MeadowBrook Investment Advisors LLC Has $374,000 Stock Position in Starwood Property Trust, Inc. (NYSE:STWD)

MeadowBrook Investment Advisors LLC grew its position in Starwood Property Trust, Inc. (NYSE:STWD) by 5.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 18,330 shares of the real estate investment trust’s stock after purchasing an additional 950 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in Starwood Property Trust were worth $374,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in STWD. Allspring Global Investments Holdings LLC acquired a new stake in shares of Starwood Property Trust in the first quarter worth $26,000. Altshuler Shaham Ltd bought a new position in shares of Starwood Property Trust during the second quarter valued at $28,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Starwood Property Trust in the 3rd quarter valued at $34,000. Quarry LP bought a new stake in shares of Starwood Property Trust in the 2nd quarter worth about $36,000. Finally, Godsey & Gibb Inc. bought a new stake in shares of Starwood Property Trust in the 3rd quarter worth about $41,000. 49.82% of the stock is owned by hedge funds and other institutional investors.

Starwood Property Trust Stock Up 0.4 %

Shares of NYSE:STWD traded up $0.07 during midday trading on Thursday, hitting $19.51. The stock had a trading volume of 442,017 shares, compared to its average volume of 2,308,237. 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 business’s 50-day simple moving average is $20.02 and its 200-day simple moving average is $19.78. Starwood Property Trust, Inc. has a 12 month low of $18.43 and a 12 month high of $22.29. The company has a market cap of $6.58 billion, a P/E ratio of 16.62 and a beta of 1.70.

Starwood Property Trust (NYSE:STWD) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The company had revenue of $479.50 million during the quarter, compared to the consensus estimate of $488.63 million. During the same quarter last year, the firm earned $0.46 earnings per share. The company’s revenue was down 8.1% on a year-over-year basis. On average, sell-side analysts forecast that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on STWD shares. JPMorgan Chase & Co. lowered their target price on shares of Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Keefe, Bruyette & Woods raised shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $20.50 to $22.50 in a report on Thursday, September 5th. BTIG Research reaffirmed a “buy” rating and issued a $24.00 target price on shares of Starwood Property Trust in a report on Friday, July 19th. Wells Fargo & Company increased their price objective on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Finally, JMP Securities decreased their price objective on shares of 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. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.38.

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.