Oppenheimer & Co. Inc. Has $1.73 Million Stake in Starwood Property Trust, Inc. (NYSE:STWD)

Oppenheimer & Co. Inc. increased its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 47.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,700 shares of the real estate investment trust's stock after purchasing an additional 27,431 shares during the period. Oppenheimer & Co. Inc.'s holdings in Starwood Property Trust were worth $1,726,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Aigen Investment Management LP lifted its position in Starwood Property Trust by 11.6% in the third quarter. Aigen Investment Management LP now owns 47,693 shares of the real estate investment trust's stock worth $972,000 after purchasing an additional 4,968 shares during the period. Prime Capital Investment Advisors LLC raised its stake in shares of Starwood Property Trust by 11.9% in the third quarter. Prime Capital Investment Advisors LLC now owns 14,468 shares of the real estate investment trust's stock valued at $295,000 after acquiring an additional 1,537 shares during the last quarter. Entropy Technologies LP bought a new position in Starwood Property Trust in the 3rd quarter worth approximately $233,000. Apollon Wealth Management LLC raised its position in shares of Starwood Property Trust by 7.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 71,544 shares of the real estate investment trust's stock valued at $1,458,000 after acquiring an additional 5,052 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of Starwood Property Trust by 2.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 477,036 shares of the real estate investment trust's stock valued at $9,722,000 after buying an additional 10,865 shares during the period. Hedge funds and other institutional investors own 49.82% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on STWD shares. JPMorgan Chase & Co. cut their price target 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. JMP Securities reduced their price target on shares of Starwood Property Trust from $24.00 to $23.00 and set a "market outperform" rating for the company in a report on Thursday, November 7th. Wells Fargo & Company boosted their price target on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an "outperform" rating in a report on Friday, September 20th. 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 note on Friday. Finally, Keefe, Bruyette & Woods raised shares of Starwood Property Trust from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $20.50 to $22.50 in a report on Thursday, September 5th. Three 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $22.25.

Starwood Property Trust Price Performance

STWD stock traded up $0.11 during trading on Monday, hitting $19.58. The stock had a trading volume of 530,632 shares, compared to its average volume of 2,312,943. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market cap of $6.60 billion, a price-to-earnings ratio of 16.64 and a beta of 1.70. The company's 50 day moving average price is $20.01 and its two-hundred day moving average price is $19.79. 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 announced its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the company posted $0.46 EPS. Starwood Property Trust's quarterly revenue was down 8.1% on a year-over-year basis. On average, sell-side analysts forecast that Starwood Property Trust, Inc. will post 1.89 EPS for the current fiscal year.

About Starwood Property Trust

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.