Van ECK Associates Corp Lowers Stock Position in Starwood Property Trust, Inc. (NYSE:STWD)

Van ECK Associates Corp cut its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 19.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,063,226 shares of the real estate investment trust’s stock after selling 250,598 shares during the quarter. Van ECK Associates Corp’s holdings in Starwood Property Trust were worth $20,148,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake 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 buying an additional 116,182 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Starwood Property Trust by 147.2% during the 3rd 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. lifted its holdings in shares of Starwood Property Trust by 66.7% during 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 acquiring an additional 90,046 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Starwood Property Trust during the 3rd quarter valued at $2,250,000. Finally, Quest Partners LLC lifted its holdings in shares of Starwood Property Trust by 128.7% during 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 acquiring an additional 37,554 shares in the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

STWD has been the topic of several recent research reports. UBS Group lifted their target price on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 15th. JMP Securities reduced their target price 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. JPMorgan Chase & Co. reduced their target price on shares of Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods reduced their target price 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 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.13.

Starwood Property Trust Stock Performance

Shares of STWD stock opened at $19.78 on Friday. Starwood Property Trust, Inc. has a 12 month low of $18.12 and a 12 month high of $21.17. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a market capitalization of $6.67 billion, a P/E ratio of 16.91 and a beta of 1.69. The company’s fifty day moving average price is $19.38 and its two-hundred day moving average price is $19.78.

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.