Cullen Frost Bankers Inc. Buys New Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Cullen Frost Bankers Inc. bought a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,077 shares of the real estate investment trust’s stock, valued at approximately $124,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Cubist Systematic Strategies LLC raised its stake in Starwood Property Trust by 238.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 25,303 shares of the real estate investment trust’s stock valued at $575,000 after purchasing an additional 17,834 shares during the period. Dubuque Bank & Trust Co. increased its stake in Starwood Property Trust by 3.4% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 55,464 shares of the real estate investment trust’s stock worth $1,260,000 after acquiring an additional 1,806 shares during the last quarter. Pinnacle Associates Ltd. increased its stake in Starwood Property Trust by 5.3% in the 2nd quarter. Pinnacle Associates Ltd. now owns 12,887 shares of the real estate investment trust’s stock worth $293,000 after acquiring an additional 650 shares during the last quarter. Wedbush Securities Inc. increased its stake in Starwood Property Trust by 5.3% in the 2nd quarter. Wedbush Securities Inc. now owns 22,721 shares of the real estate investment trust’s stock worth $516,000 after acquiring an additional 1,148 shares during the last quarter. Finally, Swiss National Bank increased its stake in Starwood Property Trust by 3.5% in the 2nd quarter. Swiss National Bank now owns 519,565 shares of the real estate investment trust’s stock worth $11,805,000 after acquiring an additional 17,800 shares during the last quarter. 62.80% of the stock is currently owned by institutional investors.

A number of research firms have issued reports on STWD. Raymond James lifted their price objective on Starwood Property Trust from $24.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. Zacks Investment Research downgraded Starwood Property Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday.

NYSE:STWD opened at $24.26 on Friday. The company has a debt-to-equity ratio of 2.29, a current ratio of 2.61 and a quick ratio of 2.61. Starwood Property Trust, Inc. has a 1 year low of $19.16 and a 1 year high of $24.96. The stock’s 50 day simple moving average is $24.37 and its two-hundred day simple moving average is $23.42. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 11.50 and a beta of 0.57.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. Starwood Property Trust had a return on equity of 10.51% and a net margin of 31.15%. The business had revenue of $288.33 million for the quarter, compared to the consensus estimate of $327.04 million. During the same quarter in the previous year, the company posted $0.53 EPS. The company’s revenue was up .9% compared to the same quarter last year. As a group, analysts anticipate that Starwood Property Trust, Inc. will post 1.75 EPS for the current year.

In other news, CFO Rina Paniry sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $24.01, for a total transaction of $312,130.00. Following the transaction, the chief financial officer now owns 199,927 shares of the company’s stock, valued at approximately $4,800,247.27. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Jeffrey F. Dimodica sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $23.74, for a total value of $712,200.00. Following the transaction, the president now directly owns 305,765 shares in the company, valued at approximately $7,258,861.10. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Starwood Property Trust Company Profile

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.

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Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

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