Sanctuary Advisors LLC lessened its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 84.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,146 shares of the real estate investment trust's stock after selling 122,006 shares during the period. Sanctuary Advisors LLC's holdings in Starwood Property Trust were worth $428,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of Starwood Property Trust by 8.1% during the third quarter. Geode Capital Management LLC now owns 5,345,000 shares of the real estate investment trust's stock valued at $108,960,000 after buying an additional 399,672 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Starwood Property Trust by 5.8% during 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 purchasing an additional 116,182 shares during the period. HighTower Advisors LLC boosted its position in 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 valued at $35,170,000 after buying an additional 150,576 shares during the last quarter. Van ECK Associates Corp increased its holdings in Starwood Property Trust by 27.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,313,824 shares of the real estate investment trust's stock worth $26,106,000 after buying an additional 279,793 shares during the period. Finally, Valley Wealth Managers Inc. raised its position in Starwood Property Trust by 30.3% during the 3rd quarter. Valley Wealth Managers Inc. now owns 1,026,455 shares of the real estate investment trust's stock worth $20,919,000 after buying an additional 238,994 shares during the last quarter. Institutional investors and hedge funds own 49.82% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. UBS Group increased their price objective 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. Keefe, Bruyette & Woods decreased their price objective on Starwood Property Trust from $22.50 to $22.00 and set an "outperform" rating for the company in a report on Tuesday, January 14th. JMP Securities reduced their price target on 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, JPMorgan Chase & Co. lowered their price objective on Starwood Property Trust from $20.00 to $19.50 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating, five have assigned 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 presently has an average rating of "Moderate Buy" and an average price target of $22.21.
Check Out Our Latest Stock Analysis on Starwood Property Trust
Starwood Property Trust Price Performance
STWD stock traded down $0.26 during mid-day trading on Thursday, reaching $19.87. 632,127 shares of the company's stock were exchanged, compared to its average volume of 2,062,310. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 16.98 and a beta of 1.69. Starwood Property Trust, Inc. has a 12-month low of $18.12 and a 12-month high of $21.17. The stock's 50 day moving average is $19.44 and its 200 day moving average is $19.82. 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 Profile
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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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