Valley Wealth Managers Inc. Acquires 238,994 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Valley Wealth Managers Inc. boosted its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 30.3% during the third quarter, Holdings Channel reports. The institutional investor owned 1,026,455 shares of the real estate investment trust’s stock after buying an additional 238,994 shares during the period. Starwood Property Trust comprises approximately 1.5% of Valley Wealth Managers Inc.’s investment portfolio, making the stock its 20th biggest position. Valley Wealth Managers Inc.’s holdings in Starwood Property Trust were worth $20,919,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Artemis Investment Management LLP acquired a new stake in shares of Starwood Property Trust during the third quarter worth $9,580,000. International Assets Investment Management LLC grew its stake in Starwood Property Trust by 2,414.3% during the third quarter. International Assets Investment Management LLC now owns 476,586 shares of the real estate investment trust’s stock valued at $9,713,000 after acquiring an additional 457,631 shares in the last quarter. Lighthouse Investment Partners LLC bought a new stake in Starwood Property Trust during the second quarter valued at approximately $5,455,000. Van ECK Associates Corp raised its holdings in Starwood Property Trust by 27.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,313,824 shares of the real estate investment trust’s stock valued at $26,106,000 after buying an additional 279,793 shares during the last quarter. Finally, Blue Owl Capital Holdings LP purchased a new position in Starwood Property Trust during the 2nd quarter valued at $4,289,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Price Performance

STWD traded up $0.08 during trading on Friday, reaching $19.64. 79,899 shares of the stock were exchanged, compared to its average volume of 2,310,938. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79. Starwood Property Trust, Inc. has a 1 year low of $18.43 and a 1 year high of $22.29. The business’s 50 day moving average price is $20.01 and its two-hundred day moving average price is $19.78. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 16.72 and a beta of 1.70.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.05. The company had revenue of $479.50 million during the quarter, compared to the consensus estimate of $488.63 million. Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The company’s revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 earnings per share. As a group, equities research analysts anticipate that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on STWD. Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and upped their target price for the company from $20.50 to $22.50 in a research note on Thursday, September 5th. 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 research note on Thursday, November 7th. Wells Fargo & Company upped 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. JPMorgan Chase & Co. cut their price objective on shares of Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Finally, BTIG Research restated a “buy” rating and issued a $24.00 price objective on shares of Starwood Property Trust in a research report on Friday, July 19th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.38.

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.