Starwood Property Trust, Inc. (NYSE:STWD) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 2.0% in the 4th quarter, Holdings Channel reports. The firm owned 486,799 shares of the real estate investment trust’s stock after buying an additional 9,763 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Starwood Property Trust were worth $9,225,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Creative Planning grew its stake in shares of Starwood Property Trust by 67.0% during the third quarter. Creative Planning now owns 53,441 shares of the real estate investment trust’s stock valued at $1,089,000 after acquiring an additional 21,440 shares in the last quarter. Raymond James & Associates grew its stake in shares of Starwood Property Trust by 0.6% during the third quarter. Raymond James & Associates now owns 1,090,325 shares of the real estate investment trust’s stock valued at $22,221,000 after acquiring an additional 6,616 shares in the last quarter. Signaturefd LLC grew its stake in shares of Starwood Property Trust by 23.3% during the third quarter. Signaturefd LLC now owns 14,735 shares of the real estate investment trust’s stock valued at $300,000 after acquiring an additional 2,781 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Starwood Property Trust by 22.6% during the third quarter. Private Advisor Group LLC now owns 60,959 shares of the real estate investment trust’s stock valued at $1,242,000 after acquiring an additional 11,242 shares in the last quarter. Finally, Lazari Capital Management Inc. acquired a new stake in shares of Starwood Property Trust during the third quarter valued at about $221,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STWD has been the subject of a number of research reports. JMP Securities decreased their price target on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a research note on Thursday, November 7th. UBS Group lifted their price target on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. decreased their price target on Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods decreased their price target on Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Starwood Property Trust has an average rating of “Moderate Buy” and an average target price of $22.13.

Starwood Property Trust Stock Performance

STWD opened at $19.93 on Wednesday. The business’s 50 day moving average is $19.36 and its 200-day moving average is $19.78. The stock has a market cap of $6.72 billion, a PE ratio of 17.03 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, Inc. has a twelve month low of $18.12 and a twelve month high of $21.17.

Starwood Property Trust 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.