Global Financial Private Capital LLC cut its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 6.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,875 shares of the real estate investment trust’s stock after selling 10,126 shares during the period. Global Financial Private Capital LLC owned about 0.05% of Starwood Property Trust worth $3,175,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. LSV Asset Management boosted its position in shares of Starwood Property Trust by 3.3% in the 2nd quarter. LSV Asset Management now owns 5,657,722 shares of the real estate investment trust’s stock worth $122,829,000 after buying an additional 178,413 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Starwood Property Trust by 82.9% in the 3rd quarter. Acadian Asset Management LLC now owns 5,363,069 shares of the real estate investment trust’s stock valued at $115,414,000 after purchasing an additional 2,431,609 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Starwood Property Trust by 2.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,002,707 shares of the real estate investment trust’s stock valued at $65,190,000 after purchasing an additional 76,362 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Starwood Property Trust by 121.2% in the 2nd quarter. Renaissance Technologies LLC now owns 2,313,484 shares of the real estate investment trust’s stock valued at $50,226,000 after purchasing an additional 1,267,400 shares in the last quarter. Finally, Boston Partners lifted its holdings in Starwood Property Trust by 3.4% in the 2nd quarter. Boston Partners now owns 2,118,155 shares of the real estate investment trust’s stock valued at $45,985,000 after purchasing an additional 68,679 shares in the last quarter. Institutional investors and hedge funds own 66.63% of the company’s stock.
STWD has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Starwood Property Trust from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 11th. JPMorgan Chase & Co. initiated coverage on shares of Starwood Property Trust in a report on Friday, September 21st. They issued an “overweight” rating and a $23.00 target price on the stock. Credit Suisse Group upped their target price on shares of Starwood Property Trust from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, August 21st. Finally, ValuEngine upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 28th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Starwood Property Trust currently has a consensus rating of “Buy” and an average target price of $24.00.
NYSE:STWD opened at $22.01 on Friday. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 2.06 and a beta of 0.25. The company has a debt-to-equity ratio of 1.82, a quick ratio of 2.00 and a current ratio of 2.00. Starwood Property Trust, Inc. has a 12-month low of $19.47 and a 12-month high of $23.04.
Starwood Property Trust (NYSE:STWD) last released its earnings results on Friday, November 9th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.53. The company had revenue of $285.70 million for the quarter, compared to analyst estimates of $277.19 million. Starwood Property Trust had a net margin of 39.03% and a return on equity of 13.19%. The firm’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. Analysts forecast that Starwood Property Trust, Inc. will post 2.12 earnings per share for the current year.
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About Starwood Property Trust
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.
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