Y Intercept Hong Kong Ltd bought 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 Form 13F filing with the Securities & Exchange Commission. The firm bought 24,842 shares of the real estate investment trust's stock, valued at approximately $506,000.
A number of other institutional investors have also bought and sold shares of the company. Altshuler Shaham Ltd acquired a new stake in Starwood Property Trust in the second quarter valued at approximately $28,000. Future Financial Wealth Managment LLC bought a new position in shares of Starwood Property Trust in the third quarter valued at $34,000. Quarry LP acquired a new position in shares of Starwood Property Trust during the second quarter valued at about $36,000. Godsey & Gibb Inc. acquired a new position in Starwood Property Trust during the 3rd quarter valued at about $41,000. Finally, Fifth Third Bancorp lifted its holdings in shares of 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 valued at $49,000 after purchasing an additional 531 shares in the last quarter. Institutional investors own 49.82% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on STWD shares. UBS Group raised 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. reduced 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 report on Thursday, November 7th. Wells Fargo & Company lifted their target price on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an "outperform" rating in a research note on Friday, September 20th. JMP Securities dropped their target price on Starwood Property Trust from $24.00 to $23.00 and set a "market outperform" rating on the stock in a research report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods upgraded Starwood Property Trust from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $20.50 to $22.50 in a research note on Thursday, September 5th. 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's stock. Based on data from MarketBeat.com, Starwood Property Trust has an average rating of "Moderate Buy" and an average target price of $22.25.
Check Out Our Latest Analysis on Starwood Property Trust
Starwood Property Trust Trading Up 0.2 %
Starwood Property Trust stock traded up $0.04 during trading hours on Monday, reaching $20.18. The company had a trading volume of 1,561,537 shares, compared to its average volume of 2,260,076. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79. Starwood Property Trust, Inc. has a 12-month low of $18.43 and a 12-month high of $22.29. The company has a 50-day moving average price of $19.91 and a 200 day moving average price of $19.83. The firm has a market cap of $6.80 billion, a price-to-earnings ratio of 17.25 and a beta of 1.69.
Starwood Property Trust (NYSE:STWD - Get Free Report) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.05. The company had revenue of $479.50 million during 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 revenue for the quarter was down 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share. Equities analysts forecast that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.
Starwood Property Trust Profile
(
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.
Read More
Before you consider Starwood Property Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Starwood Property Trust wasn't on the list.
While Starwood Property Trust currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.