Aigen Investment Management LP Purchases 4,968 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Aigen Investment Management LP lifted its position in Starwood Property Trust, Inc. (NYSE:STWD) by 11.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,693 shares of the real estate investment trust’s stock after acquiring an additional 4,968 shares during the quarter. Aigen Investment Management LP’s holdings in Starwood Property Trust were worth $972,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new stake in Starwood Property Trust during the 1st quarter valued at $26,000. Oppenheimer & Co. Inc. raised its holdings in Starwood Property Trust by 7.2% in the first quarter. Oppenheimer & Co. Inc. now owns 52,308 shares of the real estate investment trust’s stock worth $1,063,000 after purchasing an additional 3,497 shares in the last quarter. Swiss National Bank lifted its position in shares of Starwood Property Trust by 0.3% during the first quarter. Swiss National Bank now owns 618,365 shares of the real estate investment trust’s stock valued at $12,571,000 after buying an additional 2,000 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Starwood Property Trust by 2.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 337,831 shares of the real estate investment trust’s stock valued at $6,868,000 after buying an additional 9,541 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its position in shares of Starwood Property Trust by 38.2% in the 1st quarter. Kingsview Wealth Management LLC now owns 16,142 shares of the real estate investment trust’s stock worth $328,000 after buying an additional 4,460 shares during the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

Starwood Property Trust Stock Down 1.3 %

NYSE:STWD opened at $19.30 on Wednesday. The firm has a market capitalization of $6.51 billion, a P/E ratio of 16.49 and a beta of 1.70. The company’s fifty day moving average price is $20.03 and its 200-day moving average price is $19.78. Starwood Property Trust, Inc. has a 1-year low of $18.43 and a 1-year high of $22.29. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share 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 analyst estimates of $488.63 million. During the same quarter last year, the business posted $0.46 EPS. The company’s revenue was down 8.1% on a year-over-year basis. As a group, equities research analysts anticipate that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on STWD. Wells Fargo & Company raised their target price on shares of Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. JMP Securities dropped their target price 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. JPMorgan Chase & Co. decreased their price target on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. BTIG Research reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Starwood Property Trust in a research report on Friday, July 19th. Finally, Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and upped their price target for the company from $20.50 to $22.50 in a research note on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Starwood Property Trust presently has an average rating of “Moderate Buy” and an average target price 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.