Bleakley Financial Group LLC Purchases 11,850 Shares of Starwood Property Trust, Inc. $STWD

Bleakley Financial Group LLC lifted its position in Starwood Property Trust, Inc. (NYSE:STWD) by 18.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,778 shares of the real estate investment trust’s stock after buying an additional 11,850 shares during the period. Bleakley Financial Group LLC’s holdings in Starwood Property Trust were worth $1,541,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in STWD. Alpine Bank Wealth Management bought a new stake in shares of Starwood Property Trust in the 1st quarter valued at $25,000. Meeder Asset Management Inc. bought a new stake in shares of Starwood Property Trust in the 1st quarter valued at $25,000. SVB Wealth LLC bought a new stake in shares of Starwood Property Trust in the 1st quarter valued at $30,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Starwood Property Trust in the 1st quarter valued at $40,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of Starwood Property Trust in the 1st quarter valued at $44,000. Institutional investors own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on STWD. UBS Group upped 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 Tuesday, July 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Starwood Property Trust in a report on Friday. Keefe, Bruyette & Woods increased their target price on Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Zacks Research cut Starwood Property Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, Wall Street Zen upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.13.

Starwood Property Trust Price Performance

Shares of NYSE STWD opened at $18.64 on Friday. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of 17.10 and a beta of 1.29. The business has a 50-day moving average of $19.69 and a 200-day moving average of $19.69. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.61 and a quick ratio of 1.61. Starwood Property Trust, Inc. has a fifty-two week low of $16.59 and a fifty-two week high of $21.05.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $444.28 million during the quarter, compared to analysts’ expectations of $477.00 million. Starwood Property Trust had a return on equity of 8.72% and a net margin of 20.58%.Starwood Property Trust’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS. As a group, sell-side analysts predict that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal 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.