United Services Automobile Association Lowers Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

United Services Automobile Association lowered its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 5.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,759 shares of the real estate investment trust’s stock after selling 1,284 shares during the quarter. United Services Automobile Association’s holdings in Starwood Property Trust were worth $423,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Insigneo Advisory Services LLC purchased a new stake in Starwood Property Trust in the 3rd quarter valued at about $311,000. Stifel Financial Corp raised its stake in shares of Starwood Property Trust by 18.3% in the 3rd quarter. Stifel Financial Corp now owns 395,955 shares of the real estate investment trust’s stock valued at $8,070,000 after acquiring an additional 61,276 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of Starwood Property Trust in the 3rd quarter valued at approximately $55,000. Point72 Asset Management L.P. lifted its holdings in shares of Starwood Property Trust by 117.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 12,770 shares of the real estate investment trust’s stock worth $260,000 after acquiring an additional 87,770 shares during the last quarter. Finally, NFC Investments LLC boosted its position in shares of Starwood Property Trust by 0.8% during the 3rd quarter. NFC Investments LLC now owns 635,948 shares of the real estate investment trust’s stock worth $12,961,000 after purchasing an additional 4,755 shares during the period. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

Shares of Starwood Property Trust stock opened at $20.08 on Monday. The business has a 50-day simple moving average of $19.89 and a 200-day simple moving average of $19.78. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. Starwood Property Trust, Inc. has a one year low of $18.43 and a one year high of $22.29. The company has a market cap of $6.77 billion, a PE ratio of 17.16 and a beta of 1.69.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS 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 the consensus estimate of $488.63 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The company’s revenue was down 8.1% compared to the same quarter last year. On average, equities research analysts forecast that Starwood Property Trust, Inc. will post 1.89 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on STWD shares. JPMorgan Chase & Co. cut their target price 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. UBS Group increased their target price on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Wells Fargo & Company lifted their target price on Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Keefe, Bruyette & Woods raised shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $20.50 to $22.50 in a research report on Thursday, September 5th. Finally, JMP Securities dropped their price objective on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.25.

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.