Fisher Asset Management LLC Invests $711,000 in Starwood Property Trust, Inc. (NYSE:STWD)

Fisher Asset Management LLC acquired a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 34,882 shares of the real estate investment trust's stock, valued at approximately $711,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in STWD. Summit Trail Advisors LLC lifted its stake in Starwood Property Trust by 3.1% in the third quarter. Summit Trail Advisors LLC now owns 25,015 shares of the real estate investment trust's stock valued at $522,000 after buying an additional 760 shares in the last quarter. Centaurus Financial Inc. raised its holdings in shares of Starwood Property Trust by 5.8% during the third quarter. Centaurus Financial Inc. now owns 63,802 shares of the real estate investment trust's stock worth $1,300,000 after acquiring an additional 3,525 shares during the period. Penserra Capital Management LLC lifted its position in Starwood Property Trust by 17.2% in the 3rd quarter. Penserra Capital Management LLC now owns 78,693 shares of the real estate investment trust's stock valued at $1,603,000 after acquiring an additional 11,560 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in Starwood Property Trust by 6.0% in the 3rd quarter. Kingsview Wealth Management LLC now owns 14,474 shares of the real estate investment trust's stock worth $295,000 after purchasing an additional 821 shares during the period. Finally, Cerity Partners LLC increased its holdings in Starwood Property Trust by 82.6% during the 3rd quarter. Cerity Partners LLC now owns 59,969 shares of the real estate investment trust's stock worth $1,222,000 after purchasing an additional 27,121 shares in the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.

Starwood Property Trust Stock Performance

Shares of Starwood Property Trust stock traded up $0.07 during trading on Friday, hitting $20.37. 915,212 shares of the stock were exchanged, compared to its average volume of 2,209,496. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61. The company has a fifty day moving average price of $19.96 and a 200-day moving average price of $19.80. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 17.41 and a beta of 1.70. Starwood Property Trust, Inc. has a 1-year low of $18.43 and a 1-year high of $22.29.

Starwood Property Trust (NYSE:STWD - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The firm had revenue of $479.50 million for the quarter, compared to analyst estimates of $488.63 million. During the same quarter in the prior year, the company earned $0.46 earnings per share. The business's revenue for the quarter was down 8.1% compared to the same quarter last year. As a group, equities analysts predict that Starwood Property Trust, Inc. will post 1.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on STWD. JPMorgan Chase & Co. reduced 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. Wells Fargo & Company upped their price target on Starwood Property Trust from $22.00 to $24.00 and gave the stock an "outperform" rating in a research report on Friday, September 20th. 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 report on Thursday, November 7th. Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $20.50 to $22.50 in a report on Thursday, September 5th. Finally, UBS Group lifted their price target on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research note on Friday, November 15th. Three research 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $22.25.

Starwood Property Trust Company 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.