Y Intercept Hong Kong Ltd Invests $506,000 in Starwood Property Trust, Inc. (NYSE:STWD)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 24,842 shares of the real estate investment trust’s stock, valued at approximately $506,000.

Several other institutional investors have also added to or reduced their stakes in STWD. SG Americas Securities LLC purchased a new position in shares of Starwood Property Trust in the second quarter valued at $487,000. Neo Ivy Capital Management purchased a new position in shares of Starwood Property Trust in the 2nd quarter worth $922,000. Focus Financial Network Inc. increased its holdings in shares of Starwood Property Trust by 10.9% in the 2nd quarter. Focus Financial Network Inc. now owns 24,219 shares of the real estate investment trust’s stock worth $493,000 after buying an additional 2,377 shares during the last quarter. GFG Capital LLC raised its position in shares of Starwood Property Trust by 79.4% during the 2nd quarter. GFG Capital LLC now owns 23,879 shares of the real estate investment trust’s stock valued at $452,000 after buying an additional 10,567 shares in the last quarter. Finally, 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 valued at $49,000 after acquiring an additional 531 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

STWD has been the topic of a number of recent research reports. Wells Fargo & Company upped their price objective on Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Keefe, Bruyette & Woods upgraded Starwood Property Trust from a “market perform” rating to an “outperform” rating and increased their price target for the company from $20.50 to $22.50 in a report on Thursday, September 5th. JPMorgan Chase & Co. dropped 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 research note on Thursday, November 7th. JMP Securities reduced 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 research note on Thursday, November 7th. Finally, UBS Group lifted their price target on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Starwood Property Trust currently has a consensus rating of “Moderate Buy” and an average target price of $22.25.

Starwood Property Trust Trading Down 0.5 %

NYSE STWD opened at $20.14 on Monday. Starwood Property Trust, Inc. has a 12 month low of $18.43 and a 12 month high of $22.29. The company’s 50-day moving average price is $19.90 and its 200-day moving average price is $19.82. The stock has a market cap of $6.79 billion, a PE ratio of 17.21 and a beta of 1.69. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $479.50 million for the quarter, compared to analyst estimates of $488.63 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same period last year, the company posted $0.46 earnings per share. Equities research analysts forecast that Starwood Property Trust, Inc. will post 1.88 earnings per share 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.