Police & Firemen s Retirement System of New Jersey Grows Stock Position in Starwood Property Trust, Inc. $STWD

Police & Firemen s Retirement System of New Jersey raised its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 6.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,741 shares of the real estate investment trust’s stock after buying an additional 6,899 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Starwood Property Trust were worth $2,423,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. KBC Group NV boosted its position in shares of Starwood Property Trust by 10.8% in the second quarter. KBC Group NV now owns 126,625 shares of the real estate investment trust’s stock worth $2,541,000 after acquiring an additional 12,336 shares during the last quarter. Wealth Quarterback LLC raised its stake in Starwood Property Trust by 19.6% during the second quarter. Wealth Quarterback LLC now owns 20,533 shares of the real estate investment trust’s stock worth $412,000 after purchasing an additional 3,366 shares during the period. Westbourne Investment Advisors Inc. acquired a new position in shares of Starwood Property Trust in the 2nd quarter valued at $345,000. Boston Partners grew its stake in shares of Starwood Property Trust by 124.4% during the 2nd quarter. Boston Partners now owns 1,102,847 shares of the real estate investment trust’s stock valued at $22,060,000 after buying an additional 611,303 shares during the period. Finally, Allworth Financial LP increased its holdings in shares of Starwood Property Trust by 70.9% during the 2nd quarter. Allworth Financial LP now owns 8,011 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 3,324 shares during the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on STWD. Wall Street Zen upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Starwood Property Trust in a research note on Wednesday, October 8th. Wells Fargo & Company dropped their target price on shares of Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. Zacks Research lowered shares of Starwood Property Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 12th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Starwood Property Trust has an average rating of “Hold” and a consensus target price of $20.63.

Starwood Property Trust Price Performance

Shares of NYSE STWD opened at $17.66 on Wednesday. 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 1-year low of $16.59 and a 1-year high of $21.05. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 16.20 and a beta of 1.27. The business has a 50-day moving average of $18.98 and a 200-day moving average of $19.66.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings results on Monday, November 10th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.04). Starwood Property Trust had a return on equity of 8.72% and a net margin of 20.58%.The company had revenue of $247.87 million for the quarter, compared to analyst estimates of $479.70 million. During the same period last year, the firm posted $0.48 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. On average, equities analysts anticipate that Starwood Property Trust, Inc. will post 1.88 EPS 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.