Farther Finance Advisors LLC raised its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 1,196.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,807 shares of the real estate investment trust's stock after acquiring an additional 37,660 shares during the quarter. Farther Finance Advisors LLC's holdings in Starwood Property Trust were worth $832,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Sunbelt Securities Inc. lifted its holdings in shares of Starwood Property Trust by 0.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 57,077 shares of the real estate investment trust's stock valued at $1,081,000 after purchasing an additional 517 shares during the last quarter. Fortem Financial Group LLC lifted its holdings in shares of Starwood Property Trust by 2.0% in the 2nd quarter. Fortem Financial Group LLC now owns 26,278 shares of the real estate investment trust's stock valued at $498,000 after buying an additional 519 shares during the period. Fifth Third Bancorp increased its stake in Starwood Property Trust by 26.0% in the 2nd quarter. Fifth Third Bancorp now owns 2,572 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 531 shares in the last quarter. First Foundation Advisors increased its stake in Starwood Property Trust by 9.4% in the 1st quarter. First Foundation Advisors now owns 8,307 shares of the real estate investment trust's stock valued at $169,000 after purchasing an additional 717 shares in the last quarter. Finally, Whittier Trust Co. increased its stake in Starwood Property Trust by 0.4% in the 2nd quarter. Whittier Trust Co. now owns 160,815 shares of the real estate investment trust's stock valued at $3,044,000 after purchasing an additional 720 shares in the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.
Several research firms have weighed in on STWD. JPMorgan Chase & Co. raised their price target on Starwood Property Trust from $20.00 to $20.50 and gave the stock an "overweight" rating in a research report on Tuesday, July 16th. BTIG Research reissued a "buy" rating and set a $24.00 price target on shares of Starwood Property Trust in a research report on Friday, July 19th. Wells Fargo & Company raised their price target on Starwood Property Trust from $22.00 to $24.00 and gave the stock an "outperform" rating in a research report on Friday, September 20th. Finally, Keefe, Bruyette & Woods raised Starwood Property Trust from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $20.50 to $22.50 in a research report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Starwood Property Trust has an average rating of "Moderate Buy" and a consensus target price of $22.36.
View Our Latest Research Report on STWD
Shares of NYSE:STWD opened at $19.68 on Tuesday. The company has a market cap of $6.23 billion, a P/E ratio of 18.06 and a beta of 1.70. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 2.80. Starwood Property Trust, Inc. has a 52 week low of $18.42 and a 52 week high of $22.29. The business has a fifty day simple moving average of $20.19 and a 200-day simple moving average of $19.78.
Starwood Property Trust (NYSE:STWD - Get Free Report) last issued its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.04. Starwood Property Trust had a return on equity of 10.03% and a net margin of 17.05%. The firm had revenue of $489.80 million for the quarter, compared to analysts' expectations of $505.23 million. During the same quarter last year, the firm earned $0.47 earnings per share. The firm's revenue for the quarter was down 5.0% compared to the same quarter last year. Equities research analysts forecast that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.
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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