B. Riley Wealth Advisors Inc. Lowers Stake in Starwood Property Trust, Inc. (NYSE:STWD)

B. Riley Wealth Advisors Inc. lessened its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 64.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,698 shares of the real estate investment trust’s stock after selling 78,588 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Starwood Property Trust were worth $883,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in shares of Starwood Property Trust during the second quarter valued at approximately $487,000. Focus Financial Network Inc. increased its holdings in Starwood Property Trust by 10.9% during the 2nd quarter. Focus Financial Network Inc. now owns 24,219 shares of the real estate investment trust’s stock worth $493,000 after purchasing an additional 2,377 shares during the period. Fifth Third Bancorp raised its position 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 valued at $49,000 after purchasing an additional 531 shares in the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Starwood Property Trust in the 2nd quarter worth $275,000. Finally, 1620 Investment Advisors Inc. grew its position in shares of Starwood Property Trust by 2,808.7% during the 2nd quarter. 1620 Investment Advisors Inc. now owns 33,886 shares of the real estate investment trust’s stock worth $642,000 after buying an additional 32,721 shares in the last quarter. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

Shares of NYSE STWD opened at $19.85 on Wednesday. The company has a 50 day simple moving average of $19.92 and a two-hundred day simple moving average of $19.83. Starwood Property Trust, Inc. has a 12 month low of $18.43 and a 12 month high of $22.29. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 16.97 and a beta of 1.69. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61.

Starwood Property Trust (NYSE:STWD) last announced its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.05. The company had revenue of $479.50 million for the quarter, compared to analysts’ expectations of $488.63 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.46 EPS. As a group, analysts predict that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $20.50 to $22.50 in a research note on Thursday, September 5th. Wells Fargo & Company boosted their price objective 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. JMP Securities cut their price target on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a report on Thursday, November 7th. Finally, UBS Group raised their price objective on Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. 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 company’s stock. According to data from MarketBeat.com, Starwood Property Trust has an average rating of “Moderate Buy” and an average price target of $22.25.

Starwood Property Trust Company 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.