Rafferty Asset Management LLC Purchased 32,760 Shares of Starwood Property Trust, Inc. (STWD)

Rafferty Asset Management LLC Purchased 32,760 Shares of Starwood Property Trust, Inc. (STWD)

Rafferty Asset Management LLC boosted its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 260.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,336 shares of the real estate investment trust’s stock after buying an additional 32,760 shares during the period. Rafferty Asset Management LLC’s holdings in Starwood Property Trust were worth $1,024,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of STWD. Neuberger Berman Group LLC raised its stake in shares of Starwood Property Trust by 1.5% in the first quarter. Neuberger Berman Group LLC now owns 7,415,460 shares of the real estate investment trust’s stock valued at $167,441,000 after buying an additional 109,408 shares during the last quarter. LSV Asset Management increased its position in Starwood Property Trust by 0.5% in the first quarter. LSV Asset Management now owns 5,073,309 shares of the real estate investment trust’s stock valued at $114,555,000 after buying an additional 25,800 shares during the period. State Street Corp increased its position in Starwood Property Trust by 4.4% in the fourth quarter. State Street Corp now owns 3,219,597 shares of the real estate investment trust’s stock valued at $70,675,000 after buying an additional 135,854 shares during the period. Norges Bank bought a new position in Starwood Property Trust during the fourth quarter valued at $49,637,000. Finally, Marshall Wace LLP bought a new position in Starwood Property Trust during the fourth quarter valued at $45,376,000. 65.93% of the stock is owned by institutional investors.

Shares of Starwood Property Trust, Inc. (STWD) traded down 0.23% during trading on Friday, hitting $22.15. The stock had a trading volume of 1,124,451 shares. Starwood Property Trust, Inc. has a 12-month low of $19.86 and a 12-month high of $23.46. The firm has a market cap of $5.76 billion, a P/E ratio of 12.52 and a beta of 0.62. The firm has a 50 day moving average price of $22.24 and a 200 day moving average price of $22.39.

Starwood Property Trust (NYSE:STWD) last posted its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. Starwood Property Trust had a net margin of 40.71% and a return on equity of 11.76%. The business had revenue of $198.72 million for the quarter, compared to analyst estimates of $229.63 million. During the same period in the prior year, the company posted $0.50 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities analysts expect that Starwood Property Trust, Inc. will post $2.10 earnings per share for the current fiscal year.

Separately, Zacks Investment Research upgraded Starwood Property Trust from a “sell” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Saturday, May 13th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $24.00.

In other news, Director Camille J. Douglas sold 4,500 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $21.62, for a total transaction of $97,290.00. Following the sale, the director now directly owns 20,944 shares of the company’s stock, valued at approximately $452,809.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.90% of the company’s stock.

Starwood Property Trust Company Profile

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