Oppenheimer & Co. Inc. grew its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 47.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 84,700 shares of the real estate investment trust’s stock after purchasing an additional 27,431 shares during the period. Oppenheimer & Co. Inc.’s holdings in Starwood Property Trust were worth $1,726,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Van ECK Associates Corp lifted its stake in Starwood Property Trust by 27.1% during the third quarter. Van ECK Associates Corp now owns 1,313,824 shares of the real estate investment trust’s stock valued at $26,106,000 after buying an additional 279,793 shares in the last quarter. Raymond James & Associates boosted its stake in Starwood Property Trust by 0.6% in the 3rd quarter. Raymond James & Associates now owns 1,090,325 shares of the real estate investment trust’s stock worth $22,221,000 after purchasing an additional 6,616 shares during the period. Rhumbline Advisers raised its stake in Starwood Property Trust by 0.4% during the 2nd quarter. Rhumbline Advisers now owns 865,410 shares of the real estate investment trust’s stock valued at $16,391,000 after purchasing an additional 3,259 shares during the period. Valley Wealth Managers Inc. lifted its holdings in shares of Starwood Property Trust by 3.9% in the second quarter. Valley Wealth Managers Inc. now owns 787,461 shares of the real estate investment trust’s stock valued at $14,915,000 after purchasing an additional 29,770 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of Starwood Property Trust by 2.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 477,036 shares of the real estate investment trust’s stock worth $9,722,000 after buying an additional 10,865 shares during the period. 49.82% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on STWD shares. Wells Fargo & Company upped their price target on Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. reduced their price target on shares of Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. JMP Securities lowered their price objective on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a research report on Thursday, November 7th. UBS Group upped their price objective on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $20.50 to $22.50 in a report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Starwood Property Trust has an average rating of “Moderate Buy” and a consensus target price of $22.25.
Starwood Property Trust Stock Down 0.5 %
Starwood Property Trust stock opened at $19.47 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61. Starwood Property Trust, Inc. has a 1-year low of $18.43 and a 1-year high of $22.29. The firm’s fifty day simple moving average is $20.01 and its 200-day simple moving average is $19.79. The company has a market capitalization of $6.56 billion, a P/E ratio of 16.64 and a beta of 1.70.
Starwood Property Trust (NYSE:STWD – Get Free Report) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.05. The company had revenue of $479.50 million for the quarter, compared to analyst estimates of $488.63 million. Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The business’s revenue was down 8.1% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. Sell-side analysts forecast that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current fiscal year.
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.
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