Starwood Property Trust, Inc. (NYSE:STWD) Holdings Raised by Retirement Systems of Alabama

Retirement Systems of Alabama grew its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 385,672 shares of the real estate investment trust’s stock after acquiring an additional 15,198 shares during the period. Retirement Systems of Alabama owned 0.11% of Starwood Property Trust worth $7,860,000 as of its most recent SEC filing.

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

Starwood Property Trust Trading Down 1.6 %

Starwood Property Trust stock opened at $19.85 on Wednesday. Starwood Property Trust, Inc. has a 52 week low of $18.43 and a 52 week high of $22.29. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market capitalization of $6.69 billion, a PE ratio of 16.97 and a beta of 1.69. The business’s 50-day simple moving average is $19.92 and its 200-day simple moving average is $19.83.

Starwood Property Trust (NYSE:STWD) last issued 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. Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The company had revenue of $479.50 million for the quarter, compared to the consensus estimate of $488.63 million. During the same period in the previous year, the business posted $0.46 EPS. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. Equities research analysts forecast that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. 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 raised shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $20.50 to $22.50 in a research note on Thursday, September 5th. UBS Group increased their target price on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. cut their target price on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Finally, JMP Securities decreased their price target on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a research note on Thursday, November 7th. Three research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $22.25.

About Starwood Property Trust

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.