Kestra Investment Management LLC Acquires New Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Kestra Investment Management LLC bought a new position in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 110,380 shares of the real estate investment trust's stock, valued at approximately $2,250,000.

Other hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in shares of Starwood Property Trust by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 177,957 shares of the real estate investment trust's stock worth $3,618,000 after acquiring an additional 9,208 shares during the period. Cetera Investment Advisers raised its holdings in Starwood Property Trust by 70.0% in the 1st quarter. Cetera Investment Advisers now owns 334,893 shares of the real estate investment trust's stock worth $6,808,000 after purchasing an additional 137,923 shares during the period. Cetera Advisors LLC raised its holdings in Starwood Property Trust by 236.4% in the 1st quarter. Cetera Advisors LLC now owns 126,267 shares of the real estate investment trust's stock worth $2,567,000 after purchasing an additional 88,731 shares during the period. GAMMA Investing LLC grew its holdings in Starwood Property Trust by 54.1% in the second quarter. GAMMA Investing LLC now owns 2,263 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 794 shares during the period. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of Starwood Property Trust in the second quarter valued at approximately $230,000. Hedge funds and other institutional investors own 49.82% of the company's stock.

Starwood Property Trust Price Performance

Shares of Starwood Property Trust stock traded up $0.07 on Friday, hitting $20.37. 915,212 shares of the company were exchanged, compared to its average volume of 2,209,496. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. The company has a 50-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 for the quarter, topping 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 company had revenue of $479.50 million for the quarter, compared to analyst estimates of $488.63 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The firm's revenue for the quarter was down 8.1% compared to the same quarter last year. As a group, sell-side analysts predict that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on STWD. JMP Securities decreased their target price on Starwood Property Trust from $24.00 to $23.00 and set a "market outperform" rating on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. dropped their target price on shares of 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. UBS Group boosted their target price on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a research note on Friday, November 15th. Wells Fargo & Company raised their price target on shares of Starwood Property Trust from $22.00 to $24.00 and gave the company an "outperform" rating in a research note on Friday, September 20th. Finally, Keefe, Bruyette & Woods upgraded Starwood Property Trust from a "market perform" rating to an "outperform" rating and boosted their price objective 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Starwood Property Trust currently has an average rating of "Moderate Buy" and an average target price 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.