US Bancorp DE Reduces Stock Position in Starwood Property Trust, Inc. (NYSE:STWD)

US Bancorp DE trimmed its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 4.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,029 shares of the real estate investment trust’s stock after selling 3,177 shares during the period. US Bancorp DE’s holdings in Starwood Property Trust were worth $1,529,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of Starwood Property Trust during the 1st quarter valued at about $26,000. Altshuler Shaham Ltd bought a new stake in Starwood Property Trust during the second quarter valued at approximately $28,000. Future Financial Wealth Managment LLC purchased a new stake in Starwood Property Trust during the third quarter valued at approximately $34,000. Quarry LP bought a new position in Starwood Property Trust in the second quarter worth approximately $36,000. Finally, Godsey & Gibb Inc. bought a new stake in shares of Starwood Property Trust during the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on STWD shares. Keefe, Bruyette & Woods raised 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 report on Thursday, September 5th. BTIG Research reissued a “buy” rating and issued a $24.00 target price on shares of Starwood Property Trust in a report on Friday, July 19th. Wells Fargo & Company lifted their price target 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. JMP Securities reduced their price objective on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.38.

Starwood Property Trust Price Performance

Starwood Property Trust stock opened at $19.45 on Friday. Starwood Property Trust, Inc. has a 52-week low of $18.42 and a 52-week high of $22.29. 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 firm’s fifty day moving average is $20.10 and its 200 day moving average is $19.78. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 17.84 and a beta of 1.70.

Starwood Property Trust (NYSE:STWD) last announced its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.04. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. The firm had revenue of $489.80 million for the quarter, compared to analysts’ expectations of $505.23 million. During the same period in the prior year, the company earned $0.47 EPS. The business’s revenue was down 5.0% compared to the same quarter last year. Sell-side analysts forecast that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

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.