Oppenheimer & Co. Inc. reduced its position in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 41.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,565 shares of the real estate investment trust's stock after selling 35,135 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Starwood Property Trust were worth $939,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Geode Capital Management LLC grew its stake in shares of Starwood Property Trust by 8.1% in the third quarter. Geode Capital Management LLC now owns 5,345,000 shares of the real estate investment trust's stock worth $108,960,000 after acquiring an additional 399,672 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Starwood Property Trust by 0.4% in the fourth quarter. Bank of New York Mellon Corp now owns 2,669,827 shares of the real estate investment trust's stock worth $50,593,000 after acquiring an additional 10,979 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Starwood Property Trust by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,109,988 shares of the real estate investment trust's stock worth $43,002,000 after acquiring an additional 116,182 shares during the period. HighTower Advisors LLC grew its stake in shares of Starwood Property Trust by 9.6% in the third quarter. HighTower Advisors LLC now owns 1,725,473 shares of the real estate investment trust's stock worth $35,170,000 after acquiring an additional 150,576 shares during the period. Finally, Leeward Investments LLC MA bought a new stake in shares of Starwood Property Trust in the fourth quarter worth approximately $24,791,000. 49.82% of the stock is currently owned by institutional investors.
Starwood Property Trust Price Performance
NYSE:STWD traded up $0.49 during trading hours on Friday, hitting $20.55. 2,664,002 shares of the stock traded hands, compared to its average volume of 2,138,680. 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 1 year low of $18.12 and a 1 year high of $21.17. The company has a market cap of $6.93 billion, a price-to-earnings ratio of 17.56 and a beta of 1.68. The stock has a 50 day moving average price of $19.49 and a 200 day moving average price of $19.83.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods cut their target price on shares of Starwood Property Trust from $22.50 to $22.00 and set an "outperform" rating for the company in a research report on Tuesday, January 14th. UBS Group boosted their target price on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. cut their target price on shares of Starwood Property Trust from $20.00 to $19.50 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Two equities research 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, Starwood Property Trust currently has an average rating of "Moderate Buy" and an average target price of $22.21.
Check Out Our Latest Analysis on Starwood Property Trust
Starwood Property Trust Profile
(
Free Report)
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.
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