Pine Valley Investments Ltd Liability Co Has $280,000 Position in Starwood Property Trust, Inc. (NYSE:STWD)

Pine Valley Investments Ltd Liability Co trimmed its position in Starwood Property Trust, Inc. (NYSE:STWD) by 17.1% during the third quarter, HoldingsChannel.com reports. The fund owned 13,671 shares of the real estate investment trust’s stock after selling 2,818 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Starwood Property Trust were worth $280,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of STWD. Altshuler Shaham Ltd acquired a new position in Starwood Property Trust in the second quarter valued at about $28,000. Future Financial Wealth Managment LLC acquired a new position in shares of Starwood Property Trust in the 3rd quarter valued at approximately $34,000. Quarry LP bought a new stake in Starwood Property Trust during the 2nd quarter worth approximately $36,000. Godsey & Gibb Inc. acquired a new stake in Starwood Property Trust during the 3rd quarter worth approximately $41,000. Finally, Fifth Third Bancorp raised its holdings in Starwood Property Trust by 26.0% during the 2nd quarter. Fifth Third Bancorp now owns 2,572 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 531 shares during the period. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Price Performance

NYSE:STWD opened at $20.14 on Friday. Starwood Property Trust, Inc. has a 52-week low of $18.43 and a 52-week high of $22.29. The company has a market cap of $6.79 billion, a P/E ratio of 17.21 and a beta of 1.69. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. The stock’s 50-day simple moving average is $19.90 and its 200 day simple moving average is $19.81.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.05. The firm had revenue of $479.50 million for the quarter, compared to analyst estimates of $488.63 million. Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The business’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 EPS. As a group, sell-side analysts forecast that Starwood Property Trust, Inc. will post 1.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on STWD shares. UBS Group increased 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 report on Friday, November 15th. Wells Fargo & Company upped their target price on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Keefe, Bruyette & Woods raised Starwood Property Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $20.50 to $22.50 in a research note on Thursday, September 5th. JPMorgan Chase & Co. cut their price target on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Finally, JMP Securities decreased their price objective 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. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.25.

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.