Chesapeake Capital Corp IL Acquires 4,165 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Chesapeake Capital Corp IL grew its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 27.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,089 shares of the real estate investment trust’s stock after purchasing an additional 4,165 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Starwood Property Trust were worth $397,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Van ECK Associates Corp grew its stake 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 during the last quarter. Raymond James & Associates grew its stake in Starwood Property Trust by 0.6% in the 3rd quarter. Raymond James & Associates now owns 1,090,325 shares of the real estate investment trust’s stock valued at $22,221,000 after buying an additional 6,616 shares during the last quarter. Valley Wealth Managers Inc. grew its stake in Starwood Property Trust by 30.3% in 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 last quarter. Rhumbline Advisers grew its stake in Starwood Property Trust by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 865,410 shares of the real estate investment trust’s stock valued at $16,391,000 after buying an additional 3,259 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its position in Starwood Property Trust by 2.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 477,036 shares of the real estate investment trust’s stock worth $9,722,000 after purchasing an additional 10,865 shares during the last quarter. Institutional investors own 49.82% of the company’s stock.

Analyst Ratings Changes

STWD has been the topic of several research analyst reports. JMP Securities decreased 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. Wells Fargo & Company raised their price target on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. UBS Group raised their price target on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. decreased their target price on shares of Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $20.50 to $22.50 in a research report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $22.25.

Starwood Property Trust Trading Down 0.5 %

Shares of STWD stock opened at $19.47 on Monday. Starwood Property Trust, Inc. has a 12-month low of $18.43 and a 12-month high of $22.29. The company has a market capitalization of $6.56 billion, a P/E ratio of 16.64 and a beta of 1.70. The firm has a 50-day moving average price of $20.01 and a 200 day moving average price of $19.79. 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 results 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 firm had revenue of $479.50 million during the quarter, compared to the consensus estimate of $488.63 million. During the same period last year, the firm posted $0.46 EPS. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. Research analysts forecast 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.