Fmr LLC Buys 2,503 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Fmr LLC lifted its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 6.4% in the third quarter, HoldingsChannel.com reports. The fund owned 41,781 shares of the real estate investment trust’s stock after acquiring an additional 2,503 shares during the quarter. Fmr LLC’s holdings in Starwood Property Trust were worth $851,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. increased its position 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 last quarter. Fortem Financial Group LLC raised its stake in shares of 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 worth $498,000 after acquiring an additional 519 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Starwood Property Trust by 26.0% in the 2nd 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 last quarter. Whittier Trust Co. boosted its stake in shares of Starwood Property Trust by 0.4% in the 2nd quarter. Whittier Trust Co. now owns 160,815 shares of the real estate investment trust’s stock valued at $3,044,000 after purchasing an additional 720 shares in the last quarter. Finally, Raymond James Trust N.A. grew its holdings 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 purchasing an additional 747 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

Several analysts have weighed in on the stock. JMP Securities lowered their price target 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. Keefe, Bruyette & Woods upgraded 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 report on Thursday, September 5th. 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 research report on Friday, November 15th. Wells Fargo & Company increased their price objective on Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.25.

Starwood Property Trust Price Performance

STWD opened at $19.85 on Wednesday. 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 stock has a market capitalization of $6.69 billion, a PE ratio of 16.97 and a beta of 1.69. The stock’s 50 day moving average price is $19.92 and its 200-day moving average price is $19.83. 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 issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $488.63 million. During the same period in the previous year, the firm earned $0.46 EPS. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, equities research analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

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.