Starwood Property Trust, Inc. (NYSE:STWD) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in Starwood Property Trust, Inc. (NYSE:STWD) by 8.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,345,000 shares of the real estate investment trust’s stock after purchasing an additional 399,672 shares during the period. Geode Capital Management LLC’s holdings in Starwood Property Trust were worth $108,960,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in STWD. Altshuler Shaham Ltd purchased a new stake in shares of Starwood Property Trust in the 2nd quarter worth about $28,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Starwood Property Trust in the third quarter valued at about $34,000. Quarry LP acquired a new stake in shares of Starwood Property Trust in the second quarter valued at approximately $36,000. Godsey & Gibb Inc. purchased a new position in shares of Starwood Property Trust during the 3rd quarter worth approximately $41,000. Finally, Fifth Third Bancorp raised its position in shares of Starwood Property Trust by 26.0% during the 2nd quarter. Fifth Third Bancorp now owns 2,572 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 531 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on STWD shares. 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 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. JPMorgan Chase & Co. cut their target price 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 decreased their price target 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, Keefe, Bruyette & Woods raised shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $20.50 to $22.50 in a research report on Thursday, September 5th. 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 presently has a consensus rating of “Moderate Buy” and an average price target of $22.25.

Starwood Property Trust Trading Down 3.4 %

Shares of STWD stock opened at $19.17 on Thursday. The firm’s 50-day simple moving average is $19.90 and its 200-day simple moving average is $19.83. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79. Starwood Property Trust, Inc. has a 1-year low of $18.43 and a 1-year high of $22.29. The firm has a market cap of $6.46 billion, a P/E ratio of 16.38 and a beta of 1.69.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping 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 company had revenue of $479.50 million for the quarter, compared to the consensus estimate of $488.63 million. During the same quarter last year, the firm posted $0.46 earnings per share. Starwood Property Trust’s revenue was down 8.1% on a year-over-year basis. As a group, equities analysts forecast that Starwood Property Trust, Inc. will post 1.88 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.