265,529 Shares in Starwood Property Trust, Inc. (NYSE:STWD) Bought by Waterfront Capital Partners LLC

Waterfront Capital Partners LLC purchased a new position in Starwood Property Trust, Inc. (NYSE:STWD) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 265,529 shares of the real estate investment trust’s stock, valued at approximately $5,411,000. Starwood Property Trust accounts for about 0.7% of Waterfront Capital Partners LLC’s investment portfolio, making the stock its 27th largest position. Waterfront Capital Partners LLC owned 0.08% of Starwood Property Trust at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

STWD has been the topic of a number of recent research reports. UBS Group increased their target price 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 lifted their target price on shares of Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Keefe, Bruyette & Woods upgraded Starwood Property Trust from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $20.50 to $22.50 in a research report on Thursday, September 5th. JPMorgan Chase & Co. cut their price objective on shares of Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. 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 on the stock in a report on Thursday, November 7th. Three equities research 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. According to data from MarketBeat, Starwood Property Trust has an average rating of “Moderate Buy” and a consensus price target of $22.25.

Starwood Property Trust Trading Up 0.6 %

Shares of Starwood Property Trust stock opened at $20.30 on Friday. The firm has a market cap of $6.84 billion, a price-to-earnings ratio of 17.35 and a beta of 1.70. The business has a 50-day moving average price of $19.98 and a 200-day moving average price of $19.80. 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 twelve month low of $18.43 and a twelve month high of $22.29.

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

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.