International Assets Investment Management LLC Purchases 457,631 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

International Assets Investment Management LLC grew its position in Starwood Property Trust, Inc. (NYSE:STWD) by 2,414.3% during the third quarter, HoldingsChannel.com reports. The firm owned 476,586 shares of the real estate investment trust’s stock after buying an additional 457,631 shares during the quarter. International Assets Investment Management LLC’s holdings in Starwood Property Trust were worth $9,713,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Artemis Investment Management LLP bought a new stake in Starwood Property Trust during the third quarter worth about $9,580,000. Lighthouse Investment Partners LLC bought a new stake in Starwood Property Trust during the second quarter worth about $5,455,000. Blue Owl Capital Holdings LP bought a new stake in Starwood Property Trust during the second quarter worth about $4,289,000. Squarepoint Ops LLC raised its holdings in Starwood Property Trust by 1,490.6% during the second quarter. Squarepoint Ops LLC now owns 150,436 shares of the real estate investment trust’s stock worth $2,849,000 after acquiring an additional 161,254 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Starwood Property Trust during the second quarter worth about $2,788,000. 49.82% of the stock is currently owned by institutional investors.

Starwood Property Trust Price Performance

Starwood Property Trust stock opened at $20.13 on Thursday. Starwood Property Trust, Inc. has a 12 month low of $17.57 and a 12 month high of $22.29. The stock’s 50 day moving average is $20.21 and its 200-day moving average is $19.76. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.80. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 18.47 and a beta of 1.70.

Starwood Property Trust (NYSE:STWD) last posted its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate 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 company had revenue of $489.80 million for the quarter, compared to the consensus estimate of $505.23 million. During the same quarter in the prior year, the business earned $0.47 earnings per share. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. Equities research analysts expect that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on STWD. Wells Fargo & Company upped their target price on Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. JPMorgan Chase & Co. boosted their price target on Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. BTIG Research reissued a “buy” rating and set a $24.00 price target on shares of Starwood Property Trust in a research report on Friday, July 19th. Finally, Keefe, Bruyette & Woods raised Starwood Property Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $20.50 to $22.50 in a research report on Thursday, September 5th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.36.

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.