwood Property Trust (NYSE:STWD – Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The firm had revenue of $444.28 million for the quarter, compared to analysts’ expectations of $477.00 million. During the same quarter in the previous year, the company earned $0.48 earnings per share. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, equities analysts predict that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.
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.
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