Proficio Capital Partners LLC Acquires Shares of 19,879 Starwood Property Trust, Inc. (NYSE:STWD)

Proficio Capital Partners LLC bought a new position in Starwood Property Trust, Inc. (NYSE:STWD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,879 shares of the real estate investment trust’s stock, valued at approximately $377,000.

Other institutional investors have also recently made changes to their positions in the company. Covestor Ltd boosted its stake in Starwood Property Trust by 23.6% during the 3rd quarter. Covestor Ltd now owns 5,959 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 1,137 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Starwood Property Trust by 2.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 477,036 shares of the real estate investment trust’s stock valued at $9,722,000 after purchasing an additional 10,865 shares in the last quarter. Apollon Wealth Management LLC boosted its position in shares of Starwood Property Trust by 7.6% during the third quarter. Apollon Wealth Management LLC now owns 71,544 shares of the real estate investment trust’s stock valued at $1,458,000 after buying an additional 5,052 shares during the last quarter. Entropy Technologies LP bought a new stake in Starwood Property Trust in the 3rd quarter worth about $233,000. Finally, Prime Capital Investment Advisors LLC raised its position in Starwood Property Trust by 11.9% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 14,468 shares of the real estate investment trust’s stock worth $295,000 after buying an additional 1,537 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Down 0.8 %

STWD opened at $20.38 on Tuesday. The company has a market capitalization of $6.88 billion, a PE ratio of 17.41 and a beta of 1.68. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61. The firm’s 50 day simple moving average is $19.51 and its two-hundred day simple moving average is $19.83. Starwood Property Trust, Inc. has a 1-year low of $18.12 and a 1-year high of $21.17.

Analyst Ratings Changes

A number of brokerages have recently issued reports on STWD. 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 report on Friday, November 15th. JPMorgan Chase & Co. cut 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 research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods decreased 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 research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.21.

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.