Geode Capital Management LLC Boosts Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Geode Capital Management LLC boosted its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 8.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,345,000 shares of the real estate investment trust’s stock after buying an additional 399,672 shares during the quarter. Geode Capital Management LLC owned 1.59% of Starwood Property Trust worth $108,960,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Altshuler Shaham Ltd purchased a new position in shares of Starwood Property Trust in the 2nd quarter valued at about $28,000. Future Financial Wealth Managment LLC acquired a new stake in Starwood Property Trust during the third quarter worth approximately $34,000. Quarry LP acquired a new position in shares of Starwood Property Trust in the 2nd quarter valued at $36,000. Godsey & Gibb Inc. purchased a new position in shares of Starwood Property Trust in the 3rd quarter valued at $41,000. Finally, Fifth Third Bancorp raised its stake in Starwood Property Trust by 26.0% during the 2nd quarter. Fifth Third Bancorp now owns 2,572 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 531 shares in the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Down 3.4 %

STWD opened at $19.17 on Thursday. The business has a 50 day simple moving average of $19.90 and a 200-day simple moving average of $19.83. Starwood Property Trust, Inc. has a 12 month low of $18.43 and a 12 month high of $22.29. The stock has a market capitalization of $6.46 billion, a P/E ratio of 16.38 and a beta of 1.69. 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 (NYSE:STWD) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. The company had revenue of $479.50 million for the quarter, compared to analyst estimates of $488.63 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The business’s revenue was down 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. On average, equities analysts anticipate that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

STWD has been the subject of several research analyst reports. JMP Securities decreased 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. UBS Group boosted their price target on Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. decreased their price objective on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Keefe, Bruyette & Woods raised Starwood Property Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $20.50 to $22.50 in a report on Thursday, September 5th. Finally, Wells Fargo & Company increased their price target on Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Starwood Property Trust has an average rating of “Moderate Buy” and an average price target of $22.25.

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.