Starwood Property Trust, Inc. (NYSE:STWD) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 7.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,544 shares of the real estate investment trust’s stock after purchasing an additional 5,052 shares during the period. Apollon Wealth Management LLC’s holdings in Starwood Property Trust were worth $1,458,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in STWD. State of New Jersey Common Pension Fund D increased its holdings in Starwood Property Trust by 2.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 477,036 shares of the real estate investment trust’s stock valued at $9,722,000 after acquiring an additional 10,865 shares in the last quarter. Covestor Ltd increased its holdings in Starwood Property Trust by 23.6% during the 3rd quarter. Covestor Ltd now owns 5,959 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 1,137 shares in the last quarter. Carmel Capital Partners LLC increased its holdings in Starwood Property Trust by 6.1% during the 3rd quarter. Carmel Capital Partners LLC now owns 131,951 shares of the real estate investment trust’s stock valued at $2,689,000 after acquiring an additional 7,542 shares in the last quarter. Wealth Quarterback LLC increased its holdings in Starwood Property Trust by 6.6% during the 3rd quarter. Wealth Quarterback LLC now owns 14,299 shares of the real estate investment trust’s stock valued at $291,000 after acquiring an additional 885 shares in the last quarter. Finally, Easterly Investment Partners LLC purchased a new position in Starwood Property Trust during the 3rd quarter valued at about $4,381,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on STWD shares. Wells Fargo & Company raised their target price on shares of Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, September 20th. BTIG Research reiterated a “buy” rating and set a $24.00 price target on shares of Starwood Property Trust in a report on Friday, July 19th. JPMorgan Chase & Co. lowered 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 report on Thursday, November 7th. JMP Securities lowered their price target on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $20.50 to $22.50 in a report on Thursday, September 5th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.38.

Starwood Property Trust Price Performance

Starwood Property Trust stock opened at $19.56 on Friday. Starwood Property Trust, Inc. has a 1 year low of $18.43 and a 1 year high of $22.29. The firm has a 50 day moving average price of $20.01 and a 200 day moving average price of $19.78. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 16.72 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.

Starwood Property Trust (NYSE:STWD) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The firm had revenue of $479.50 million during the quarter, compared to the consensus estimate of $488.63 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. Starwood Property Trust’s revenue was down 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 earnings per share. Sell-side analysts predict that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current 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.