Starwood Property Trust, Inc. (NYSE:STWD) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 26.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 734,664 shares of the real estate investment trust’s stock after selling 264,614 shares during the period. Principal Financial Group Inc. owned about 0.23% of Starwood Property Trust worth $14,972,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Van ECK Associates Corp raised its position in shares of Starwood Property Trust by 27.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,313,824 shares of the real estate investment trust’s stock worth $26,106,000 after purchasing an additional 279,793 shares during the last quarter. Raymond James & Associates raised its position in shares of Starwood Property Trust by 0.6% during the 3rd quarter. Raymond James & Associates now owns 1,090,325 shares of the real estate investment trust’s stock worth $22,221,000 after purchasing an additional 6,616 shares during the last quarter. Rhumbline Advisers raised its position in shares of Starwood Property Trust by 0.4% during the 2nd quarter. Rhumbline Advisers now owns 865,410 shares of the real estate investment trust’s stock worth $16,391,000 after purchasing an additional 3,259 shares during the last quarter. Valley Wealth Managers Inc. raised its position in shares of Starwood Property Trust by 3.9% during the 2nd quarter. Valley Wealth Managers Inc. now owns 787,461 shares of the real estate investment trust’s stock worth $14,915,000 after purchasing an additional 29,770 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Starwood Property Trust by 2,414.3% during 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 purchasing an additional 457,631 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Stock Down 0.5 %

Shares of NYSE STWD opened at $19.47 on Friday. Starwood Property Trust, Inc. has a 52-week low of $18.43 and a 52-week high of $22.29. The firm has a fifty day moving average of $20.01 and a 200-day moving average of $19.78. The stock has a market capitalization of $6.56 billion, a PE ratio of 16.64 and a beta of 1.70. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $488.63 million. During the same period in the previous year, the company earned $0.46 EPS. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, analysts anticipate that Starwood Property Trust, Inc. will post 1.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on STWD shares. JMP Securities lowered their target price on shares of 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. Keefe, Bruyette & Woods raised shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $20.50 to $22.50 in a research note on Thursday, September 5th. JPMorgan Chase & Co. lowered 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. UBS Group lifted 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 note on Friday. Finally, Wells Fargo & Company lifted their target price on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Three 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, the company has an average rating of “Moderate Buy” and an average target price of $22.25.

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.