CreativeOne Wealth LLC Sells 43,925 Shares of Starwood Property Trust, Inc. $STWD

CreativeOne Wealth LLC trimmed its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 51.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,934 shares of the real estate investment trust’s stock after selling 43,925 shares during the period. CreativeOne Wealth LLC’s holdings in Starwood Property Trust were worth $812,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in STWD. Evolution Wealth Management Inc. bought a new position in Starwood Property Trust during the 2nd quarter worth about $25,000. Cloud Capital Management LLC bought a new stake in shares of Starwood Property Trust in the third quarter valued at about $29,000. Jackson Grant Investment Advisers Inc. acquired a new position in shares of Starwood Property Trust during the third quarter worth about $29,000. Orion Capital Management LLC acquired a new position in shares of Starwood Property Trust during the third quarter worth about $39,000. Finally, Financial Gravity Companies Inc. bought a new position in shares of Starwood Property Trust during the second quarter worth about $44,000. 49.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on STWD shares. Wells Fargo & Company cut their target price on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, February 26th. Keefe, Bruyette & Woods decreased their price target on shares of Starwood Property Trust from $20.50 to $20.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. Bank of America reiterated a “neutral” rating and issued a $19.00 price objective on shares of Starwood Property Trust in a report on Friday, March 6th. Zacks Research raised shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Starwood Property Trust in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $19.90.

Starwood Property Trust Stock Performance

Shares of NYSE STWD opened at $17.67 on Friday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a 50 day moving average price of $18.10 and a 200 day moving average price of $18.64. The stock has a market capitalization of $6.55 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 2.38 and a beta of 1.10. 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 posted its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.01. Starwood Property Trust had a return on equity of 8.16% and a net margin of 22.32%.The firm had revenue of $492.95 million for the quarter, compared to analyst estimates of $469.53 million. During the same quarter in the previous year, the firm earned $0.48 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis. Analysts predict that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust announced that its board has initiated a stock buyback program on Thursday, February 26th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to repurchase up to 6.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

About Starwood Property Trust

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.