Edgestream Partners L.P. Buys Shares of 65,844 Starwood Property Trust, Inc. $STWD

Edgestream Partners L.P. purchased a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 65,844 shares of the real estate investment trust’s stock, valued at approximately $1,321,000.

A number of other institutional investors have also modified their holdings of STWD. Lido Advisors LLC lifted its stake in Starwood Property Trust by 1.5% during the 2nd quarter. Lido Advisors LLC now owns 153,131 shares of the real estate investment trust’s stock worth $3,147,000 after acquiring an additional 2,283 shares in the last quarter. Norges Bank purchased a new stake in Starwood Property Trust during the second quarter worth about $71,492,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Starwood Property Trust by 99.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,450 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 3,721 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Starwood Property Trust by 1.2% during the second quarter. State Board of Administration of Florida Retirement System now owns 337,723 shares of the real estate investment trust’s stock worth $6,778,000 after purchasing an additional 3,870 shares in the last quarter. Finally, DLD Asset Management LP purchased a new position in shares of Starwood Property Trust in the second quarter valued at approximately $692,415,000. 49.82% of the stock is owned by institutional investors and hedge funds.

Starwood Property Trust Stock Performance

NYSE:STWD opened at $18.25 on Friday. Starwood Property Trust, Inc. has a 12 month low of $16.59 and a 12 month high of $21.05. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market capitalization of $6.76 billion, a PE ratio of 17.38 and a beta of 1.14. The business’s fifty day moving average price is $18.43 and its 200 day moving average price is $19.53.

Starwood Property Trust (NYSE:STWD) last released 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). Starwood Property Trust had a return on equity of 8.41% and a net margin of 20.28%.The business had revenue of $247.87 million for the quarter, compared to analyst estimates of $479.70 million. During the same period in the prior year, the company posted $0.48 earnings per share. The company’s revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on STWD. Keefe, Bruyette & Woods cut their target price 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. Wells Fargo & Company cut their price objective on Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. Wall Street Zen upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Starwood Property Trust in a research note on Wednesday, October 8th. Finally, Zacks Research lowered Starwood Property Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. Three investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.63.

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.