Verition Fund Management LLC Makes New $877,000 Investment in Starwood Property Trust, Inc. (NYSE:STWD)

Verition Fund Management LLC purchased a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 43,036 shares of the real estate investment trust's stock, valued at approximately $877,000.

Several other large investors also recently modified their holdings of STWD. SG Americas Securities LLC acquired a new position in Starwood Property Trust in the second quarter valued at about $487,000. SteelPeak Wealth LLC boosted its holdings in shares of Starwood Property Trust by 39.9% in the 2nd quarter. SteelPeak Wealth LLC now owns 24,831 shares of the real estate investment trust's stock worth $482,000 after acquiring an additional 7,081 shares in the last quarter. Neo Ivy Capital Management bought a new stake in Starwood Property Trust during the 2nd quarter worth approximately $922,000. Focus Financial Network Inc. increased its holdings in Starwood Property Trust by 10.9% during the 2nd quarter. Focus Financial Network Inc. now owns 24,219 shares of the real estate investment trust's stock valued at $493,000 after purchasing an additional 2,377 shares in the last quarter. Finally, GFG Capital LLC boosted its stake in Starwood Property Trust by 79.4% in the second quarter. GFG Capital LLC now owns 23,879 shares of the real estate investment trust's stock worth $452,000 after purchasing an additional 10,567 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors.

Starwood Property Trust Trading Down 0.3 %

NYSE:STWD traded down $0.07 during mid-day trading on Tuesday, hitting $20.24. The company had a trading volume of 1,305,399 shares, compared to its average volume of 2,273,244. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. Starwood Property Trust, Inc. has a fifty-two week low of $18.43 and a fifty-two week high of $22.29. The firm has a market cap of $6.82 billion, a P/E ratio of 17.30 and a beta of 1.69. The business's fifty day moving average is $19.89 and its two-hundred day moving average is $19.79.

Starwood Property Trust (NYSE:STWD - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.05. The business had revenue of $479.50 million for the quarter, compared to analyst estimates of $488.63 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. Starwood Property Trust's quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 EPS. As a group, research analysts expect that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on STWD shares. Keefe, Bruyette & Woods raised Starwood Property Trust from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $20.50 to $22.50 in a report on Thursday, September 5th. JPMorgan Chase & Co. dropped their target price on shares of Starwood Property Trust from $20.50 to $20.00 and set an "overweight" rating for the company in a research note on Thursday, November 7th. Wells Fargo & Company increased 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 note on Friday, September 20th. JMP Securities dropped 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 report on Thursday, November 7th. Finally, UBS Group increased their price objective on Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research report on Friday, November 15th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.