Starwood Property Trust (STWD) : Penn Mutual Life Insurance Co added new position in Starwood Property Trust during the most recent quarter end. The investment management firm now holds 200,000 shares of Starwood Property Trust which is valued at $4,508,000 , the company said in a statement filed on Aug 15, 2016 with the SEC.Starwood Property Trust makes up approximately 3.09% of Penn Mutual Life Insurance Co’s portfolio.
Other Hedge Funds, Including , Soros Fund Management sold out all of its stake in STWD during the most recent quarter. The investment firm sold 525,000 shares of STWD which is valued $11,833,500.Credit Suisse Ag reduced its stake in STWD by selling 375,593 shares or 65.46% in the most recent quarter. The Hedge Fund company now holds 198,155 shares of STWD which is valued at $4,466,414. Starwood Property Trust makes up approx 0.01% of Credit Suisse Ag’s portfolio.Bell State Bank Trust boosted its stake in STWD in the latest quarter, The investment management firm added 7,205 additional shares and now holds a total of 112,805 shares of Starwood Property Trust which is valued at $2,542,625. Starwood Property Trust makes up approx 1.44% of Bell State Bank Trust’s portfolio.First Trust Advisors Lp boosted its stake in STWD in the latest quarter, The investment management firm added 206,181 additional shares and now holds a total of 740,294 shares of Starwood Property Trust which is valued at $16,575,183. Starwood Property Trust makes up approx 0.05% of First Trust Advisors Lp’s portfolio.Parkwood reduced its stake in STWD by selling 3,598 shares or 14.75% in the most recent quarter. The Hedge Fund company now holds 20,800 shares of STWD which is valued at $448,032. Starwood Property Trust makes up approx 0.07% of Parkwood’s portfolio.
Starwood Property Trust (STWD) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $22.85 and reached the intraday high at $22.99. The bulls started the profit booking and pushed the shares to intraday low of $22.7. The trading session was marked by a volume range of 21,52,145 shares exchanging hands. The 52-week high of the shares is $22.99 and the 52-week low is $16.69. The market cap of the company stands at $5,451 M and there are 23,80,48,380 shares in public circulation.
On the company’s financial health, Starwood Property Trust reported $0.50 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $0.50. The company had revenue of $200.00 million for the quarter, compared to analysts expectations of $211.44 million. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.
Many Wall Street Analysts have commented on Starwood Property Trust. Company shares were Downgraded by Compass Point on Aug 15, 2016 to ” Neutral”, Firm has raised the Price Target to $ 23 from a previous price target of $22 .Company shares were Reiterated by FBR Capital on Jun 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 24 from a previous price target of $22 .
Starwood Property Trust Inc. is a holding company that operates as a real estate investment trust (REIT). The Company through its subsidiaries focuses on originating acquiring financing and managing commercial mortgage loans commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments in the United States and Europe. The Company operates through two segments: Lending Segment and Investing and Servicing Segment. The Company’s Lending Segment represents investments in real estate-related loans and securities that are held-for-investment. The Investing and Servicing Segment includes servicing businesses in the United States and Europe an investment business that acquires and manages real estate finance investments and a mortgage loan business. The Company is externally managed and advised by SPT Management LLC an affiliate of Starwood Capital Group.