Starwood Property Trust (STWD) : Ranger International Management Lp reduced its stake in Starwood Property Trust by 9.74% during the most recent quarter end. The investment management company now holds a total of 526,758 shares of Starwood Property Trust which is valued at $11,873,125 after selling 56,870 shares in Starwood Property Trust , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Starwood Property Trust makes up approximately 4.87% of Ranger International Management Lp’s portfolio.
Other Hedge Funds, Including , Cornerstone Capital Management Holdings. boosted its stake in STWD in the latest quarter, The investment management firm added 96,394 additional shares and now holds a total of 125,614 shares of Starwood Property Trust which is valued at $2,831,340. Starwood Property Trust makes up approx 0.02% of Cornerstone Capital Management Holdings.’s portfolio.Comerica Bank reduced its stake in STWD by selling 21,812 shares or 2.28% in the most recent quarter. The Hedge Fund company now holds 935,984 shares of STWD which is valued at $21,097,079. Starwood Property Trust makes up approx 0.18% of Comerica Bank’s portfolio.Carroll Financial Associates reduced its stake in STWD by selling 500 shares or 56.63% in the most recent quarter. The Hedge Fund company now holds 383 shares of STWD which is valued at $8,215.
Starwood Property Trust opened for trading at $22.36 and hit $22.74 on the upside on Monday, eventually ending the session at $22.65, with a gain of 1.48% or 0.33 points. The heightened volatility saw the trading volume jump to 22,55,221 shares. Company has a market cap of $5,392 M.
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.