Starwood Property Trust, Inc. (NYSE:STWD) Shares Sold by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. decreased its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 309,189 shares of the real estate investment trust’s stock after selling 6,875 shares during the quarter. Adell Harriman & Carpenter Inc. owned approximately 0.10% of Starwood Property Trust worth $6,301,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in Starwood Property Trust in the first quarter valued at $26,000. Altshuler Shaham Ltd purchased a new position in Starwood Property Trust during the 2nd quarter worth approximately $28,000. Future Financial Wealth Managment LLC acquired a new position in Starwood Property Trust during the third quarter worth approximately $34,000. Quarry LP purchased a new position in shares of Starwood Property Trust during the second quarter worth approximately $36,000. Finally, Godsey & Gibb Inc. acquired a new stake in shares of Starwood Property Trust during the third quarter worth about $41,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Price Performance

Shares of Starwood Property Trust stock opened at $19.89 on Wednesday. Starwood Property Trust, Inc. has a 52 week low of $17.21 and a 52 week high of $22.29. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.80. The company’s 50-day moving average price is $20.21 and its two-hundred day moving average price is $19.76. The stock has a market cap of $6.30 billion, a PE ratio of 18.25 and a beta of 1.70.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on STWD. JPMorgan Chase & Co. increased their price objective on Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $20.50 to $22.50 in a research note on Thursday, September 5th. Wells Fargo & Company upped their price objective on Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Finally, BTIG Research reiterated a “buy” rating and issued a $24.00 price target on shares of Starwood Property Trust in a report on Friday, July 19th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.36.

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.