Aviance Capital Partners LLC Purchases 2,750 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Aviance Capital Partners LLC grew its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,550 shares of the real estate investment trust’s stock after buying an additional 2,750 shares during the period. Aviance Capital Partners LLC’s holdings in Starwood Property Trust were worth $1,845,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp grew its position in Starwood Property Trust by 27.1% during the third quarter. Van ECK Associates Corp now owns 1,313,824 shares of the real estate investment trust’s stock worth $26,106,000 after buying an additional 279,793 shares in the last quarter. Raymond James & Associates increased its position in shares of Starwood Property Trust by 0.6% in the third quarter. Raymond James & Associates now owns 1,090,325 shares of the real estate investment trust’s stock worth $22,221,000 after purchasing an additional 6,616 shares during the period. Valley Wealth Managers Inc. raised its stake in Starwood Property Trust by 30.3% in the third quarter. Valley Wealth Managers Inc. now owns 1,026,455 shares of the real estate investment trust’s stock valued at $20,919,000 after purchasing an additional 238,994 shares in the last quarter. Rhumbline Advisers lifted its position in Starwood Property Trust by 0.4% during the second quarter. Rhumbline Advisers now owns 865,410 shares of the real estate investment trust’s stock worth $16,391,000 after purchasing an additional 3,259 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its stake in Starwood Property Trust by 2.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 477,036 shares of the real estate investment trust’s stock worth $9,722,000 after buying an additional 10,865 shares in the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

NYSE STWD opened at $19.56 on Tuesday. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 16.72 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, Inc. has a twelve month low of $18.43 and a twelve month high of $22.29. The stock has a fifty day simple moving average of $20.01 and a 200 day simple moving average of $19.79.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The company had revenue of $479.50 million during the quarter, compared to the consensus estimate of $488.63 million. Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The firm’s revenue was down 8.1% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. Sell-side analysts expect that Starwood Property Trust, Inc. will post 1.89 EPS for the current year.

Analyst Ratings Changes

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

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.