Starwood Property Trust (STWD) : Greenwich Investment Management reduced its stake in Starwood Property Trust by 1.3% during the most recent quarter end. The investment management company now holds a total of 337,669 shares of Starwood Property Trust which is valued at $6.8 Million after selling 4,450 shares in Starwood Property Trust , the firm said in a disclosure report filed with the SEC on May 13, 2016.Starwood Property Trust makes up approximately 7.99% of Greenwich Investment Management’s portfolio.
Other Hedge Funds, Including , Raiff Partners Inc boosted its stake in STWD in the latest quarter, The investment management firm added 116,000 additional shares and now holds a total of 186,000 shares of Starwood Property Trust which is valued at $3.8 Million. Starwood Property Trust makes up approx 4.36% of Raiff Partners Inc’s portfolio. Ropes Wealth Advisors sold out all of its stake in STWD during the most recent quarter. The investment firm sold 150 shares of STWD which is valued $3,030.Cedar Capital reduced its stake in STWD by selling 61,378 shares or 17.23% in the most recent quarter. The Hedge Fund company now holds 294,790 shares of STWD which is valued at $6 Million. Starwood Property Trust makes up approx 1.74% of Cedar Capital’s portfolio. Ngam Advisors added STWD to its portfolio by purchasing 12,744 company shares during the most recent quarter which is valued at $250,674.
Starwood Property Trust opened for trading at $20.25 and hit $20.38 on the upside on Wednesday, eventually ending the session at $20.37, with a gain of 0.79% or 0.16 points. The heightened volatility saw the trading volume jump to 16,04,134 shares. Company has a market cap of $4,841 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 May 9, 2016. Analyst had a consensus estimate of $0.50. The company had revenue of $195.50 million for the quarter, compared to analysts expectations of $198.64 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.
Many Wall Street Analysts have commented on Starwood Property Trust. Shares were Reiterated by Compass Point on Apr 7, 2016 to “Buy” and Lowered the Price Target to $ 22 from a previous price target of $23 .Shares were Reiterated by FBR Capital on Feb 26, 2016 to “Outperform” and Lowered the Price Target to $ 22 from a previous price target of $25 .
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.