Adell Harriman & Carpenter Inc. reduced its holdings in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 296,474 shares of the real estate investment trust's stock after selling 12,715 shares during the quarter. Adell Harriman & Carpenter Inc. owned approximately 0.09% of Starwood Property Trust worth $5,618,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Albion Financial Group UT bought a new position in Starwood Property Trust in the 4th quarter worth about $28,000. Brooklyn Investment Group grew its holdings in Starwood Property Trust by 86.1% in the 4th quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust's stock worth $30,000 after buying an additional 730 shares in the last quarter. UMB Bank n.a. increased its position in Starwood Property Trust by 69.7% in the 4th quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 717 shares during the period. Godsey & Gibb Inc. bought a new stake in Starwood Property Trust during the 3rd quarter valued at $41,000. Finally, Point72 DIFC Ltd acquired a new position in Starwood Property Trust during the 3rd quarter worth $55,000. 49.82% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on STWD shares. JPMorgan Chase & Co. cut their price objective on shares of 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 reduced their price target on shares of Starwood Property Trust from $22.50 to $22.00 and set an "outperform" rating for the company in a research note on Tuesday, January 14th. JMP Securities lowered their price objective on shares of Starwood Property Trust from $24.00 to $23.00 and set a "market outperform" rating on the stock in a research note on Thursday, November 7th. Finally, UBS Group boosted their target price on Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a report on Friday, November 15th. 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.13.
Check Out Our Latest Research Report on STWD
Starwood Property Trust Trading Up 0.4 %
Shares of NYSE:STWD traded up $0.08 during midday trading on Wednesday, reaching $20.03. The company had a trading volume of 1,684,643 shares, compared to its average volume of 2,020,567. The company has a fifty day simple moving average of $19.36 and a two-hundred day simple moving average of $19.78. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 17.12 and a beta of 1.69. Starwood Property Trust, Inc. has a 1-year low of $18.12 and a 1-year high of $21.17.
About Starwood Property Trust
(
Free Report)
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.
Further Reading
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