Stockman Wealth Management Inc. grew its position in Starwood Property Trust, Inc. (NYSE:STWD) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,800 shares of the real estate investment trust’s stock after acquiring an additional 1,100 shares during the period. Stockman Wealth Management Inc.’s holdings in Starwood Property Trust were worth $517,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of STWD. Boston Partners lifted its position in shares of Starwood Property Trust by 190.7% during the 3rd quarter. Boston Partners now owns 1,786,186 shares of the real estate investment trust’s stock valued at $26,954,000 after buying an additional 1,171,658 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in Starwood Property Trust by 13.9% during the third quarter. Nuveen Asset Management LLC now owns 6,128,804 shares of the real estate investment trust’s stock valued at $92,484,000 after purchasing an additional 749,595 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Starwood Property Trust in the third quarter valued at about $9,285,000. Ieq Capital LLC purchased a new stake in shares of Starwood Property Trust during the fourth quarter worth about $9,650,000. Finally, Cardinal Capital Management LLC CT raised its position in shares of Starwood Property Trust by 10.3% during the 3rd quarter. Cardinal Capital Management LLC CT now owns 4,359,471 shares of the real estate investment trust’s stock worth $65,784,000 after purchasing an additional 405,836 shares during the last quarter. Institutional investors and hedge funds own 51.57% of the company’s stock.
STWD has been the topic of several research analyst reports. BTIG Research began coverage on Starwood Property Trust in a report on Tuesday, February 2nd. They issued a “buy” rating and a $21.00 price objective on the stock. Wolfe Research assumed coverage on Starwood Property Trust in a research report on Friday, November 6th. They set a “market perform” rating for the company. Finally, Zacks Investment Research downgraded Starwood Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, January 6th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $18.50.
NYSE:STWD opened at $22.10 on Friday. The stock has a 50 day moving average price of $19.62 and a 200 day moving average price of $17.29. The stock has a market cap of $6.29 billion, a PE ratio of 16.13 and a beta of 1.63. The company has a debt-to-equity ratio of 2.55, a quick ratio of 2.92 and a current ratio of 2.92. Starwood Property Trust, Inc. has a one year low of $7.59 and a one year high of $26.07.
In other news, COO Andrew Jay Sossen sold 12,500 shares of Starwood Property Trust stock in a transaction on Tuesday, November 24th. The stock was sold at an average price of $19.21, for a total transaction of $240,125.00. Following the transaction, the chief operating officer now owns 207,613 shares in the company, valued at approximately $3,988,245.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is owned by corporate insiders.
Starwood Property Trust Company Profile
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It 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 and residential first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, and other real estate and real estate-related debt investments.
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