Allworth Financial LP Buys 3,324 Shares of Starwood Property Trust, Inc. $STWD

Allworth Financial LP lifted its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 70.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,011 shares of the real estate investment trust’s stock after buying an additional 3,324 shares during the period. Allworth Financial LP’s holdings in Starwood Property Trust were worth $161,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new position in Starwood Property Trust during the first quarter valued at about $25,000. SVB Wealth LLC acquired a new stake in shares of Starwood Property Trust during the 1st quarter worth approximately $30,000. Smartleaf Asset Management LLC grew its holdings in shares of Starwood Property Trust by 34.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,531 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 650 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Starwood Property Trust by 1,650.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,729 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 3,516 shares during the period. Finally, SSA Swiss Advisors AG acquired a new position in shares of Starwood Property Trust in the first quarter valued at $75,000. 49.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STWD has been the subject of several research reports. Keefe, Bruyette & Woods reduced their target price on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Wednesday, November 12th. Wall Street Zen upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Starwood Property Trust in a research report on Wednesday, October 8th. Wells Fargo & Company lowered their target price on shares of Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 11th. Finally, Zacks Research cut shares of Starwood Property Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.63.

Starwood Property Trust Stock Up 0.2%

Shares of STWD opened at $17.66 on Wednesday. The company has a market capitalization of $6.54 billion, a P/E ratio of 16.20 and a beta of 1.27. Starwood Property Trust, Inc. has a one year low of $16.59 and a one year high of $21.05. The business’s 50 day simple moving average is $18.98 and its 200-day simple moving average is $19.66. 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 (NYSE:STWD) last issued its quarterly earnings data on Monday, November 10th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.04). The business had revenue of $247.87 million during the quarter, compared to the consensus estimate of $479.70 million. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 EPS. As a group, sell-side analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal 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.