Starwood Property Trust, Inc. (NYSE:STWD) Position Trimmed by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc trimmed its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 16.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,090 shares of the real estate investment trust’s stock after selling 3,700 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Starwood Property Trust were worth $389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Starwood Property Trust during the 1st quarter valued at about $26,000. Swiss National Bank raised its holdings in Starwood Property Trust by 0.3% during the first quarter. Swiss National Bank now owns 618,365 shares of the real estate investment trust’s stock valued at $12,571,000 after buying an additional 2,000 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Starwood Property Trust by 2.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 337,831 shares of the real estate investment trust’s stock worth $6,868,000 after buying an additional 9,541 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in shares of Starwood Property Trust by 38.2% during the 1st quarter. Kingsview Wealth Management LLC now owns 16,142 shares of the real estate investment trust’s stock worth $328,000 after acquiring an additional 4,460 shares in the last quarter. Finally, HBK Sorce Advisory LLC acquired a new position in shares of Starwood Property Trust during the 1st quarter valued at about $212,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

STWD has been the subject of a number of recent analyst reports. BTIG Research reaffirmed a “buy” rating and set a $24.00 target price on shares of Starwood Property Trust in a research report on Friday, July 19th. JPMorgan Chase & Co. lowered 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. Wells Fargo & Company boosted their target price on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Keefe, Bruyette & Woods raised Starwood Property Trust from a “market perform” rating to an “outperform” rating and raised their price target for the company from $20.50 to $22.50 in a research report on Thursday, September 5th. Finally, JMP Securities cut their price objective on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.38.

Starwood Property Trust Stock Up 0.6 %

NYSE STWD opened at $19.56 on Friday. Starwood Property Trust, Inc. has a twelve month low of $18.43 and a twelve month high of $22.29. The stock has a market cap of $6.59 billion, a PE ratio of 16.72 and a beta of 1.70. The firm has a 50-day simple moving average of $20.01 and a 200 day simple moving average of $19.78. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79.

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 return on equity of 9.93% and a net margin of 18.82%. The firm 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 firm posted $0.46 EPS. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, research analysts forecast that Starwood Property Trust, Inc. will post 1.89 EPS for the current 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.