Starwood Property Trust, Inc. (NYSE:STWD) Shares Sold by Holocene Advisors LP

Holocene Advisors LP lessened its stake in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 35.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,695 shares of the real estate investment trust's stock after selling 46,481 shares during the period. Holocene Advisors LP's holdings in Starwood Property Trust were worth $1,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in STWD. Charles Schwab Investment Management Inc. increased its holdings in shares of Starwood Property Trust by 5.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,109,988 shares of the real estate investment trust's stock valued at $43,002,000 after acquiring an additional 116,182 shares during the period. BNP Paribas Financial Markets grew its position in Starwood Property Trust by 147.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 225,245 shares of the real estate investment trust's stock worth $4,590,000 after purchasing an additional 134,121 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Starwood Property Trust by 66.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 224,962 shares of the real estate investment trust's stock valued at $4,585,000 after purchasing an additional 90,046 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of Starwood Property Trust in the third quarter valued at about $2,250,000. Finally, Quest Partners LLC boosted its stake in shares of Starwood Property Trust by 128.7% during the third quarter. Quest Partners LLC now owns 66,724 shares of the real estate investment trust's stock worth $1,360,000 after buying an additional 37,554 shares during the period. Hedge funds and other institutional investors own 49.82% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on STWD. Wells Fargo & Company boosted their price target on Starwood Property Trust from $22.00 to $24.00 and gave the company an "outperform" rating in a research report on Friday, September 20th. UBS Group upped their price target on Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a research note on Friday, November 15th. JPMorgan Chase & Co. decreased their price target on Starwood Property Trust from $20.50 to $20.00 and set an "overweight" rating for the company in a report on Thursday, November 7th. JMP Securities cut 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 report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $20.50 to $22.50 in a research note on Thursday, September 5th. Three investment 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $22.25.

Starwood Property Trust Price Performance

Shares of NYSE STWD traded up $0.11 during trading on Friday, hitting $20.08. 1,246,564 shares of the company were exchanged, compared to its average volume of 1,901,744. 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 company has a market cap of $6.77 billion, a price-to-earnings ratio of 17.16 and a beta of 1.69. The firm's fifty day moving average price is $19.89 and its 200 day moving average price is $19.78.

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 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.05. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The firm had revenue of $479.50 million for the quarter, compared to the consensus estimate of $488.63 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The firm's revenue was down 8.1% on a year-over-year basis. On average, sell-side analysts expect that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current fiscal year.

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.