California Public Employees Retirement System grew its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 38.2% during the third quarter, HoldingsChannel reports. The firm owned 753,419 shares of the real estate investment trust’s stock after purchasing an additional 208,128 shares during the quarter. California Public Employees Retirement System’s holdings in Starwood Property Trust were worth $18,248,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in STWD. Lenox Wealth Advisors LLC bought a new stake in shares of Starwood Property Trust during the 3rd quarter valued at about $25,000. AdvisorNet Financial Inc boosted its stake in shares of Starwood Property Trust by 484.9% during the 3rd quarter. AdvisorNet Financial Inc now owns 1,088 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 902 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in shares of Starwood Property Trust during the 2nd quarter valued at about $27,000. Pacific Center for Financial Services bought a new stake in shares of Starwood Property Trust during the 2nd quarter valued at about $27,000. Finally, Sandy Spring Bank bought a new stake in shares of Starwood Property Trust during the 2nd quarter valued at about $28,000. 62.80% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO Rina Paniry sold 13,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $24.01, for a total transaction of $312,130.00. Following the sale, the chief financial officer now owns 199,927 shares of the company’s stock, valued at $4,800,247.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Jeffrey F. Dimodica sold 30,000 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $23.74, for a total transaction of $712,200.00. Following the sale, the president now directly owns 305,765 shares in the company, valued at approximately $7,258,861.10. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.
NYSE:STWD opened at $24.26 on Friday. Starwood Property Trust, Inc. has a one year low of $19.16 and a one year high of $24.96. The company has a debt-to-equity ratio of 2.29, a current ratio of 2.61 and a quick ratio of 2.61. The company’s 50-day simple moving average is $24.37 and its 200 day simple moving average is $23.42. The firm has a market capitalization of $6.82 billion, a P/E ratio of 11.50 and a beta of 0.57.
Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. Starwood Property Trust had a net margin of 31.15% and a return on equity of 10.51%. The business had revenue of $288.33 million for the quarter, compared to analyst estimates of $327.04 million. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Starwood Property Trust’s quarterly revenue was up .9% on a year-over-year basis. On average, equities research analysts expect that Starwood Property Trust, Inc. will post 1.75 earnings per share for the current fiscal year.
STWD has been the topic of a number of research reports. Zacks Investment Research lowered shares of Starwood Property Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Raymond James lifted their target price on shares of Starwood Property Trust from $24.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th.
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.
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