State of New Jersey Common Pension Fund D Acquires 10,865 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

State of New Jersey Common Pension Fund D lifted its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 477,036 shares of the real estate investment trust’s stock after acquiring an additional 10,865 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Starwood Property Trust were worth $9,722,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in STWD. Van ECK Associates Corp raised its stake in shares of Starwood Property Trust by 27.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,313,824 shares of the real estate investment trust’s stock valued at $26,106,000 after purchasing an additional 279,793 shares during the period. Raymond James & Associates grew its holdings in Starwood Property Trust by 0.6% during the 3rd quarter. Raymond James & Associates now owns 1,090,325 shares of the real estate investment trust’s stock valued at $22,221,000 after buying an additional 6,616 shares in the last quarter. Rhumbline Advisers increased its position in shares of Starwood Property Trust by 0.4% during the second quarter. Rhumbline Advisers now owns 865,410 shares of the real estate investment trust’s stock valued at $16,391,000 after buying an additional 3,259 shares during the period. Valley Wealth Managers Inc. increased its position in shares of Starwood Property Trust by 3.9% during the second quarter. Valley Wealth Managers Inc. now owns 787,461 shares of the real estate investment trust’s stock valued at $14,915,000 after buying an additional 29,770 shares during the period. Finally, Swiss National Bank boosted its position in shares of Starwood Property Trust by 0.3% in the first quarter. Swiss National Bank now owns 618,365 shares of the real estate investment trust’s stock valued at $12,571,000 after acquiring an additional 2,000 shares during the period. 49.82% of the stock is owned by institutional investors.

Starwood Property Trust Stock Performance

NYSE:STWD opened at $19.50 on Monday. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 16.67 and a beta of 1.70. The business has a 50 day moving average of $20.08 and a 200 day moving average of $19.78. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.84. Starwood Property Trust, Inc. has a 1-year low of $18.43 and a 1-year high of $22.29.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The firm had revenue of $479.50 million during the quarter, compared to analyst estimates of $488.63 million. During the same period in the previous year, the business posted $0.46 EPS. The business’s quarterly revenue was down 8.1% on a year-over-year basis. On average, sell-side analysts predict that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on STWD shares. Wells Fargo & Company upped their target price on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Keefe, Bruyette & Woods raised shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $20.50 to $22.50 in a report on Thursday, September 5th. JPMorgan Chase & Co. lowered their price objective on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday. BTIG Research restated a “buy” rating and set a $24.00 target price on shares of Starwood Property Trust in a research report on Friday, July 19th. Finally, JMP Securities decreased their target price on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $22.38.

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.