ETRADE Capital Management LLC Cuts Stock Position in Starwood Property Trust, Inc. (NYSE:STWD)

ETRADE Capital Management LLC reduced its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 32.6% in the second quarter, Holdings Channel.com reports. The fund owned 57,551 shares of the real estate investment trust’s stock after selling 27,814 shares during the period. ETRADE Capital Management LLC’s holdings in Starwood Property Trust were worth $861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Nuveen Asset Management LLC raised its holdings in shares of Starwood Property Trust by 51.3% during the 1st quarter. Nuveen Asset Management LLC now owns 5,874,350 shares of the real estate investment trust’s stock valued at $60,212,000 after buying an additional 1,992,037 shares in the last quarter. State Street Corp grew its holdings in Starwood Property Trust by 5.8% in the first quarter. State Street Corp now owns 4,422,488 shares of the real estate investment trust’s stock worth $47,418,000 after purchasing an additional 242,707 shares during the period. Geode Capital Management LLC boosted its stake in Starwood Property Trust by 22.4% in the 1st quarter. Geode Capital Management LLC now owns 4,119,387 shares of the real estate investment trust’s stock worth $42,607,000 after purchasing an additional 754,955 shares in the last quarter. LSV Asset Management lifted its stake in Starwood Property Trust by 9.5% during the 2nd quarter. LSV Asset Management now owns 3,723,083 shares of the real estate investment trust’s stock valued at $55,697,000 after acquiring an additional 322,827 shares during the period. Finally, Prudential Financial Inc. grew its stake in shares of Starwood Property Trust by 24,062.6% during the 2nd quarter. Prudential Financial Inc. now owns 2,576,212 shares of the real estate investment trust’s stock valued at $38,540,000 after purchasing an additional 2,565,550 shares during the period. 53.68% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently issued reports on the stock. Deutsche Bank upped their target price on shares of Starwood Property Trust from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Zacks Investment Research cut shares of Starwood Property Trust from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Raymond James raised their price target on shares of Starwood Property Trust from $20.50 to $21.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. Starwood Property Trust presently has a consensus rating of “Buy” and a consensus target price of $20.57.

Shares of NYSE STWD traded down $0.36 during mid-day trading on Friday, hitting $15.30. The company had a trading volume of 49,835 shares, compared to its average volume of 1,996,889. The firm has a market cap of $4.52 billion, a P/E ratio of 8.50 and a beta of 1.41. The business’s 50-day simple moving average is $15.38 and its 200-day simple moving average is $15.32. Starwood Property Trust, Inc. has a 12 month low of $7.59 and a 12 month high of $26.33. The company has a debt-to-equity ratio of 2.40, a current ratio of 2.81 and a quick ratio of 2.81.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. Starwood Property Trust had a net margin of 32.32% and a return on equity of 11.07%. The company had revenue of $265.61 million for the quarter, compared to the consensus estimate of $289.87 million. During the same period last year, the company earned $0.52 earnings per share. The firm’s revenue was down 24.5% compared to the same quarter last year. As a group, sell-side analysts predict that Starwood Property Trust, Inc. will post 1.7 EPS for the current year.

Starwood Property Trust Company Profile

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.

Further Reading: Overbought

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Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

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