Commerce Bank Has $308,000 Stake in Starwood Property Trust, Inc. (NYSE:STWD)

Commerce Bank boosted its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 8.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,126 shares of the real estate investment trust’s stock after purchasing an additional 1,242 shares during the period. Commerce Bank’s holdings in Starwood Property Trust were worth $308,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Altshuler Shaham Ltd acquired a new stake in Starwood Property Trust during the 2nd quarter worth about $28,000. Future Financial Wealth Managment LLC acquired a new stake in Starwood Property Trust during the 3rd quarter worth about $34,000. Quarry LP acquired a new stake in Starwood Property Trust during the 2nd quarter worth about $36,000. Godsey & Gibb Inc. acquired a new stake in Starwood Property Trust during the 3rd quarter worth about $41,000. Finally, GAMMA Investing LLC grew its holdings in Starwood Property Trust by 54.1% during the 2nd quarter. GAMMA Investing LLC now owns 2,263 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 794 shares during the period. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Price Performance

Shares of NYSE STWD opened at $20.30 on Thursday. Starwood Property Trust, Inc. has a fifty-two week low of $18.43 and a fifty-two week high of $22.29. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 17.40 and a beta of 1.70. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. The firm’s 50-day simple moving average is $19.99 and its 200 day simple moving average is $19.79.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. The firm had revenue of $479.50 million during the quarter, compared to analyst estimates of $488.63 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. As a group, research analysts anticipate that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on STWD shares. JPMorgan Chase & Co. decreased their price target on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. UBS Group increased their price objective on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Wells Fargo & Company increased their price objective on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Keefe, Bruyette & Woods raised shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $20.50 to $22.50 in a research report on Thursday, September 5th. Finally, JMP Securities cut 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. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.25.

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.