HighTower Advisors LLC Has $35.17 Million Position in Starwood Property Trust, Inc. (NYSE:STWD)

HighTower Advisors LLC grew its position in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 9.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,725,473 shares of the real estate investment trust's stock after buying an additional 150,576 shares during the quarter. HighTower Advisors LLC owned approximately 0.51% of Starwood Property Trust worth $35,170,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Altshuler Shaham Ltd purchased a new position in Starwood Property Trust during the 2nd quarter valued at about $28,000. Future Financial Wealth Managment LLC purchased a new position in Starwood Property Trust in the third quarter valued at about $34,000. Quarry LP acquired a new stake in shares of Starwood Property Trust during the 2nd quarter valued at about $36,000. Godsey & Gibb Inc. acquired a new stake in Starwood Property Trust in the third quarter valued at approximately $41,000. Finally, GAMMA Investing LLC increased its stake in shares of Starwood Property Trust by 54.1% during the 2nd quarter. GAMMA Investing LLC now owns 2,263 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 794 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JMP Securities reduced their price objective on shares of 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. JPMorgan Chase & Co. lowered their price objective on Starwood Property Trust from $20.50 to $20.00 and set an "overweight" rating on the stock in a report on Thursday, November 7th. Keefe, Bruyette & Woods upgraded Starwood Property Trust from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $20.50 to $22.50 in a report on Thursday, September 5th. Wells Fargo & Company increased their price target on Starwood Property Trust from $22.00 to $24.00 and gave the company an "outperform" rating in a report on Friday, September 20th. Finally, UBS Group boosted 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. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Starwood Property Trust has a consensus rating of "Moderate Buy" and an average price target of $22.25.

Starwood Property Trust Stock Performance

Shares of Starwood Property Trust stock traded up $0.11 during midday trading on Friday, hitting $20.08. The company had a trading volume of 1,241,378 shares, compared to its average volume of 2,277,240. The stock has a market cap of $6.77 billion, a PE ratio of 17.07 and a beta of 1.69. Starwood Property Trust, Inc. has a 1-year low of $18.43 and a 1-year high of $22.29. The business's 50 day simple moving average is $19.90 and its two-hundred day simple moving average is $19.78. 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 (NYSE:STWD - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.05. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The business had revenue of $479.50 million during the quarter, compared to analyst estimates of $488.63 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The firm's revenue for the quarter was down 8.1% on a year-over-year basis. As a group, equities analysts predict that Starwood Property Trust, Inc. will post 1.89 EPS for the current fiscal year.

Starwood Property Trust Company 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.