Connor Clark & Lunn Investment Management Ltd. Increases Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Connor Clark & Lunn Investment Management Ltd. lifted its position in Starwood Property Trust, Inc. (NYSE:STWD) by 66.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 224,962 shares of the real estate investment trust’s stock after buying an additional 90,046 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.07% of Starwood Property Trust worth $4,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Sunbelt Securities Inc. grew its stake in shares of Starwood Property Trust by 0.9% during the 2nd quarter. Sunbelt Securities Inc. now owns 57,077 shares of the real estate investment trust’s stock valued at $1,081,000 after purchasing an additional 517 shares during the period. Fortem Financial Group LLC increased its holdings in Starwood Property Trust by 2.0% during the second quarter. Fortem Financial Group LLC now owns 26,278 shares of the real estate investment trust’s stock valued at $498,000 after buying an additional 519 shares during the last quarter. Fifth Third Bancorp raised its position in Starwood Property Trust by 26.0% in the second quarter. Fifth Third Bancorp now owns 2,572 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 531 shares during the period. Whittier Trust Co. boosted its stake in shares of Starwood Property Trust by 0.4% during the 2nd quarter. Whittier Trust Co. now owns 160,815 shares of the real estate investment trust’s stock worth $3,044,000 after acquiring an additional 720 shares during the last quarter. Finally, Raymond James Trust N.A. grew its position in shares of Starwood Property Trust by 3.4% during the 2nd quarter. Raymond James Trust N.A. now owns 22,466 shares of the real estate investment trust’s stock valued at $426,000 after acquiring an additional 747 shares during the period. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

Shares of NYSE STWD opened at $19.92 on Friday. The company has a market cap of $6.72 billion, a P/E ratio of 17.03 and a beta of 1.70. Starwood Property Trust, Inc. has a 52-week low of $18.43 and a 52-week high of $22.29. 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 firm’s fifty day moving average is $20.00 and its two-hundred day moving average is $19.79.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.05. Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The firm had revenue of $479.50 million for the quarter, compared to analysts’ expectations of $488.63 million. During the same period in the previous year, the firm posted $0.46 earnings per share. The business’s revenue was down 8.1% compared to the same quarter last year. As a group, analysts anticipate that Starwood Property Trust, Inc. will post 1.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on STWD. JMP Securities lowered their target price on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a research report on Thursday, November 7th. Keefe, Bruyette & Woods upgraded Starwood Property Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $20.50 to $22.50 in a research note on Thursday, September 5th. UBS Group raised their target price on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Wells Fargo & Company upped their price target on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. 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, November 7th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Starwood Property Trust presently has an average rating of “Moderate Buy” and an average price target of $22.25.

Starwood Property Trust 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.