Sonora Investment Management Group LLC Trims Stake in Starwood Property Trust, Inc. (NYSE:STWD)

Sonora Investment Management Group LLC decreased its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 22.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 27,835 shares of the real estate investment trust’s stock after selling 8,231 shares during the quarter. Sonora Investment Management Group LLC’s holdings in Starwood Property Trust were worth $527,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in Starwood Property Trust by 5.8% in 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 buying an additional 116,182 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Starwood Property Trust by 147.2% in the third quarter. BNP Paribas Financial Markets now owns 225,245 shares of the real estate investment trust’s stock valued at $4,590,000 after acquiring an additional 134,121 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Starwood Property Trust by 66.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 224,962 shares of the real estate investment trust’s stock worth $4,585,000 after acquiring an additional 90,046 shares during the period. Kestra Investment Management LLC purchased a new position in Starwood Property Trust during the third quarter worth about $2,250,000. Finally, Quest Partners LLC boosted its holdings in Starwood Property Trust by 128.7% in the 3rd quarter. Quest Partners LLC now owns 66,724 shares of the real estate investment trust’s stock valued at $1,360,000 after purchasing an additional 37,554 shares in the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their target price on Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. UBS Group boosted their target price on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. JMP Securities cut their price target on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Starwood Property Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.13.

Starwood Property Trust Stock Up 1.0 %

Shares of NYSE STWD opened at $19.29 on Friday. The firm’s 50 day moving average price is $19.51 and its 200 day moving average price is $19.82. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market cap of $6.50 billion, a P/E ratio of 16.48 and a beta of 1.69. Starwood Property Trust, Inc. has a 1 year low of $18.12 and a 1 year high of $21.17.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating 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 business had revenue of $479.50 million during the quarter, compared to the consensus estimate of $488.63 million. During the same quarter in the previous year, the business earned $0.46 earnings per share. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.

About Starwood Property Trust

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.