Starwood Property Trust, Inc. (NYSE:STWD) Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC cut its position in Starwood Property Trust, Inc. (NYSE:STWD) by 20.5% in the third quarter, Holdings Channel reports. The firm owned 19,731 shares of the real estate investment trust’s stock after selling 5,100 shares during the period. SteelPeak Wealth LLC’s holdings in Starwood Property Trust were worth $412,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in Starwood Property Trust during the 1st quarter valued at approximately $26,000. State of Michigan Retirement System increased its stake in Starwood Property Trust by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 73,100 shares of the real estate investment trust’s stock valued at $1,486,000 after purchasing an additional 1,700 shares in the last quarter. Retirement Systems of Alabama increased its stake in Starwood Property Trust by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 373,665 shares of the real estate investment trust’s stock valued at $7,597,000 after purchasing an additional 981 shares in the last quarter. Private Advisor Group LLC increased its stake in Starwood Property Trust by 27.1% in the 1st quarter. Private Advisor Group LLC now owns 61,052 shares of the real estate investment trust’s stock valued at $1,241,000 after purchasing an additional 13,022 shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in Starwood Property Trust in the 1st quarter valued at approximately $851,000. 49.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STWD has been the subject of several research analyst reports. Wells Fargo & Company raised their price objective on Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. JPMorgan Chase & Co. increased their target price on Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a report on Tuesday, July 16th. BTIG Research reiterated a “buy” rating and set a $24.00 target price on shares of Starwood Property Trust in a report on Friday, July 19th. Finally, Keefe, Bruyette & Woods upgraded Starwood Property Trust from a “market perform” rating to an “outperform” rating and increased their target price for the company from $20.50 to $22.50 in a report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.36.

Starwood Property Trust Price Performance

STWD stock opened at $19.74 on Friday. Starwood Property Trust, Inc. has a 52-week low of $17.57 and a 52-week high of $22.29. The stock’s fifty day simple moving average is $20.21 and its 200-day simple moving average is $19.76. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 2.80. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 18.11 and a beta of 1.70.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. Starwood Property Trust had a return on equity of 10.03% and a net margin of 17.05%. The business had revenue of $489.80 million for the quarter, compared to analysts’ expectations of $505.23 million. During the same quarter last year, the firm earned $0.47 earnings per share. The business’s revenue was down 5.0% on a year-over-year basis. Equities research analysts expect that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

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.