Rafferty Asset Management LLC Purchases 17,612 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Rafferty Asset Management LLC lifted its position in Starwood Property Trust, Inc. (NYSE:STWD) by 12.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 155,319 shares of the real estate investment trust’s stock after purchasing an additional 17,612 shares during the quarter. Rafferty Asset Management LLC owned about 0.05% of Starwood Property Trust worth $4,065,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. WINTON GROUP Ltd increased its holdings in shares of Starwood Property Trust by 44.3% in the second quarter. WINTON GROUP Ltd now owns 32,292 shares of the real estate investment trust’s stock worth $845,000 after purchasing an additional 9,908 shares during the period. JTC Employer Solutions Trusteee Ltd purchased a new position in Starwood Property Trust in the second quarter worth $131,000. Stelac Advisory Services LLC grew its position in Starwood Property Trust by 18.8% in the second quarter. Stelac Advisory Services LLC now owns 18,651 shares of the real estate investment trust’s stock worth $488,000 after acquiring an additional 2,945 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in Starwood Property Trust by 792.2% in the second quarter. O Shaughnessy Asset Management LLC now owns 204,125 shares of the real estate investment trust’s stock worth $5,340,000 after acquiring an additional 181,246 shares in the last quarter. Finally, Belpointe Asset Management LLC grew its position in Starwood Property Trust by 3.7% in the second quarter. Belpointe Asset Management LLC now owns 24,505 shares of the real estate investment trust’s stock worth $641,000 after acquiring an additional 884 shares in the last quarter. 46.23% of the stock is currently owned by hedge funds and other institutional investors.

NYSE STWD opened at $24.69 on Wednesday. The company has a 50-day simple moving average of $25.67 and a two-hundred day simple moving average of $25.35. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 2.90. Starwood Property Trust, Inc. has a 12-month low of $13.76 and a 12-month high of $27.00. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 14.78 and a beta of 1.65.

Several brokerages recently issued reports on STWD. JMP Securities upped their target price on shares of Starwood Property Trust from $17.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 4th. Zacks Investment Research upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Thursday, July 8th. BTIG Research upped their target price on shares of Starwood Property Trust from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, June 10th. Finally, Raymond James upped their price target on shares of Starwood Property Trust from $27.50 to $30.00 and gave the company an “outperform” rating in a research report on Friday, August 6th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $28.00.

About Starwood Property Trust

Starwood Property Trust, Inc engages in originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt and equity investments. It operates through the following segments: Real Estate Commercial and Residential Lending, Real Estate Property, Infrastructure Lending and Real Estate Investing and Servicing.

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Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

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