39,360 Shares in Starwood Property Trust, Inc. $STWD Bought by Callodine Capital Management LP

Callodine Capital Management LP acquired a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 39,360 shares of the real estate investment trust’s stock, valued at approximately $762,000.

A number of other institutional investors also recently bought and sold shares of STWD. Pathstone Holdings LLC boosted its stake in shares of Starwood Property Trust by 3.6% during the third quarter. Pathstone Holdings LLC now owns 226,190 shares of the real estate investment trust’s stock worth $4,383,000 after buying an additional 7,926 shares during the period. Boston Partners increased its position in Starwood Property Trust by 3.5% in the 3rd quarter. Boston Partners now owns 1,141,268 shares of the real estate investment trust’s stock valued at $22,051,000 after acquiring an additional 38,421 shares during the period. Marshall Wace LLP purchased a new stake in Starwood Property Trust during the 3rd quarter valued at approximately $20,457,000. Keystone Financial Services purchased a new stake in Starwood Property Trust during the 3rd quarter valued at approximately $255,000. Finally, Sei Investments Co. lifted its position in Starwood Property Trust by 6.8% during the 3rd quarter. Sei Investments Co. now owns 154,876 shares of the real estate investment trust’s stock worth $3,000,000 after acquiring an additional 9,902 shares during the period. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on STWD. Wells Fargo & Company dropped their target price on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. Bank of America reaffirmed a “neutral” rating and set a $19.00 price target on shares of Starwood Property Trust in a report on Friday, March 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Starwood Property Trust in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods dropped their price objective on shares of Starwood Property Trust from $20.50 to $20.00 and set an “outperform” rating on the stock in a research note on Monday, March 2nd. Finally, Zacks Research upgraded shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Three research 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 company currently has a consensus rating of “Hold” and a consensus price target of $19.90.

Starwood Property Trust Stock Down 0.3%

STWD opened at $17.60 on Friday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.68 and a quick ratio of 1.68. The business has a 50 day simple moving average of $18.09 and a 200-day simple moving average of $18.62. The stock has a market capitalization of $6.52 billion, a P/E ratio of 15.17, a P/E/G ratio of 2.35 and a beta of 1.10. Starwood Property Trust, Inc. has a 12 month low of $16.59 and a 12 month high of $21.05.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The firm had revenue of $492.95 million for the quarter, compared to analyst estimates of $469.53 million. Starwood Property Trust had a return on equity of 8.16% and a net margin of 22.32%.Starwood Property Trust’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 earnings per share. On average, equities analysts anticipate 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 authorized a share repurchase program on Thursday, February 26th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to buy up to 6.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors 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.