Starwood Property Trust, Inc. (NYSE:STWD) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 734,054 shares of the real estate investment trust’s stock after selling 610 shares during the period. Principal Financial Group Inc. owned 0.22% of Starwood Property Trust worth $13,910,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D boosted its stake in Starwood Property Trust by 2.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 486,799 shares of the real estate investment trust’s stock valued at $9,225,000 after acquiring an additional 9,763 shares during the period. Allworth Financial LP boosted its stake in Starwood Property Trust by 23.0% in the fourth quarter. Allworth Financial LP now owns 7,335 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 1,370 shares during the period. Principal Securities Inc. boosted its stake in Starwood Property Trust by 5.0% in the fourth quarter. Principal Securities Inc. now owns 18,983 shares of the real estate investment trust’s stock valued at $360,000 after acquiring an additional 905 shares during the period. New York State Teachers Retirement System boosted its position in shares of Starwood Property Trust by 1.2% during the fourth quarter. New York State Teachers Retirement System now owns 139,366 shares of the real estate investment trust’s stock worth $2,641,000 after buying an additional 1,698 shares during the period. Finally, GFG Capital LLC boosted its position in shares of Starwood Property Trust by 44.6% during the fourth quarter. GFG Capital LLC now owns 35,205 shares of the real estate investment trust’s stock worth $667,000 after buying an additional 10,854 shares during the period. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

STWD has been the subject of several analyst reports. JMP Securities reduced 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 report on Thursday, November 7th. JPMorgan Chase & Co. reduced their price objective on Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. UBS Group boosted their price objective on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Finally, Keefe, Bruyette & Woods reduced their price objective on Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.13.

Starwood Property Trust Price Performance

Shares of NYSE:STWD opened at $20.01 on Thursday. Starwood Property Trust, Inc. has a 12 month low of $18.12 and a 12 month high of $21.17. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 17.10 and a beta of 1.69. The stock’s 50 day moving average price is $19.37 and its 200 day moving average price is $19.80. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79.

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.