Apollon Wealth Management LLC Cuts Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Apollon Wealth Management LLC lowered its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 67,660 shares of the real estate investment trust’s stock after selling 3,884 shares during the quarter. Apollon Wealth Management LLC’s holdings in Starwood Property Trust were worth $1,282,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in STWD. Geode Capital Management LLC grew its position in Starwood Property Trust by 8.1% during the third quarter. Geode Capital Management LLC now owns 5,345,000 shares of the real estate investment trust’s stock valued at $108,960,000 after acquiring an additional 399,672 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Starwood Property Trust by 5.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,109,988 shares of the real estate investment trust’s stock worth $43,002,000 after purchasing an additional 116,182 shares during the period. HighTower Advisors LLC lifted its stake in Starwood Property Trust by 9.6% in the third quarter. HighTower Advisors LLC now owns 1,725,473 shares of the real estate investment trust’s stock worth $35,170,000 after purchasing an additional 150,576 shares during the last quarter. Van ECK Associates Corp boosted its position in Starwood Property Trust by 27.1% during the third quarter. Van ECK Associates Corp now owns 1,313,824 shares of the real estate investment trust’s stock valued at $26,106,000 after buying an additional 279,793 shares during the period. Finally, 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 buying an additional 6,616 shares during the last quarter. 49.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on STWD shares. UBS Group boosted their target price on Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Keefe, Bruyette & Woods dropped their price objective 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. JPMorgan Chase & Co. decreased their target price on shares of Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Finally, JMP Securities dropped their price target on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Starwood Property Trust has a consensus rating of “Moderate Buy” and an average price target of $22.13.

Starwood Property Trust Stock Down 0.7 %

NYSE:STWD opened at $19.58 on Tuesday. The firm has a 50-day simple moving average of $19.41 and a two-hundred day simple moving average of $19.78. The firm has a market cap of $6.60 billion, a P/E ratio of 16.73 and a beta of 1.69. Starwood Property Trust, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $21.17. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79.

Starwood Property Trust Company 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.