UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 78.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 891,734 shares of the real estate investment trust's stock after purchasing an additional 390,787 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.26% of Starwood Property Trust worth $18,174,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. FORA Capital LLC bought a new position in Starwood Property Trust in the 3rd quarter valued at $787,000. MetLife Investment Management LLC grew its position in Starwood Property Trust by 3.8% during the third quarter. MetLife Investment Management LLC now owns 164,012 shares of the real estate investment trust's stock valued at $3,343,000 after buying an additional 6,019 shares during the period. BNP Paribas Financial Markets increased its holdings in Starwood Property Trust by 147.2% during the third quarter. BNP Paribas Financial Markets now owns 225,245 shares of the real estate investment trust's stock worth $4,590,000 after buying an additional 134,121 shares during the last quarter. FMR LLC raised its position in Starwood Property Trust by 6.4% in the third quarter. FMR LLC now owns 41,781 shares of the real estate investment trust's stock worth $851,000 after acquiring an additional 2,503 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in Starwood Property Trust by 3.1% in the third quarter. D.A. Davidson & CO. now owns 59,350 shares of the real estate investment trust's stock valued at $1,210,000 after acquiring an additional 1,808 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors.
Starwood Property Trust Price Performance
Shares of STWD stock traded up $0.11 on Friday, reaching $20.08. The company's stock had a trading volume of 1,246,564 shares, compared to its average volume of 1,901,744. The company has a market capitalization of $6.77 billion, a P/E ratio of 17.16 and a beta of 1.69. Starwood Property Trust, Inc. has a 12-month low of $18.43 and a 12-month high of $22.29. The stock's 50 day simple moving average is $19.89 and its 200-day simple moving average is $19.78. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61.
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, beating analysts' consensus estimates of $0.43 by $0.05. The firm had revenue of $479.50 million during the quarter, compared to the consensus estimate of $488.63 million. Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The company's revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter last year, the company posted $0.46 EPS. As a group, equities analysts predict that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
STWD has been the subject of several research analyst reports. JMP Securities decreased 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 research note on Thursday, November 7th. UBS Group increased their target price on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a research report on Friday, November 15th. Wells Fargo & Company boosted 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. Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a "market perform" rating to an "outperform" rating and upped their price target for the company from $20.50 to $22.50 in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Starwood Property Trust from $20.50 to $20.00 and set an "overweight" rating on the stock in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $22.25.
View Our Latest Report on STWD
About Starwood Property Trust
(
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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