Sonora Investment Management Group LLC Trims Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Sonora Investment Management Group LLC lessened its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 22.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,835 shares of the real estate investment trust’s stock after selling 8,231 shares during the quarter. Sonora Investment Management Group LLC’s holdings in Starwood Property Trust were worth $527,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP raised its position in Starwood Property Trust by 161.2% during the second quarter. Marshall Wace LLP now owns 39,467 shares of the real estate investment trust’s stock valued at $748,000 after acquiring an additional 24,357 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Starwood Property Trust in the 2nd quarter valued at about $244,000. Squarepoint Ops LLC increased its position in shares of Starwood Property Trust by 1,490.6% in the second quarter. Squarepoint Ops LLC now owns 150,436 shares of the real estate investment trust’s stock valued at $2,849,000 after buying an additional 161,254 shares in the last quarter. AQR Capital Management LLC purchased a new stake in Starwood Property Trust in the 2nd quarter worth $203,000. Finally, Algert Global LLC purchased a new position in Starwood Property Trust in the 2nd quarter valued at about $568,000. 49.82% of the stock is owned by hedge funds and other institutional investors.

Starwood Property Trust Stock Performance

Shares of STWD stock opened at $19.29 on Friday. The stock has a market capitalization of $6.50 billion, a PE ratio of 16.48 and a beta of 1.69. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. Starwood Property Trust, Inc. has a 52 week low of $18.12 and a 52 week high of $21.17. The firm has a 50 day moving average of $19.51 and a two-hundred day moving average of $19.82.

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 (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $479.50 million during the quarter, compared to analysts’ expectations of $488.63 million. During the same quarter last year, the business posted $0.46 EPS. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, research analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

STWD has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods cut their price objective on shares of Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. JMP Securities dropped their price target on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a research note on Thursday, November 7th. Finally, UBS Group upped their price objective on Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.13.

Starwood Property Trust Company 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.