QRG Capital Management Inc. raised its position in shares of Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 3.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 220,856 shares of the real estate investment trust’s stock after purchasing an additional 7,579 shares during the quarter. QRG Capital Management Inc.’s holdings in Starwood Property Trust were worth $4,185,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Albion Financial Group UT acquired a new stake in shares of Starwood Property Trust during the 4th quarter valued at approximately $28,000. Brooklyn Investment Group increased its stake in Starwood Property Trust by 86.1% during the fourth quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 730 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Starwood Property Trust by 69.7% during the fourth quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 717 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Starwood Property Trust during the third quarter worth $55,000. Finally, Covestor Ltd lifted its position in shares of Starwood Property Trust by 23.6% in the 3rd quarter. Covestor Ltd now owns 5,959 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 1,137 shares during the last quarter. Institutional investors own 49.82% of the company’s stock.
Analyst Upgrades and Downgrades
STWD has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. JMP Securities dropped their price target on 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. reduced their price objective on Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods dropped their target price on Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $22.13.
Starwood Property Trust Stock Up 1.8 %
STWD opened at $20.52 on Friday. The stock’s 50 day moving average price is $19.41 and its 200 day moving average price is $19.81. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market cap of $6.92 billion, a P/E ratio of 17.54 and a beta of 1.69. Starwood Property Trust, Inc. has a 12 month low of $18.12 and a 12 month high of $21.17.
About Starwood Property Trust
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.
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