Carson Advisory Inc. Sells 1,500 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Carson Advisory Inc. cut its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,057 shares of the real estate investment trust’s stock after selling 1,500 shares during the period. Carson Advisory Inc.’s holdings in Starwood Property Trust were worth $878,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in shares of Starwood Property Trust during the 1st quarter worth about $26,000. BNP Paribas Financial Markets boosted its holdings in Starwood Property Trust by 12.7% during the first quarter. BNP Paribas Financial Markets now owns 168,284 shares of the real estate investment trust’s stock valued at $3,421,000 after purchasing an additional 18,945 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Starwood Property Trust by 1.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 112,035 shares of the real estate investment trust’s stock valued at $2,278,000 after purchasing an additional 1,837 shares during the period. Texas Permanent School Fund Corp raised its holdings in shares of Starwood Property Trust by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 260,425 shares of the real estate investment trust’s stock worth $5,294,000 after buying an additional 3,486 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Starwood Property Trust by 7.2% during the 1st quarter. Oppenheimer & Co. Inc. now owns 52,308 shares of the real estate investment trust’s stock worth $1,063,000 after buying an additional 3,497 shares during the period. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Trading Up 0.1 %

Shares of NYSE STWD opened at $19.48 on Friday. Starwood Property Trust, Inc. has a 1-year low of $18.43 and a 1-year high of $22.29. The company has a 50-day moving average of $20.08 and a two-hundred day moving average of $19.78. The company has a market cap of $6.17 billion, a PE ratio of 16.65 and a beta of 1.70. The company has a current ratio of 1.79, a quick ratio of 1.84 and a debt-to-equity ratio of 2.61.

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 for the quarter, topping the consensus estimate of $0.44 by $0.04. The firm had revenue of $489.80 million during the quarter, compared to analysts’ expectations of $505.23 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. Starwood Property Trust’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.47 EPS. As a group, equities analysts expect that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on STWD shares. JMP Securities lowered their price target on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a research report on Thursday. Wells Fargo & Company increased their target price on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. reduced their price target on shares of 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 reaffirmed a “buy” rating and set a $24.00 price objective on shares of Starwood Property Trust in a research note on Friday, July 19th. Finally, Keefe, Bruyette & Woods upgraded shares of 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 given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Starwood Property Trust has a consensus rating of “Moderate Buy” and a consensus price target 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.