Concurrent Investment Advisors LLC Sells 935 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Concurrent Investment Advisors LLC lessened its position in Starwood Property Trust, Inc. (NYSE:STWD) by 0.7% during the third quarter, Holdings Channel reports. The institutional investor owned 131,942 shares of the real estate investment trust’s stock after selling 935 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Starwood Property Trust were worth $2,689,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of STWD. Stratos Wealth Advisors LLC lifted its position in Starwood Property Trust by 79.1% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 82,637 shares of the real estate investment trust’s stock worth $1,684,000 after buying an additional 36,493 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Starwood Property Trust during the first quarter valued at approximately $26,000. Van ECK Associates Corp grew its stake in Starwood Property Trust by 27.1% in the third quarter. Van ECK Associates Corp now owns 1,313,824 shares of the real estate investment trust’s stock valued at $26,106,000 after purchasing an additional 279,793 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Starwood Property Trust by 70.0% during the 1st quarter. Cetera Investment Advisers now owns 334,893 shares of the real estate investment trust’s stock worth $6,808,000 after purchasing an additional 137,923 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in shares of Starwood Property Trust in the 2nd quarter valued at approximately $568,000. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

NYSE:STWD opened at $19.40 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.80. The stock has a 50 day simple moving average of $20.13 and a 200 day simple moving average of $19.78. Starwood Property Trust, Inc. has a 1-year low of $18.42 and a 1-year high of $22.29. The stock has a market cap of $6.15 billion, a P/E ratio of 17.80 and a beta of 1.70.

Starwood Property Trust (NYSE:STWD) last announced its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. The company had revenue of $489.80 million during the quarter, compared to analysts’ expectations of $505.23 million. During the same quarter in the previous year, the business posted $0.47 earnings per share. Starwood Property Trust’s quarterly revenue was down 5.0% on a year-over-year basis. Research analysts anticipate that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on STWD. JPMorgan Chase & Co. boosted their target price on shares of Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. 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 company from $20.50 to $22.50 in a report on Thursday, September 5th. Wells Fargo & Company raised their target price on shares of Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Finally, BTIG Research reissued a “buy” rating and set a $24.00 price target on shares of Starwood Property Trust in a research report on Friday, July 19th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.36.

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.