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

Geode Capital Management LLC lifted its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 8.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,345,000 shares of the real estate investment trust's stock after acquiring an additional 399,672 shares during the quarter. Geode Capital Management LLC owned approximately 1.59% of Starwood Property Trust worth $108,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Altshuler Shaham Ltd acquired a new stake in Starwood Property Trust during the 2nd quarter worth about $28,000. Future Financial Wealth Managment LLC bought a new stake in shares of Starwood Property Trust during the 3rd quarter valued at about $34,000. Quarry LP acquired a new stake in Starwood Property Trust during the second quarter worth approximately $36,000. Godsey & Gibb Inc. bought a new stake in Starwood Property Trust in the third quarter worth approximately $41,000. Finally, Fifth Third Bancorp lifted its stake in Starwood Property Trust by 26.0% in the second quarter. Fifth Third Bancorp now owns 2,572 shares of the real estate investment trust's stock valued at $49,000 after buying an additional 531 shares during the period. 49.82% of the stock is owned by institutional investors and hedge funds.

Starwood Property Trust Stock Down 0.6 %

STWD traded down $0.11 during midday trading on Thursday, reaching $19.06. 4,122,887 shares of the company were exchanged, compared to its average volume of 2,278,677. Starwood Property Trust, Inc. has a one year low of $18.43 and a one year high of $22.29. 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 company's fifty day moving average price is $19.90 and its 200 day moving average price is $19.83. The company has a market cap of $6.43 billion, a price-to-earnings ratio of 16.29 and a beta of 1.69.

Starwood Property Trust (NYSE:STWD - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $479.50 million during the quarter, compared to analyst estimates of $488.63 million. During the same period in the prior year, the firm posted $0.46 EPS. Starwood Property Trust's quarterly revenue was down 8.1% compared to the same quarter last year. As a group, analysts expect that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on STWD. Wells Fargo & Company raised 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 report on Friday, September 20th. Keefe, Bruyette & Woods raised shares of Starwood Property Trust from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $20.50 to $22.50 in a research note on Thursday, September 5th. JPMorgan Chase & Co. dropped 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. JMP Securities reduced their target price on 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. Finally, UBS Group increased their price target 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 equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $22.25.

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.