National Bank of Canada FI Trims Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

National Bank of Canada FI trimmed its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 94.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,509 shares of the real estate investment trust's stock after selling 62,086 shares during the period. National Bank of Canada FI's holdings in Starwood Property Trust were worth $72,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in STWD. Altshuler Shaham Ltd acquired a new position in Starwood Property Trust in the second quarter valued at approximately $28,000. Future Financial Wealth Managment LLC purchased a new position in shares of Starwood Property Trust during the 3rd quarter valued at approximately $34,000. Quarry LP acquired a new position in shares of Starwood Property Trust in the 2nd quarter valued at $36,000. Godsey & Gibb Inc. purchased a new stake in Starwood Property Trust during the third quarter worth $41,000. Finally, Fifth Third Bancorp grew its position in Starwood Property Trust by 26.0% during 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 hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of 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. Keefe, Bruyette & Woods raised Starwood Property Trust from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $20.50 to $22.50 in a report on Thursday, September 5th. UBS Group raised their price objective on Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a report on Friday, November 15th. 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, Wells Fargo & Company increased their target price 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. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $22.25.

Starwood Property Trust Price Performance

Shares of Starwood Property Trust stock traded down $0.68 during mid-day trading on Wednesday, reaching $19.17. 5,109,075 shares of the stock traded hands, compared to its average volume of 2,271,092. The stock has a market capitalization of $6.46 billion, a PE ratio of 16.38 and a beta of 1.69. The business has a 50-day moving average of $19.90 and a 200 day moving average of $19.83. Starwood Property Trust, Inc. has a fifty-two week low of $18.43 and a fifty-two week high of $22.29. 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 (NYSE:STWD - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 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 during the quarter, compared to the consensus estimate of $488.63 million. During the same period in the prior year, the company earned $0.46 EPS. The firm's revenue was down 8.1% compared to the same quarter last year. On average, analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

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.