Second Half Financial Partners LLC Reduces Position in Starwood Property Trust, Inc. (NYSE:STWD)

Second Half Financial Partners LLC lessened its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 47.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,424 shares of the real estate investment trust's stock after selling 141,819 shares during the quarter. Starwood Property Trust comprises 1.7% of Second Half Financial Partners LLC's investment portfolio, making the stock its 16th biggest holding. Second Half Financial Partners LLC's holdings in Starwood Property Trust were worth $3,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in STWD. Allspring Global Investments Holdings LLC bought a new stake in Starwood Property Trust during the 1st quarter valued at $26,000. Kingsview Wealth Management LLC raised its holdings in shares of Starwood Property Trust by 38.2% in the 1st quarter. Kingsview Wealth Management LLC now owns 16,142 shares of the real estate investment trust's stock worth $328,000 after acquiring an additional 4,460 shares during the last quarter. MQS Management LLC bought a new position in Starwood Property Trust in the 1st quarter valued at about $248,000. Crewe Advisors LLC acquired a new position in Starwood Property Trust during the 1st quarter valued at about $183,000. Finally, Truvestments Capital LLC increased its holdings in Starwood Property Trust by 11.4% during the 1st quarter. Truvestments Capital LLC now owns 138,326 shares of the real estate investment trust's stock worth $2,812,000 after purchasing an additional 14,165 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Stock Performance

NYSE STWD traded up $0.19 during trading hours on Tuesday, reaching $19.75. 1,352,486 shares of the company were exchanged, compared to its average volume of 2,312,490. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. The stock has a market capitalization of $6.66 billion, a P/E ratio of 16.72 and a beta of 1.70. 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 $20.01 and its 200-day simple moving average is $19.79.

Starwood Property Trust (NYSE:STWD - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $479.50 million during the quarter, compared to analyst estimates of $488.63 million. During the same quarter last year, the business posted $0.46 EPS. Starwood Property Trust's quarterly revenue was down 8.1% compared to the same quarter last year. On average, equities research analysts expect that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

STWD has been the topic of several analyst reports. UBS Group lifted their target price on Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research report on Friday. JMP Securities cut their price objective on shares of Starwood Property Trust from $24.00 to $23.00 and set a "market outperform" rating on the stock in a report on Thursday, November 7th. Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $20.50 to $22.50 in a research note on Thursday, September 5th. Wells Fargo & Company raised their price target on shares of Starwood Property Trust from $22.00 to $24.00 and gave the company an "outperform" rating in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. reduced 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. Three 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.25.

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.