Starwood Property Trust, Inc. (NYSE:STWD) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 14.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,876 shares of the real estate investment trust’s stock after purchasing an additional 4,725 shares during the period. State of Alaska Department of Revenue’s holdings in Starwood Property Trust were worth $751,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Frank Rimerman Advisors LLC increased its holdings in shares of Starwood Property Trust by 10.3% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 65,554 shares of the real estate investment trust’s stock worth $1,336,000 after buying an additional 6,127 shares during the last quarter. Louisiana State Employees Retirement System grew its position in Starwood Property Trust by 3.7% in the third quarter. Louisiana State Employees Retirement System now owns 88,000 shares of the real estate investment trust’s stock worth $1,793,000 after acquiring an additional 3,100 shares during the period. Allworth Financial LP increased its stake in Starwood Property Trust by 44.5% during the third quarter. Allworth Financial LP now owns 5,965 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 1,838 shares during the last quarter. Highland Capital Management LLC raised its position in Starwood Property Trust by 11.0% in the third quarter. Highland Capital Management LLC now owns 37,950 shares of the real estate investment trust’s stock valued at $773,000 after purchasing an additional 3,750 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of Starwood Property Trust by 2,414.3% in the 3rd quarter. International Assets Investment Management LLC now owns 476,586 shares of the real estate investment trust’s stock valued at $9,713,000 after purchasing an additional 457,631 shares during the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

Starwood Property Trust Stock Performance

Shares of STWD stock opened at $19.40 on Thursday. The firm has a 50 day moving average of $20.15 and a two-hundred day moving average of $19.78. The stock has a market capitalization of $6.15 billion, a PE ratio of 18.05 and a beta of 1.70. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 2.80. Starwood Property Trust, Inc. has a 52 week low of $18.42 and a 52 week high of $22.29.

Starwood Property Trust (NYSE:STWD) last released its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. Starwood Property Trust had a return on equity of 10.03% and a net margin of 17.05%. The firm had revenue of $489.80 million during the quarter, compared to analyst estimates of $505.23 million. During the same period last year, the business posted $0.47 earnings per share. Starwood Property Trust’s revenue was down 5.0% compared to the same quarter last year. On average, research analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on STWD shares. JPMorgan Chase & Co. boosted their price objective on shares of Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Wells Fargo & Company boosted their price target 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 increased their price objective for the stock from $20.50 to $22.50 in a research report on Thursday, September 5th. Finally, BTIG Research reissued a “buy” rating and issued a $24.00 target price on shares of Starwood Property Trust in a research report on Friday, July 19th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Starwood Property Trust has a consensus rating of “Moderate Buy” and a consensus price target of $22.36.

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.