Truist Financial Corp Lowers Position in Starwood Property Trust, Inc. $STWD

Truist Financial Corp cut its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 40.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,718 shares of the real estate investment trust’s stock after selling 18,012 shares during the quarter. Truist Financial Corp’s holdings in Starwood Property Trust were worth $536,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its position in shares of Starwood Property Trust by 11.6% during the second quarter. Janney Montgomery Scott LLC now owns 36,417 shares of the real estate investment trust’s stock valued at $731,000 after buying an additional 3,773 shares during the last quarter. Global Trust Asset Management LLC lifted its position in shares of Starwood Property Trust by 41.1% during the second quarter. Global Trust Asset Management LLC now owns 4,975 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 1,450 shares during the last quarter. Register Financial Advisors LLC lifted its position in shares of Starwood Property Trust by 58.4% during the second quarter. Register Financial Advisors LLC now owns 66,191 shares of the real estate investment trust’s stock valued at $1,328,000 after buying an additional 24,416 shares during the last quarter. Peddock Capital Advisors LLC purchased a new stake in shares of Starwood Property Trust during the second quarter valued at about $254,000. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Starwood Property Trust by 0.7% during the second quarter. Public Employees Retirement System of Ohio now owns 106,162 shares of the real estate investment trust’s stock valued at $2,131,000 after buying an additional 723 shares during the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

Starwood Property Trust Stock Performance

Shares of Starwood Property Trust stock opened at $18.71 on Thursday. The firm has a market capitalization of $6.87 billion, a P/E ratio of 17.17 and a beta of 1.29. 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 company has a 50 day moving average price of $19.87 and a 200 day moving average price of $19.70. 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 announced its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. The firm had revenue of $444.28 million during the quarter, compared to analyst estimates of $477.00 million. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. Starwood Property Trust’s revenue was down 9.3% on a year-over-year basis. During the same period last year, the firm posted $0.48 EPS. Sell-side analysts expect that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on STWD. Weiss Ratings reissued a “hold (c)” rating on shares of Starwood Property Trust in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their price target 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. UBS Group increased their price target 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 raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.13.

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.