Argosy Lionbridge Management LLC Raises Stock Holdings in Starwood Property Trust, Inc. $STWD

Key Points

• Argosy Lionbridge Management LLC boosted its stake in Starwood Property Trust by 286.1% in Q3 to 102,566 shares (about $1.99M), making STWD ~1.3% of the firm's holdings and its 12th-largest position.
• Starwood beat quarterly estimates with $0.42 EPS vs. $0.41 expected and $492.95M revenue, and its board approved a $400 million share buyback (up to ~6.1% of shares).
• Market view and ownership: STWD carries an average analyst rating of "Hold" with a $19.90 price target, institutional investors own ~49.8% of the stock, and Vanguard holds the largest position (~32.98M shares, ~$638.8M).

Argosy Lionbridge Management LLC boosted its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 286.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,566 shares of the real estate investment trust's stock after purchasing an additional 76,000 shares during the quarter. Starwood Property Trust makes up approximately 1.3% of Argosy Lionbridge Management LLC's holdings, making the stock its 12th largest holding. Argosy Lionbridge Management LLC's holdings in Starwood Property Trust were worth $1,987,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Starwood Property Trust by 7.1% during the third quarter. Vanguard Group Inc. now owns 32,976,364 shares of the real estate investment trust's stock worth $638,752,000 after buying an additional 2,193,085 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Starwood Property Trust by 194.7% in the third quarter. Nisa Investment Advisors LLC now owns 207,814 shares of the real estate investment trust's stock worth $4,137,000 after buying an additional 137,294 shares during the last quarter. Boston Partners raised its holdings in Starwood Property Trust by 124.4% in the second quarter. Boston Partners now owns 1,102,847 shares of the real estate investment trust's stock valued at $22,060,000 after acquiring an additional 611,303 shares in the last quarter. SkyOak Wealth LLC boosted its stake in Starwood Property Trust by 36.0% during the 3rd quarter. SkyOak Wealth LLC now owns 281,728 shares of the real estate investment trust's stock valued at $5,457,000 after acquiring an additional 74,573 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in Starwood Property Trust by 188.0% during the 3rd quarter. Voya Investment Management LLC now owns 102,328 shares of the real estate investment trust's stock valued at $1,982,000 after acquiring an additional 66,795 shares during the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on STWD shares. Wells Fargo & Company cut their target price on shares of Starwood Property Trust from $22.00 to $21.00 and set an "outperform" rating on the stock in a research note on Thursday, February 26th. Keefe, Bruyette & Woods decreased their price target on Starwood Property Trust from $20.50 to $20.00 and set an "outperform" rating for the company in a research note on Monday, March 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of Starwood Property Trust in a report on Wednesday, January 21st. Zacks Research upgraded Starwood Property Trust from a "strong sell" rating to a "hold" rating in a research note on Monday, January 12th. Finally, Bank of America reaffirmed a "neutral" rating and set a $19.00 target price on shares of Starwood Property Trust in a report on Friday, March 6th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Starwood Property Trust currently has an average rating of "Hold" and an average price target of $19.90.

Starwood Property Trust Trading Down 0.3%

Starwood Property Trust stock opened at $17.60 on Friday. The firm's 50-day moving average is $18.09 and its 200-day moving average is $18.61. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.68 and a current ratio of 1.68. Starwood Property Trust, Inc. has a 1 year low of $16.59 and a 1 year high of $21.05. The company has a market cap of $6.52 billion, a P/E ratio of 15.17, a PEG ratio of 2.34 and a beta of 1.10.

Starwood Property Trust (NYSE:STWD - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.42 EPS for the quarter, beating the consensus estimate of $0.41 by $0.01. Starwood Property Trust had a net margin of 22.32% and a return on equity of 8.16%. The business had revenue of $492.95 million during the quarter, compared to analyst estimates of $469.53 million. During the same period in the previous year, the business posted $0.48 EPS. The company's quarterly revenue was up 8.5% on a year-over-year basis. On average, equities analysts expect that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.

Starwood Property Trust declared that its board has approved a stock buyback plan on Thursday, February 26th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the real estate investment trust to purchase up to 6.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued.

About Starwood Property Trust

Starwood Property Trust NYSE: STWD is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company's portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.

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