Nomura Asset Management Co. Ltd. Sells 10,200 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Nomura Asset Management Co. Ltd. lowered its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 69.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,500 shares of the real estate investment trust’s stock after selling 10,200 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Starwood Property Trust were worth $92,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of STWD. Sunbelt Securities Inc. lifted its holdings in shares of Starwood Property Trust by 0.9% during the second quarter. Sunbelt Securities Inc. now owns 57,077 shares of the real estate investment trust’s stock valued at $1,081,000 after purchasing an additional 517 shares during the last quarter. Fortem Financial Group LLC raised its stake in Starwood Property Trust by 2.0% during the second quarter. Fortem Financial Group LLC now owns 26,278 shares of the real estate investment trust’s stock valued at $498,000 after buying an additional 519 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Starwood Property Trust by 26.0% in the second quarter. Fifth Third Bancorp now owns 2,572 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 531 shares in the last quarter. Whittier Trust Co. grew its stake in shares of Starwood Property Trust by 0.4% in the second quarter. Whittier Trust Co. now owns 160,815 shares of the real estate investment trust’s stock worth $3,044,000 after acquiring an additional 720 shares during the last quarter. Finally, Raymond James Trust N.A. increased its holdings in shares of Starwood Property Trust by 3.4% during the second quarter. Raymond James Trust N.A. now owns 22,466 shares of the real estate investment trust’s stock valued at $426,000 after acquiring an additional 747 shares in the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. JMP Securities cut 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 research report on Thursday, November 7th. JPMorgan Chase & Co. cut their price target on shares of Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Wells Fargo & Company upped their price objective on Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Keefe, Bruyette & Woods raised 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 report on Thursday, September 5th. Finally, UBS Group upped their price target on Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Three research 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $22.25.

Starwood Property Trust Price Performance

NYSE STWD opened at $20.14 on Monday. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79. Starwood Property Trust, Inc. has a 1-year low of $18.43 and a 1-year high of $22.29. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 17.21 and a beta of 1.69. The business’s fifty day moving average price is $19.90 and its 200-day moving average price is $19.82.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The business had revenue of $479.50 million during the quarter, compared to the consensus estimate of $488.63 million. During the same period in the previous year, the company posted $0.46 EPS. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, equities analysts predict that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current 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.