JPMorgan Chase & Co. Has $87.85 Million Stock Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

JPMorgan Chase & Co. lessened its holdings in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 15.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,310,392 shares of the real estate investment trust's stock after selling 775,291 shares during the period. JPMorgan Chase & Co. owned 1.28% of Starwood Property Trust worth $87,846,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its stake in shares of Starwood Property Trust by 1.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 214,068 shares of the real estate investment trust's stock worth $4,054,000 after acquiring an additional 3,176 shares in the last quarter. Rhumbline Advisers grew its holdings in Starwood Property Trust by 0.4% during the second quarter. Rhumbline Advisers now owns 865,410 shares of the real estate investment trust's stock valued at $16,391,000 after purchasing an additional 3,259 shares during the last quarter. National Bank of Canada FI raised its position in shares of Starwood Property Trust by 1,138.8% in the second quarter. National Bank of Canada FI now owns 65,595 shares of the real estate investment trust's stock valued at $1,230,000 after purchasing an additional 60,300 shares during the period. Gentry Private Wealth LLC bought a new position in shares of Starwood Property Trust in the second quarter valued at approximately $283,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Starwood Property Trust in the second quarter worth $74,000. 49.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on STWD shares. Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $20.50 to $22.50 in a report on Thursday, September 5th. UBS Group raised 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. Wells Fargo & Company boosted their price objective 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 target price on 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. Finally, JPMorgan Chase & Co. dropped their price target on Starwood Property Trust from $20.50 to $20.00 and set an "overweight" rating on the stock in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $22.25.

Starwood Property Trust Stock Performance

Shares of STWD stock traded up $0.32 during mid-day trading on Friday, reaching $19.37. The stock had a trading volume of 2,468,916 shares, compared to its average volume of 2,368,508. The firm has a market cap of $6.53 billion, a PE ratio of 16.56 and a beta of 1.69. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. Starwood Property Trust, Inc. has a one year low of $18.43 and a one year high of $21.22. The firm's 50 day simple moving average is $19.73 and its 200 day simple moving average is $19.83.

Starwood Property Trust (NYSE:STWD - Get Free Report) 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. 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 during the quarter, compared to analysts' expectations of $488.63 million. During the same period last year, the business earned $0.46 earnings per share. Starwood Property Trust's quarterly revenue was down 8.1% compared to the same quarter last year. On average, analysts forecast that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.91%. The ex-dividend date is Tuesday, December 31st. Starwood Property Trust's dividend payout ratio is 164.10%.

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.