Bank of New York Mellon Corp Boosts Stock Position in Starwood Property Trust, Inc. (NYSE:STWD)

Bank of New York Mellon Corp grew its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,669,827 shares of the real estate investment trust’s stock after acquiring an additional 10,979 shares during the quarter. Bank of New York Mellon Corp owned 0.79% of Starwood Property Trust worth $50,593,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Albion Financial Group UT bought a new position in Starwood Property Trust in the 4th quarter valued at approximately $28,000. Brooklyn Investment Group lifted its position in Starwood Property Trust by 86.1% during the fourth quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 730 shares during the period. UMB Bank n.a. raised its stake in Starwood Property Trust by 69.7% during the 4th quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 717 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of Starwood Property Trust in the 3rd quarter worth $55,000. Finally, Covestor Ltd lifted its holdings in Starwood Property Trust by 23.6% in the third quarter. Covestor Ltd now owns 5,959 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 1,137 shares during the period. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on STWD shares. JPMorgan Chase & Co. reduced their target price on shares of Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Keefe, Bruyette & Woods lowered their target price 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. JMP Securities cut their price target on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a report on Thursday, November 7th. Finally, UBS Group upped their target price on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.21.

Starwood Property Trust Stock Performance

NYSE:STWD opened at $20.12 on Thursday. 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 stock has a market capitalization of $6.78 billion, a PE ratio of 17.19 and a beta of 1.69. 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 fifty day moving average of $19.44 and a two-hundred day moving average of $19.82.

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.