Adell Harriman & Carpenter Inc. Sells 7,118 Shares of Starwood Property Trust, Inc. $STWD

Adell Harriman & Carpenter Inc. trimmed its position in Starwood Property Trust, Inc. (NYSE:STWD) by 2.5% in the 2nd quarter, Holdings Channel reports. The firm owned 272,591 shares of the real estate investment trust’s stock after selling 7,118 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Starwood Property Trust were worth $5,471,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in Starwood Property Trust in the 1st quarter valued at $25,000. SVB Wealth LLC bought a new stake in shares of Starwood Property Trust during the 1st quarter worth $30,000. Smallwood Wealth Investment Management LLC bought a new position in Starwood Property Trust in the first quarter valued at $40,000. Financial Gravity Asset Management Inc. bought a new position in Starwood Property Trust in the first quarter valued at $44,000. Finally, Smartleaf Asset Management LLC increased its stake in Starwood Property Trust by 34.6% in the first quarter. Smartleaf Asset Management LLC now owns 2,531 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 650 shares during the last quarter. 49.82% of the stock is owned by institutional investors.

Starwood Property Trust Stock Down 1.1%

Shares of NYSE:STWD opened at $18.25 on Thursday. The stock has a fifty day simple moving average of $19.60 and a two-hundred day simple moving average of $19.73. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 16.74 and a beta of 1.29. Starwood Property Trust, Inc. has a 12-month low of $16.59 and a 12-month high of $21.05. 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) last posted its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.02. Starwood Property Trust had a return on equity of 8.72% and a net margin of 20.58%.The firm had revenue of $444.28 million during the quarter, compared to analysts’ expectations of $477.00 million. During the same quarter in the previous year, the business earned $0.48 earnings per share. The company’s revenue was down 9.3% on a year-over-year basis. On average, research analysts anticipate that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on STWD. UBS Group raised their price target on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Weiss Ratings restated a “hold (c)” rating on shares of Starwood Property Trust in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their price objective on 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 lowered 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 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.13.

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.