1832 Asset Management L.P. Increases Stock Holdings in Starwood Property Trust, Inc. $STWD

1832 Asset Management L.P. grew its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 275.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 668,099 shares of the real estate investment trust’s stock after purchasing an additional 490,000 shares during the period. 1832 Asset Management L.P. owned approximately 0.18% of Starwood Property Trust worth $13,409,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. QRG Capital Management Inc. lifted its stake in shares of Starwood Property Trust by 9.0% in the 2nd quarter. QRG Capital Management Inc. now owns 250,278 shares of the real estate investment trust’s stock worth $5,023,000 after acquiring an additional 20,703 shares during the period. Grassi Investment Management raised its holdings in Starwood Property Trust by 168.1% during the second quarter. Grassi Investment Management now owns 95,700 shares of the real estate investment trust’s stock worth $1,921,000 after purchasing an additional 60,000 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Starwood Property Trust in the first quarter valued at about $516,000. Boston Partners boosted its holdings in Starwood Property Trust by 124.4% in the 2nd quarter. Boston Partners now owns 1,102,847 shares of the real estate investment trust’s stock valued at $22,060,000 after purchasing an additional 611,303 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Starwood Property Trust by 11.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 492,685 shares of the real estate investment trust’s stock valued at $9,888,000 after purchasing an additional 50,247 shares in the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Starwood Property Trust Stock Performance

Starwood Property Trust stock opened at $18.28 on Friday. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a fifty day moving average of $18.47 and a two-hundred day moving average of $19.54. The company has a market capitalization of $6.77 billion, a price-to-earnings ratio of 17.40 and a beta of 1.14. Starwood Property Trust, Inc. has a fifty-two week low of $16.59 and a fifty-two week high of $21.05.

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 company had revenue of $247.87 million during the quarter, compared to analysts’ expectations of $479.70 million. Starwood Property Trust had a net margin of 20.28% and a return on equity of 8.41%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.48 earnings per share. On average, analysts anticipate that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Company 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.