Police & Firemen s Retirement System of New Jersey Grows Position in Starwood Property Trust, Inc. $STWD

Police & Firemen s Retirement System of New Jersey grew its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 6.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 120,741 shares of the real estate investment trust’s stock after purchasing an additional 6,899 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Starwood Property Trust were worth $2,423,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Starwood Property Trust in the second quarter valued at about $765,811,000. Boston Partners increased its holdings in Starwood Property Trust by 124.4% in the second quarter. Boston Partners now owns 1,102,847 shares of the real estate investment trust’s stock valued at $22,060,000 after buying an additional 611,303 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Starwood Property Trust by 10.7% during the 1st quarter. HighTower Advisors LLC now owns 1,993,652 shares of the real estate investment trust’s stock valued at $39,414,000 after acquiring an additional 193,417 shares during the period. Northern Trust Corp boosted its stake in shares of Starwood Property Trust by 3.6% during the 1st quarter. Northern Trust Corp now owns 5,479,313 shares of the real estate investment trust’s stock worth $108,326,000 after acquiring an additional 192,283 shares in the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in shares of Starwood Property Trust in the 1st quarter worth approximately $3,711,000. 49.82% of the stock is owned by institutional investors and hedge funds.

Starwood Property Trust Trading Up 0.2%

Shares of STWD stock opened at $17.66 on Wednesday. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 16.20 and a beta of 1.27. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 2.90. The firm has a 50-day moving average price of $18.98 and a 200 day moving average price of $19.66. Starwood Property Trust, Inc. has a twelve month low of $16.59 and a twelve month high of $21.05.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Monday, November 10th. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). The firm had revenue of $247.87 million for the quarter, compared to analysts’ expectations of $479.70 million. Starwood Property Trust had a return on equity of 8.72% and a net margin of 20.58%.The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 earnings per share. Research analysts forecast that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on STWD. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Starwood Property Trust in a report on Wednesday, October 8th. Wells Fargo & Company cut their price target on Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. Keefe, Bruyette & Woods dropped their target price on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Wednesday, November 12th. Zacks Research cut shares of Starwood Property Trust from a “hold” rating to a “strong sell” rating in a research 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 research report on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.63.

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.