
Lake Street Advisors Group LLC Has $2.67 Million Position in Starwood Property Trust, Inc. (NYSE:STWD)
Lake Street Advisors Group LLC increased its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 293.2% in Q4, owning 137,264 shares valued at $2.67 million. Other institutional investors also adjusted their positions. Analysts have mixed ratings on STWD, with an average target price of $22.13. The stock opened at $20.02, with a market cap of $6.75 billion and a P/E ratio of 17.11. Starwood Property Trust operates as a REIT, focusing on various lending and investment segments.
Lake Street Advisors Group LLC increased its holdings in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 293.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,264 shares of the real estate investment trust's stock after purchasing an additional 102,351 shares during the period. Lake Street Advisors Group LLC's holdings in Starwood Property Trust were worth $2,667,000 at the end of the most recent quarter.
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Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Albion Financial Group UT acquired a new position in shares of Starwood Property Trust in the 4th quarter worth approximately $28,000. Brooklyn Investment Group grew its position in Starwood Property Trust by 86.1% in the fourth quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 730 shares during the period. UMB Bank n.a. grew its position in Starwood Property Trust by 69.7% in the fourth quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 717 shares during the period. Point72 DIFC Ltd acquired a new position in Starwood Property Trust during the third quarter worth $55,000. Finally, Covestor Ltd lifted its holdings in shares of Starwood Property Trust by 23.6% during the third quarter. Covestor Ltd now owns 5,959 shares of the real estate investment trust's stock valued at $121,000 after acquiring an additional 1,137 shares during the period. Institutional investors own 49.82% of the company's stock.
Wall Street Analysts Forecast Growth
STWD has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Starwood Property Trust from $20.00 to $19.50 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. JMP Securities decreased 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. UBS Group lifted 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 note on Friday, November 15th. Finally, Keefe, Bruyette & Woods decreased their price target on Starwood Property Trust from $22.50 to $22.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 14th. Three investment 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $22.13.
Read Our Latest Stock Analysis on STWD
Starwood Property Trust Price Performance
STWD opened at $20.02 on Wednesday. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market capitalization of $6.75 billion, a P/E ratio of 17.11 and a beta of 1.69. The company's 50 day simple moving average is $19.35 and its 200-day simple moving average is $19.80. Starwood Property Trust, Inc. has a one year low of $18.12 and a one year high of $21.17.
Starwood Property Trust Company Profile
(Free Report)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.
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