Starwood Property Trust, Inc. (NYSE:STWD) Stake Raised by Penserra Capital Management LLC

Penserra Capital Management LLC increased its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 17.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,693 shares of the real estate investment trust’s stock after buying an additional 11,560 shares during the quarter. Penserra Capital Management LLC’s holdings in Starwood Property Trust were worth $1,603,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in STWD. Artemis Investment Management LLP bought a new position in shares of Starwood Property Trust in the third quarter worth $9,580,000. International Assets Investment Management LLC lifted its holdings in Starwood Property Trust by 2,414.3% in the third 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 period. Lighthouse Investment Partners LLC acquired a new stake in Starwood Property Trust in the second quarter worth about $5,455,000. Van ECK Associates Corp grew its position in Starwood Property Trust by 27.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,313,824 shares of the real estate investment trust’s stock valued at $26,106,000 after buying an additional 279,793 shares in the last quarter. Finally, Valley Wealth Managers Inc. increased its stake in Starwood Property Trust by 30.3% during the 3rd quarter. Valley Wealth Managers Inc. now owns 1,026,455 shares of the real estate investment trust’s stock valued at $20,919,000 after buying an additional 238,994 shares during the period. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods raised Starwood Property Trust from a “market perform” rating to an “outperform” rating and increased their price target for the company from $20.50 to $22.50 in a research note on Thursday, September 5th. Wells Fargo & Company boosted their price objective on Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. JPMorgan Chase & Co. decreased their target price on 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. Finally, JMP Securities dropped their price target on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.25.

Starwood Property Trust Stock Performance

Shares of STWD stock opened at $20.19 on Wednesday. The stock’s fifty day simple moving average is $20.00 and its 200-day simple moving average is $19.79. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 17.25 and a beta of 1.70. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61. Starwood Property Trust, Inc. has a 1-year low of $18.43 and a 1-year high of $22.29.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The company had revenue of $479.50 million for the quarter, compared to the consensus estimate of $488.63 million. Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 EPS. On average, sell-side analysts predict that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current fiscal year.

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.