DLD Asset Management LP Buys New Position in Starwood Property Trust, Inc. $STWD

DLD Asset Management LP acquired a new stake in Starwood Property Trust, Inc. (NYSE:STWD) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 34,500,000 shares of the real estate investment trust’s stock, valued at approximately $692,415,000. Starwood Property Trust comprises approximately 2.7% of DLD Asset Management LP’s investment portfolio, making the stock its 13th largest holding. DLD Asset Management LP owned about 0.09% of Starwood Property Trust at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in shares of Starwood Property Trust during the 1st quarter worth approximately $25,000. SVB Wealth LLC bought a new position in shares of Starwood Property Trust in the first quarter valued at about $30,000. Financial Gravity Companies Inc. acquired a new stake in Starwood Property Trust during the second quarter worth approximately $44,000. Smartleaf Asset Management LLC lifted its holdings in Starwood Property Trust by 34.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,531 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 650 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Starwood Property Trust by 1,650.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,729 shares of the real estate investment trust’s stock worth $74,000 after buying an additional 3,516 shares in the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Trading Up 0.4%

NYSE STWD opened at $18.34 on Thursday. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 16.82 and a beta of 1.27. The business has a 50 day moving average price of $18.68 and a 200-day moving average price of $19.61. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 2.90. Starwood Property Trust, Inc. has a 52 week low of $16.59 and a 52 week high of $21.05.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Monday, November 10th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The business had revenue of $247.87 million during the quarter, compared to the consensus estimate of $479.70 million. During the same period last year, the business posted $0.48 earnings per share. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities analysts expect that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

STWD has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Starwood Property Trust in a research note on Wednesday, October 8th. 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. Keefe, Bruyette & Woods reduced their price objective on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 12th. Wells Fargo & Company reduced their target price on shares of Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. Finally, Zacks Research lowered Starwood Property Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Starwood Property Trust presently has a consensus rating of “Hold” and a consensus price target of $20.63.

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.