RFG Advisory LLC Purchases 3,684 Shares of Starwood Property Trust, Inc. $STWD

RFG Advisory LLC increased its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 167,788 shares of the real estate investment trust’s stock after purchasing an additional 3,684 shares during the period. RFG Advisory LLC’s holdings in Starwood Property Trust were worth $3,367,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC purchased a new stake in Starwood Property Trust in the second quarter worth approximately $765,811,000. Northern Trust Corp boosted its holdings in Starwood Property Trust by 3.6% in the first quarter. Northern Trust Corp now owns 5,479,313 shares of the real estate investment trust’s stock worth $108,326,000 after purchasing an additional 192,283 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Starwood Property Trust by 5.5% in the first quarter. Raymond James Financial Inc. now owns 2,719,027 shares of the real estate investment trust’s stock worth $53,755,000 after purchasing an additional 141,689 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Starwood Property Trust by 1.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,194,942 shares of the real estate investment trust’s stock worth $43,394,000 after purchasing an additional 41,845 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Starwood Property Trust by 10.7% in the first quarter. HighTower Advisors LLC now owns 1,993,652 shares of the real estate investment trust’s stock worth $39,414,000 after purchasing an additional 193,417 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Price Performance

Shares of NYSE:STWD opened at $18.94 on Wednesday. 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, Inc. has a 1-year low of $16.59 and a 1-year high of $21.05. The company has a market capitalization of $6.95 billion, a P/E ratio of 17.37 and a beta of 1.29. The firm’s 50 day simple moving average is $19.89 and its two-hundred day simple moving average is $19.71.

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, beating the consensus estimate 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 business had revenue of $444.28 million for the quarter, compared to the consensus estimate of $477.00 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. Research analysts expect that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

STWD has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their target price on shares of Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Weiss Ratings restated a “hold (c)” rating on shares of Starwood Property Trust in a research report on Wednesday, October 8th. UBS Group boosted their target price on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. Zacks Research lowered shares of Starwood Property Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. 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 investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $21.13.

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.