Penserra Capital Management LLC Has $1.60 Million Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Penserra Capital Management LLC grew its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 17.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 78,693 shares of the real estate investment trust’s stock after acquiring an additional 11,560 shares during the period. Penserra Capital Management LLC’s holdings in Starwood Property Trust were worth $1,603,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in STWD. Kingsview Wealth Management LLC lifted its stake in Starwood Property Trust by 6.0% in the third quarter. Kingsview Wealth Management LLC now owns 14,474 shares of the real estate investment trust’s stock valued at $295,000 after acquiring an additional 821 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Starwood Property Trust by 82.6% during the 3rd quarter. Cerity Partners LLC now owns 59,969 shares of the real estate investment trust’s stock worth $1,222,000 after purchasing an additional 27,121 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Starwood Property Trust by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,109,988 shares of the real estate investment trust’s stock valued at $43,002,000 after purchasing an additional 116,182 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Starwood Property Trust by 66.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 224,962 shares of the real estate investment trust’s stock valued at $4,585,000 after purchasing an additional 90,046 shares during the last quarter. Finally, Commerce Bank boosted its holdings in Starwood Property Trust by 8.9% in the third quarter. Commerce Bank now owns 15,126 shares of the real estate investment trust’s stock worth $308,000 after purchasing an additional 1,242 shares in the last quarter. Institutional investors own 49.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on STWD. JMP Securities cut their target price on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a report on Thursday, November 7th. Keefe, Bruyette & Woods raised Starwood Property Trust from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $20.50 to $22.50 in a research note on Thursday, September 5th. Wells Fargo & Company boosted their target price on Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. JPMorgan Chase & Co. lowered their price target on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Finally, UBS Group boosted their price objective on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.25.

Starwood Property Trust Stock Down 0.3 %

Shares of STWD stock opened at $20.19 on Wednesday. Starwood Property Trust, Inc. has a 12 month low of $18.43 and a 12 month high of $22.29. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. The firm has a market cap of $6.81 billion, a PE ratio of 17.25 and a beta of 1.70. The stock has a 50 day moving average of $20.00 and a 200-day moving average of $19.79.

Starwood Property Trust (NYSE:STWD) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. The firm had revenue of $479.50 million during the quarter, compared to analysts’ expectations of $488.63 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 EPS. On average, equities analysts predict that Starwood Property Trust, Inc. will post 1.89 EPS for the current 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.