Second Half Financial Partners LLC Trims Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Second Half Financial Partners LLC lessened its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 47.4% in the third quarter, Holdings Channel reports. The institutional investor owned 157,424 shares of the real estate investment trust’s stock after selling 141,819 shares during the quarter. Starwood Property Trust accounts for about 1.7% of Second Half Financial Partners LLC’s portfolio, making the stock its 16th largest position. Second Half Financial Partners LLC’s holdings in Starwood Property Trust were worth $3,208,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of Starwood Property Trust in the 1st quarter worth about $26,000. Altshuler Shaham Ltd acquired a new position in Starwood Property Trust in the second quarter worth about $28,000. Future Financial Wealth Managment LLC bought a new stake in Starwood Property Trust in the third quarter valued at about $34,000. Quarry LP acquired a new stake in Starwood Property Trust during the second quarter valued at approximately $36,000. Finally, Godsey & Gibb Inc. bought a new position in Starwood Property Trust during the 3rd quarter worth approximately $41,000. 49.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on STWD. JPMorgan Chase & Co. dropped their price target on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. JMP Securities dropped their target price on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a report on Thursday, November 7th. UBS Group lifted their price target on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a report on Friday. Wells Fargo & Company increased their price objective on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Finally, Keefe, Bruyette & Woods upgraded Starwood Property Trust from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $20.50 to $22.50 in a research note on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $22.25.

Starwood Property Trust Trading Up 0.5 %

Shares of NYSE:STWD opened at $19.56 on Tuesday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. The company’s 50-day moving average price is $20.01 and its 200 day moving average price is $19.79. The company has a market cap of $6.59 billion, a PE ratio of 16.72 and a beta of 1.70. Starwood Property Trust, Inc. has a fifty-two week low of $18.43 and a fifty-two week high of $22.29.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The company had revenue of $479.50 million for the quarter, compared to analysts’ expectations of $488.63 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. Sell-side analysts anticipate that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current year.

About Starwood Property Trust

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.