Grange Capital LLC Cuts Stock Position in Starwood Property Trust, Inc. $STWD

Grange Capital LLC trimmed its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 2.6% in the second quarter, HoldingsChannel reports. The firm owned 247,264 shares of the real estate investment trust’s stock after selling 6,546 shares during the period. Starwood Property Trust makes up about 5.2% of Grange Capital LLC’s portfolio, making the stock its 6th largest position. Grange Capital LLC’s holdings in Starwood Property Trust were worth $4,963,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas acquired a new stake in shares of Starwood Property Trust in the 1st quarter valued at about $925,000. State of Michigan Retirement System boosted its holdings in Starwood Property Trust by 1.1% in the first quarter. State of Michigan Retirement System now owns 76,700 shares of the real estate investment trust’s stock worth $1,516,000 after acquiring an additional 800 shares in the last quarter. Xponance Inc. grew its stake in Starwood Property Trust by 4.8% in the first quarter. Xponance Inc. now owns 41,820 shares of the real estate investment trust’s stock valued at $827,000 after acquiring an additional 1,898 shares during the period. Louisiana State Employees Retirement System increased its holdings in shares of Starwood Property Trust by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 89,700 shares of the real estate investment trust’s stock valued at $1,773,000 after acquiring an additional 800 shares in the last quarter. Finally, CWM LLC raised its position in shares of Starwood Property Trust by 32.8% during the first quarter. CWM LLC now owns 17,761 shares of the real estate investment trust’s stock worth $351,000 after purchasing an additional 4,390 shares during the period. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Stock Up 0.7%

Shares of NYSE:STWD opened at $18.41 on Monday. Starwood Property Trust, Inc. has a 1 year low of $16.59 and a 1 year high of $21.05. The company has a market capitalization of $6.76 billion, a PE ratio of 16.89 and a beta of 1.27. The business has a fifty day moving average price of $19.34 and a two-hundred day moving average price of $19.72. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.61 and a quick ratio of 1.61.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share for the quarter, topping 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 company had revenue of $444.28 million for the quarter, compared to the consensus estimate of $477.00 million. During the same period in the previous year, the firm earned $0.48 EPS. The firm’s quarterly revenue was down 9.3% on a year-over-year basis. Analysts forecast that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on STWD shares. 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 stock a “neutral” rating in a report on Tuesday, July 15th. Zacks Research downgraded shares of Starwood Property Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. Finally, Wall Street Zen upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Starwood Property Trust currently has a consensus rating of “Hold” and an average price target of $20.50.

Starwood Property Trust Company 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.