Waterfront Capital Partners LLC Makes New Investment in Starwood Property Trust, Inc. (NYSE:STWD)

Waterfront Capital Partners LLC acquired a new position in Starwood Property Trust, Inc. (NYSE:STWD) in the 3rd quarter, HoldingsChannel reports. The fund acquired 265,529 shares of the real estate investment trust’s stock, valued at approximately $5,411,000. Starwood Property Trust accounts for about 0.7% of Waterfront Capital Partners LLC’s holdings, making the stock its 27th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in Starwood Property Trust in the second quarter worth about $28,000. Future Financial Wealth Managment LLC bought a new stake in shares of Starwood Property Trust during the third quarter valued at approximately $34,000. Quarry LP bought a new stake in shares of Starwood Property Trust during the second quarter valued at approximately $36,000. Godsey & Gibb Inc. bought a new position in Starwood Property Trust in the third quarter worth approximately $41,000. Finally, GAMMA Investing LLC raised its stake in Starwood Property Trust by 54.1% in the second quarter. GAMMA Investing LLC now owns 2,263 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 794 shares in the last quarter. Institutional investors own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. JMP Securities reduced their price objective on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a research note on Thursday, November 7th. UBS Group boosted their price objective on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. reduced 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 research note on Thursday, November 7th. Keefe, Bruyette & Woods raised shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $20.50 to $22.50 in a report on Thursday, September 5th. Finally, Wells Fargo & Company lifted their price target on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Starwood Property Trust has a consensus rating of “Moderate Buy” and a consensus price target of $22.25.

Starwood Property Trust Price Performance

Shares of STWD opened at $20.30 on Friday. The firm has a market capitalization of $6.84 billion, a PE ratio of 17.35 and a beta of 1.70. 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, Inc. has a 1-year low of $18.43 and a 1-year high of $22.29. The company’s fifty day moving average price is $19.98 and its 200-day moving average price is $19.80.

Starwood Property Trust (NYSE:STWD) last announced 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 net margin of 18.82% and a return on equity of 9.93%. The firm 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 earned $0.46 earnings per share. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, equities research analysts predict that Starwood Property Trust, Inc. will post 1.89 EPS for the current year.

About Starwood Property Trust

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.