Starwood Property Trust, Inc. (NYSE:STWD) Short Interest Update

Starwood Property Trust, Inc. (NYSE:STWD) saw a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 9,760,000 shares, a decrease of 22.1% from the October 31st total of 12,530,000 shares. Based on an average daily volume of 2,670,000 shares, the days-to-cover ratio is currently 3.7 days.

Starwood Property Trust Stock Up 0.3 %

STWD traded up $0.07 during trading on Friday, hitting $20.37. The company had a trading volume of 915,212 shares, compared to its average volume of 2,209,496. The company has a market capitalization of $6.87 billion, a PE ratio of 17.41 and a beta of 1.70. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. Starwood Property Trust has a one year low of $18.43 and a one year high of $22.29. The firm’s 50-day moving average price is $19.96 and its 200 day moving average price is $19.80.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS 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 company had revenue of $479.50 million for the quarter, compared to analyst estimates of $488.63 million. During the same period in the previous year, the company posted $0.46 earnings per share. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. As a group, equities analysts expect that Starwood Property Trust will post 1.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on STWD. Wells Fargo & Company raised their target price on Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. JMP Securities reduced their price objective on shares of 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 objective on shares of Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. UBS Group increased their target price on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Finally, Keefe, Bruyette & Woods raised shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $20.50 to $22.50 in a report on Thursday, September 5th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Starwood Property Trust has an average rating of “Moderate Buy” and a consensus price target of $22.25.

Institutional Trading of Starwood Property Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in STWD. Tidal Investments LLC increased its position in shares of Starwood Property Trust by 22.0% in the third quarter. Tidal Investments LLC now owns 27,351 shares of the real estate investment trust’s stock valued at $557,000 after acquiring an additional 4,930 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of Starwood Property Trust by 0.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 144,152 shares of the real estate investment trust’s stock worth $2,871,000 after purchasing an additional 1,173 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Starwood Property Trust in the 3rd quarter valued at approximately $325,000. Sunbelt Securities Inc. grew its stake in shares of Starwood Property Trust by 2.3% in the third quarter. Sunbelt Securities Inc. now owns 58,370 shares of the real estate investment trust’s stock valued at $1,190,000 after buying an additional 1,293 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Starwood Property Trust by 8.1% during the third quarter. Geode Capital Management LLC now owns 5,345,000 shares of the real estate investment trust’s stock worth $108,960,000 after buying an additional 399,672 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Company 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.