Private Advisor Group LLC Purchases 11,242 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Private Advisor Group LLC boosted its position in Starwood Property Trust, Inc. (NYSE:STWD) by 22.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 60,959 shares of the real estate investment trust’s stock after acquiring an additional 11,242 shares during the period. Private Advisor Group LLC’s holdings in Starwood Property Trust were worth $1,242,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in STWD. Stratos Wealth Advisors LLC lifted its holdings in shares of Starwood Property Trust by 79.1% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 82,637 shares of the real estate investment trust’s stock worth $1,684,000 after purchasing an additional 36,493 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Starwood Property Trust in the first quarter valued at $26,000. Diversify Advisory Services LLC acquired a new position in shares of Starwood Property Trust during the first quarter valued at about $851,000. Cetera Investment Advisers increased its position in shares of Starwood Property Trust by 70.0% during the first quarter. Cetera Investment Advisers now owns 334,893 shares of the real estate investment trust’s stock worth $6,808,000 after acquiring an additional 137,923 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in shares of Starwood Property Trust in the 2nd quarter worth about $568,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Trading Down 1.9 %

Shares of Starwood Property Trust stock opened at $19.74 on Friday. The firm has a market cap of $6.25 billion, a PE ratio of 18.11 and a beta of 1.70. Starwood Property Trust, Inc. has a 1 year low of $17.57 and a 1 year high of $22.29. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a fifty day moving average price of $20.21 and a 200-day moving average price of $19.76.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The business had revenue of $489.80 million during the quarter, compared to the consensus estimate of $505.23 million. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 earnings per share. Equities research analysts anticipate that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on STWD shares. BTIG Research reissued a “buy” rating and set a $24.00 price objective on shares of Starwood Property Trust in a report on Friday, July 19th. Keefe, Bruyette & Woods raised Starwood Property Trust from a “market perform” rating to an “outperform” rating and increased their price target for the company from $20.50 to $22.50 in a research report on Thursday, September 5th. JPMorgan Chase & Co. lifted their price objective on shares of Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, Wells Fargo & Company increased their target price on shares of Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Starwood Property Trust currently has an average rating of “Moderate Buy” and a consensus price target of $22.36.

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.