Wealth Quarterback LLC Buys 3,366 Shares of Starwood Property Trust, Inc. $STWD

Wealth Quarterback LLC boosted its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 19.6% during the second quarter, Holdings Channel.com reports. The firm owned 20,533 shares of the real estate investment trust’s stock after buying an additional 3,366 shares during the period. Wealth Quarterback LLC’s holdings in Starwood Property Trust were worth $412,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. QRG Capital Management Inc. increased its stake in shares of Starwood Property Trust by 9.0% in the second quarter. QRG Capital Management Inc. now owns 250,278 shares of the real estate investment trust’s stock worth $5,023,000 after buying an additional 20,703 shares during the period. Teacher Retirement System of Texas bought a new stake in Starwood Property Trust in the 1st quarter worth $925,000. Wellington Management Group LLP bought a new stake in Starwood Property Trust in the 1st quarter worth $516,000. Grassi Investment Management increased its position in shares of Starwood Property Trust by 168.1% in the second quarter. Grassi Investment Management now owns 95,700 shares of the real estate investment trust’s stock valued at $1,921,000 after acquiring an additional 60,000 shares during the period. Finally, Bleakley Financial Group LLC raised its stake in shares of Starwood Property Trust by 109.1% during the first quarter. Bleakley Financial Group LLC now owns 64,928 shares of the real estate investment trust’s stock valued at $1,284,000 after acquiring an additional 33,882 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Trading Up 1.1%

STWD opened at $18.08 on Wednesday. The stock has a market cap of $6.64 billion, a PE ratio of 16.59 and a beta of 1.27. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 2.90. The business has a 50 day moving average of $19.25 and a 200-day moving average of $19.71. Starwood Property Trust, Inc. has a 52 week low of $16.59 and a 52 week high of $21.05.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Monday, November 10th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.04). The firm had revenue of $488.88 million during the quarter, compared to analysts’ expectations of $479.70 million. Starwood Property Trust had a return on equity of 8.72% and a net margin of 20.58%.Starwood Property Trust’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 earnings per share. Equities research analysts predict that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on STWD shares. Weiss Ratings reissued a “hold (c)” rating on shares of Starwood Property Trust in a research note on Wednesday, October 8th. Zacks Research cut Starwood Property Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 29th. Wall Street Zen upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Wells Fargo & Company cut their price target on shares of Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, UBS Group boosted 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 report on Tuesday, July 15th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $20.63.

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.