Gables Capital Management Inc. decreased its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 12.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 24,375 shares of the real estate investment trust’s stock after selling 3,450 shares during the period. Gables Capital Management Inc.’s holdings in Starwood Property Trust were worth $489,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the business. World Investment Advisors increased its position in Starwood Property Trust by 4.8% during the 1st quarter. World Investment Advisors now owns 11,646 shares of the real estate investment trust’s stock valued at $230,000 after purchasing an additional 530 shares during the period. Carnegie Investment Counsel grew its position in Starwood Property Trust by 2.7% during the 1st quarter. Carnegie Investment Counsel now owns 21,225 shares of the real estate investment trust’s stock worth $420,000 after purchasing an additional 550 shares during the last quarter. Kestra Investment Management LLC grew its position in Starwood Property Trust by 0.4% during the 1st quarter. Kestra Investment Management LLC now owns 141,171 shares of the real estate investment trust’s stock worth $2,791,000 after purchasing an additional 550 shares during the last quarter. IFP Advisors Inc grew its position in Starwood Property Trust by 14.3% during the 2nd quarter. IFP Advisors Inc now owns 4,664 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 583 shares during the last quarter. Finally, Carnegie Lake Advisors LLC lifted its stake in Starwood Property Trust by 0.8% during the 1st quarter. Carnegie Lake Advisors LLC now owns 75,869 shares of the real estate investment trust’s stock valued at $1,500,000 after acquiring an additional 600 shares during the period. Hedge funds and other institutional investors own 49.82% of the company’s stock.
Starwood Property Trust Stock Performance
STWD opened at $18.68 on Wednesday. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a fifty day moving average price of $19.77 and a 200 day moving average price of $19.68. Starwood Property Trust, Inc. has a 1 year low of $16.59 and a 1 year high of $21.05. The stock has a market cap of $6.86 billion, a P/E ratio of 17.14 and a beta of 1.29.
Analyst Upgrades and Downgrades
Several brokerages have commented on STWD. Weiss Ratings restated a “hold (c)” rating on shares of Starwood Property Trust in a research note on Wednesday, October 8th. UBS Group lifted their price objective on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Zacks Research cut shares of Starwood Property Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Wall Street Zen upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Starwood Property Trust presently has a consensus rating of “Moderate Buy” and an average price target of $21.13.
Check Out Our Latest Analysis on STWD
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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