Aviance Capital Partners LLC Acquires 2,750 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Aviance Capital Partners LLC raised its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 90,550 shares of the real estate investment trust’s stock after buying an additional 2,750 shares during the quarter. Aviance Capital Partners LLC’s holdings in Starwood Property Trust were worth $1,845,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of Starwood Property Trust in the 1st quarter valued at about $26,000. Altshuler Shaham Ltd acquired a new position in shares of Starwood Property Trust during the second quarter worth approximately $28,000. Future Financial Wealth Managment LLC acquired a new position in shares of Starwood Property Trust during the third quarter worth approximately $34,000. Quarry LP bought a new position in shares of Starwood Property Trust in the 2nd quarter worth $36,000. Finally, Godsey & Gibb Inc. acquired a new stake in Starwood Property Trust in the 3rd quarter valued at $41,000. 49.82% of the stock is currently owned by institutional investors.

Starwood Property Trust Stock Performance

Shares of Starwood Property Trust stock opened at $19.56 on Tuesday. The firm has a market capitalization of $6.59 billion, a P/E ratio of 16.72 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. The business’s fifty day simple moving average is $20.01 and its 200 day simple moving average is $19.79. Starwood Property Trust, Inc. has a 12 month low of $18.43 and a 12 month high of $22.29.

Starwood Property Trust (NYSE:STWD) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The company had revenue of $479.50 million for the quarter, compared to analysts’ expectations of $488.63 million. Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 EPS. As a group, analysts anticipate that Starwood Property Trust, Inc. will post 1.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. JMP Securities lowered their price objective on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. cut their price target 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. Wells Fargo & Company increased 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. UBS Group lifted their target price on Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods upgraded Starwood Property Trust from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $20.50 to $22.50 in a report on Thursday, September 5th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.25.

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.