Verition Fund Management LLC Cuts Stock Position in Starwood Property Trust, Inc. (NYSE:STWD)

Verition Fund Management LLC lessened its position in Starwood Property Trust, Inc. (NYSE:STWD – Get Rating) by 44.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 14,741 shares of the real estate investment trust’s stock after selling 11,663 shares during the quarter. Verition Fund Management LLC’s holdings in Starwood Property Trust were worth $269,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of STWD. Blair William & Co. IL grew its stake in Starwood Property Trust by 28.1% during the 3rd quarter. Blair William & Co. IL now owns 204,492 shares of the real estate investment trust’s stock worth $3,726,000 after purchasing an additional 44,829 shares in the last quarter. M Holdings Securities Inc. grew its stake in Starwood Property Trust by 11.4% during the 2nd quarter. M Holdings Securities Inc. now owns 11,550 shares of the real estate investment trust’s stock worth $241,000 after purchasing an additional 1,181 shares in the last quarter. Banque Pictet & Cie SA acquired a new position in Starwood Property Trust during the 2nd quarter worth $616,000. MML Investors Services LLC grew its stake in Starwood Property Trust by 3.7% during the 3rd quarter. MML Investors Services LLC now owns 31,553 shares of the real estate investment trust’s stock worth $575,000 after purchasing an additional 1,125 shares in the last quarter. Finally, SkyOak Wealth LLC grew its stake in Starwood Property Trust by 1.6% during the 3rd quarter. SkyOak Wealth LLC now owns 110,234 shares of the real estate investment trust’s stock worth $2,008,000 after purchasing an additional 1,757 shares in the last quarter. Hedge funds and other institutional investors own 43.77% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Credit Suisse Group cut Starwood Property Trust from an “outperform” rating to a “neutral” rating in a research note on Monday, January 9th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $25.58.

Starwood Property Trust Trading Down 3.8 %

NYSE:STWD opened at $18.91 on Friday. The stock has a 50-day simple moving average of $19.93 and a 200-day simple moving average of $20.46. The stock has a market cap of $5.87 billion, a P/E ratio of 6.90 and a beta of 1.57. Starwood Property Trust, Inc. has a 1 year low of $17.69 and a 1 year high of $24.79. The company has a debt-to-equity ratio of 3.00, a quick ratio of 1.84 and a current ratio of 1.84.

Starwood Property Trust Company Profile

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Starwood Property Trust, Inc engages in originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt and equity investments. It operates through the following segments: Real Estate Commercial and Residential Lending, Infrastructure Lending, Real Estate Property, and Real Estate Investing and Servicing.