Louisiana State Employees Retirement System Boosts Position in Starwood Property Trust, Inc. (NYSE:STWD)

Louisiana State Employees Retirement System increased its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 3.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,000 shares of the real estate investment trust’s stock after buying an additional 3,100 shares during the period. Louisiana State Employees Retirement System’s holdings in Starwood Property Trust were worth $1,793,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in STWD. Artemis Investment Management LLP purchased a new position in Starwood Property Trust in the 3rd quarter worth about $9,580,000. International Assets Investment Management LLC increased its stake in 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 worth $9,713,000 after buying an additional 457,631 shares during the period. Lighthouse Investment Partners LLC purchased a new position in Starwood Property Trust during the 2nd quarter valued at about $5,455,000. Blue Owl Capital Holdings LP purchased a new position in Starwood Property Trust during the 2nd quarter valued at about $4,289,000. Finally, Squarepoint Ops LLC increased its position in Starwood Property Trust by 1,490.6% during the 2nd quarter. Squarepoint Ops LLC now owns 150,436 shares of the real estate investment trust’s stock valued at $2,849,000 after purchasing an additional 161,254 shares during the period. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Analyst Ratings Changes

STWD has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Wells Fargo & Company raised 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 report on Friday, September 20th. BTIG Research reissued a “buy” rating and set a $24.00 target price on shares of Starwood Property Trust in a research report on Friday, July 19th. Finally, Keefe, Bruyette & Woods raised shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and raised their target price 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, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Starwood Property Trust has a consensus rating of “Moderate Buy” and a consensus price target of $22.36.

Starwood Property Trust Stock Up 1.2 %

NYSE:STWD opened at $20.13 on Thursday. Starwood Property Trust, Inc. has a fifty-two week low of $17.57 and a fifty-two week high of $22.29. The stock has a market capitalization of $6.38 billion, a P/E ratio of 18.47 and a beta of 1.70. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.84 and a current ratio of 1.84. The company’s 50-day simple moving average is $20.21 and its 200-day simple moving average is $19.76.

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