Fisher Asset Management LLC Purchases New Position in Starwood Property Trust, Inc. (NYSE:STWD)

Fisher Asset Management LLC acquired a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD) during the 3rd quarter, Holdings Channel reports. The fund acquired 34,882 shares of the real estate investment trust’s stock, valued at approximately $711,000.

Several other large investors also recently added to or reduced their stakes in STWD. Summit Trail Advisors LLC boosted its holdings in shares of Starwood Property Trust by 3.1% in the 3rd quarter. Summit Trail Advisors LLC now owns 25,015 shares of the real estate investment trust’s stock worth $522,000 after purchasing an additional 760 shares during the period. Centaurus Financial Inc. lifted its position in Starwood Property Trust by 5.8% in the third quarter. Centaurus Financial Inc. now owns 63,802 shares of the real estate investment trust’s stock worth $1,300,000 after buying an additional 3,525 shares during the last quarter. Penserra Capital Management LLC boosted its stake in Starwood Property Trust by 17.2% during the third quarter. Penserra Capital Management LLC now owns 78,693 shares of the real estate investment trust’s stock worth $1,603,000 after buying an additional 11,560 shares during the period. Kingsview Wealth Management LLC increased its position in Starwood Property Trust by 6.0% during the third quarter. Kingsview Wealth Management LLC now owns 14,474 shares of the real estate investment trust’s stock valued at $295,000 after acquiring an additional 821 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in shares of Starwood Property Trust by 82.6% in the third quarter. Cerity Partners LLC now owns 59,969 shares of the real estate investment trust’s stock valued at $1,222,000 after acquiring an additional 27,121 shares during the period. 49.82% of the stock is owned by institutional investors.

Starwood Property Trust Stock Performance

Shares of Starwood Property Trust stock opened at $20.37 on Friday. Starwood Property Trust, Inc. has a 12 month low of $18.43 and a 12 month high of $22.29. The stock’s fifty day moving average price is $19.96 and its 200-day moving average price is $19.80. The firm has a market cap of $6.87 billion, a P/E ratio of 17.41 and a beta of 1.70. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61.

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

Wall Street Analyst Weigh In

STWD has been the topic of several analyst reports. Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and upped their price target for the company from $20.50 to $22.50 in a report on Thursday, September 5th. UBS Group increased their price target on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. JPMorgan Chase & Co. dropped their price objective on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Wells Fargo & Company increased their target price on Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Finally, JMP Securities lowered their target price 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, November 7th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.25.

Starwood Property Trust Company 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.