New York State Common Retirement Fund Sells 10,300 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

New York State Common Retirement Fund reduced its position in Starwood Property Trust, Inc. (NYSE:STWD) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 143,807 shares of the real estate investment trust’s stock after selling 10,300 shares during the quarter. New York State Common Retirement Fund’s holdings in Starwood Property Trust were worth $2,725,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in Starwood Property Trust by 8.1% in the third quarter. Geode Capital Management LLC now owns 5,345,000 shares of the real estate investment trust’s stock valued at $108,960,000 after purchasing an additional 399,672 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Starwood Property Trust by 5.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,109,988 shares of the real estate investment trust’s stock valued at $43,002,000 after buying an additional 116,182 shares in the last quarter. HighTower Advisors LLC increased its position in Starwood Property Trust by 9.6% in the 3rd quarter. HighTower Advisors LLC now owns 1,725,473 shares of the real estate investment trust’s stock valued at $35,170,000 after buying an additional 150,576 shares in the last quarter. Van ECK Associates Corp raised its stake in Starwood Property Trust by 27.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,313,824 shares of the real estate investment trust’s stock worth $26,106,000 after buying an additional 279,793 shares during the period. Finally, Valley Wealth Managers Inc. boosted its holdings in Starwood Property Trust by 30.3% in the third quarter. Valley Wealth Managers Inc. now owns 1,026,455 shares of the real estate investment trust’s stock worth $20,919,000 after acquiring an additional 238,994 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on STWD. JMP Securities lowered 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. JPMorgan Chase & Co. lowered their price objective on shares of Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Keefe, Bruyette & Woods reduced their price objective on shares of Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating for the company in a report on Tuesday, January 14th. Finally, UBS Group upped their target price on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.13.

Starwood Property Trust Stock Up 1.8 %

STWD stock opened at $20.52 on Friday. Starwood Property Trust, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $21.17. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 17.54 and a beta of 1.69. The business’s 50 day moving average price is $19.41 and its two-hundred day moving average price is $19.82. 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 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.