State of Alaska Department of Revenue Increases Position in Starwood Property Trust, Inc. (NYSE:STWD)

State of Alaska Department of Revenue grew its position in Starwood Property Trust, Inc. (NYSE:STWD) by 14.7% during the third quarter, Holdings Channel.com reports. The firm owned 36,876 shares of the real estate investment trust’s stock after acquiring an additional 4,725 shares during the period. State of Alaska Department of Revenue’s holdings in Starwood Property Trust were worth $751,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Starwood Property Trust during the 1st quarter worth about $26,000. Private Advisor Group LLC raised its holdings in Starwood Property Trust by 27.1% during the first quarter. Private Advisor Group LLC now owns 61,052 shares of the real estate investment trust’s stock worth $1,241,000 after purchasing an additional 13,022 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Starwood Property Trust by 12.7% during the 1st quarter. BNP Paribas Financial Markets now owns 168,284 shares of the real estate investment trust’s stock worth $3,421,000 after buying an additional 18,945 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Starwood Property Trust by 1.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 112,035 shares of the real estate investment trust’s stock valued at $2,278,000 after buying an additional 1,837 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its position in shares of Starwood Property Trust by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 260,425 shares of the real estate investment trust’s stock valued at $5,294,000 after buying an additional 3,486 shares during the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

Starwood Property Trust Stock Performance

Shares of STWD stock opened at $19.40 on Thursday. The stock’s 50-day moving average price is $20.15 and its 200 day moving average price is $19.78. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 2.80. The stock has a market capitalization of $6.15 billion, a PE ratio of 18.05 and a beta of 1.70. Starwood Property Trust, Inc. has a 52-week low of $18.42 and a 52-week high of $22.29.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on STWD. Keefe, Bruyette & Woods raised shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $20.50 to $22.50 in a research report on Thursday, September 5th. Wells Fargo & Company boosted their target price on Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, September 20th. BTIG Research restated a “buy” rating and set a $24.00 price target on shares of Starwood Property Trust in a research note on Friday, July 19th. Finally, JPMorgan Chase & Co. boosted their price objective on Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Starwood Property Trust 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.