Stifel Financial Corp Raises Stock Position in Starwood Property Trust, Inc. (NYSE:STWD)

Stifel Financial Corp boosted its position in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 18.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 395,955 shares of the real estate investment trust's stock after acquiring an additional 61,276 shares during the period. Stifel Financial Corp owned 0.12% of Starwood Property Trust worth $8,070,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of STWD. Altshuler Shaham Ltd purchased a new stake in Starwood Property Trust in the second quarter worth $28,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Starwood Property Trust in the 3rd quarter worth about $34,000. Quarry LP bought a new stake in shares of Starwood Property Trust during the 2nd quarter valued at about $36,000. Godsey & Gibb Inc. purchased a new position in shares of Starwood Property Trust during the third quarter valued at about $41,000. Finally, Fifth Third Bancorp raised its stake in Starwood Property Trust by 26.0% in the second quarter. Fifth Third Bancorp now owns 2,572 shares of the real estate investment trust's stock worth $49,000 after buying an additional 531 shares in the last quarter. Hedge funds and other institutional investors own 49.82% of the company's stock.

Analyst Ratings Changes

STWD has been the subject of a number of research reports. Wells Fargo & Company increased their price objective on 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 lifted their price target 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. JPMorgan Chase & Co. cut their price target on Starwood Property Trust from $20.50 to $20.00 and set an "overweight" rating on the stock in a research note on Thursday, November 7th. JMP Securities lowered their price objective on 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. Finally, Keefe, Bruyette & Woods upgraded Starwood Property Trust from a "market perform" rating to an "outperform" rating and raised their price target for the company from $20.50 to $22.50 in a report on Thursday, September 5th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Starwood Property Trust has a consensus rating of "Moderate Buy" and a consensus price target of $22.25.

Starwood Property Trust Stock Performance

Shares of NYSE STWD traded down $0.10 during midday trading on Friday, hitting $20.14. 1,292,986 shares of the stock traded hands, compared to its average volume of 2,262,974. The firm has a market capitalization of $6.79 billion, a P/E ratio of 17.21 and a beta of 1.69. Starwood Property Trust, Inc. has a one year low of $18.43 and a one year high of $22.29. 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 firm has a 50-day moving average of $19.90 and a two-hundred day moving average of $19.81.

Starwood Property Trust (NYSE:STWD - Get Free Report) last released its quarterly 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 business had revenue of $479.50 million during the quarter, compared to the consensus estimate of $488.63 million. During the same period in the previous year, the company posted $0.46 EPS. The business's quarterly revenue was down 8.1% compared to the same quarter last year. On average, equities 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.