Charles Schwab Investment Management Inc. Buys 116,182 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Charles Schwab Investment Management Inc. lifted its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 5.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,109,988 shares of the real estate investment trust’s stock after buying an additional 116,182 shares during the period. Charles Schwab Investment Management Inc. owned about 0.63% of Starwood Property Trust worth $43,002,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in STWD. Price T Rowe Associates Inc. MD grew its holdings in shares of Starwood Property Trust by 5.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 177,957 shares of the real estate investment trust’s stock worth $3,618,000 after purchasing an additional 9,208 shares in the last quarter. Cetera Investment Advisers increased its holdings in Starwood Property Trust by 70.0% in the 1st quarter. Cetera Investment Advisers now owns 334,893 shares of the real estate investment trust’s stock valued at $6,808,000 after buying an additional 137,923 shares during the period. Cetera Advisors LLC increased its holdings in Starwood Property Trust by 236.4% in the 1st quarter. Cetera Advisors LLC now owns 126,267 shares of the real estate investment trust’s stock valued at $2,567,000 after buying an additional 88,731 shares during the period. GAMMA Investing LLC raised its stake in shares of Starwood Property Trust by 54.1% in the 2nd quarter. GAMMA Investing LLC now owns 2,263 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 794 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new position in shares of Starwood Property Trust during the 2nd quarter worth about $230,000. 49.82% of the stock is owned by institutional investors and hedge funds.

Starwood Property Trust Price Performance

Starwood Property Trust stock opened at $20.37 on Monday. The business’s fifty day moving average is $19.96 and its two-hundred day moving average is $19.80. 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 market cap of $6.87 billion, a P/E ratio of 17.41 and a beta of 1.70. Starwood Property Trust, Inc. has a 52 week low of $18.43 and a 52 week high of $22.29.

Starwood Property Trust (NYSE:STWD) 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. The business had revenue of $479.50 million for the quarter, compared to the consensus estimate of $488.63 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 EPS. Equities research analysts forecast that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

STWD has been the topic of a number of analyst reports. 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 research note on Thursday, November 7th. Wells Fargo & Company upped their price objective on 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 cut their target price on 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. UBS Group upped their price target 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. Finally, Keefe, Bruyette & Woods raised Starwood Property Trust from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $20.50 to $22.50 in a report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company 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.