Pinnacle Financial Partners Inc Has $389,000 Position in Starwood Property Trust, Inc. (NYSE:STWD)

Pinnacle Financial Partners Inc lessened its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 16.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,090 shares of the real estate investment trust’s stock after selling 3,700 shares during the period. Pinnacle Financial Partners Inc’s holdings in Starwood Property Trust were worth $389,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Starwood Property Trust in the 1st quarter worth approximately $26,000. Altshuler Shaham Ltd bought a new stake in Starwood Property Trust in the second quarter valued at $28,000. Future Financial Wealth Managment LLC acquired a new position in Starwood Property Trust during the third quarter worth $34,000. Quarry LP bought a new position in shares of Starwood Property Trust during the second quarter valued at $36,000. Finally, Godsey & Gibb Inc. acquired a new stake in shares of Starwood Property Trust in the 3rd quarter valued at $41,000. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

Shares of NYSE:STWD opened at $19.56 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61. Starwood Property Trust, Inc. has a 1-year low of $18.43 and a 1-year high of $22.29. The stock has a market capitalization of $6.59 billion, a P/E ratio of 16.72 and a beta of 1.70. The business has a 50-day moving average price of $20.01 and a two-hundred day moving average price of $19.78.

Starwood Property Trust (NYSE:STWD) last posted its quarterly 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 net margin of 18.82% and a return on equity of 9.93%. The business had revenue of $479.50 million during the quarter, compared to the consensus estimate of $488.63 million. During the same period in the previous year, the firm posted $0.46 earnings per share. Starwood Property Trust’s revenue for the quarter was down 8.1% compared to the same quarter last year. Equities analysts predict that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, September 20th. BTIG Research reiterated a “buy” rating and issued a $24.00 target price on shares of Starwood Property Trust in a research note on Friday, July 19th. JPMorgan Chase & Co. decreased their price target on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating on the stock in a research 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 target for the company from $20.50 to $22.50 in a report on Thursday, September 5th. Finally, JMP Securities reduced their price objective on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a research note on Thursday, November 7th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Starwood Property Trust presently has an average rating of “Moderate Buy” and a consensus price target 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.