The Manufacturers Life Insurance Company Acquires 1,898 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

The Manufacturers Life Insurance Company boosted its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 0.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 281,290 shares of the real estate investment trust’s stock after purchasing an additional 1,898 shares during the period. The Manufacturers Life Insurance Company’s holdings in Starwood Property Trust were worth $5,733,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Altshuler Shaham Ltd bought a new stake in Starwood Property Trust in the second quarter worth $28,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Starwood Property Trust in the third quarter valued at $34,000. Quarry LP bought a new stake in shares of Starwood Property Trust in the 2nd quarter worth about $36,000. Godsey & Gibb Inc. purchased a new position in shares of Starwood Property Trust during the 3rd quarter worth about $41,000. Finally, GAMMA Investing LLC grew its holdings in Starwood Property Trust by 54.1% during the 2nd quarter. GAMMA Investing LLC now owns 2,263 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 794 shares during the last quarter. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

STWD has been the subject of several recent analyst reports. JMP Securities cut 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 note on Thursday, November 7th. UBS Group boosted their price objective on Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 15th. 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. JPMorgan Chase & Co. lowered their target price on shares of Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Finally, Keefe, Bruyette & Woods raised shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $20.50 to $22.50 in a research note on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $22.25.

Starwood Property Trust Price Performance

Starwood Property Trust stock opened at $19.97 on Friday. The company has a fifty day simple moving average of $19.92 and a 200-day simple moving average of $19.78. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 17.08 and a beta of 1.69. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. Starwood Property Trust, Inc. has a 52-week low of $18.43 and a 52-week high of $22.29.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share (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 company had revenue of $479.50 million during the quarter, compared to analysts’ expectations of $488.63 million. During the same quarter in the prior year, the company earned $0.46 EPS. Starwood Property Trust’s revenue was down 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Starwood Property Trust, Inc. will post 1.89 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.