Ballentine Partners LLC bought a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,242 shares of the real estate investment trust’s stock, valued at approximately $240,000.
A number of other large investors also recently made changes to their positions in the stock. Boston Partners grew its stake in shares of Starwood Property Trust by 69.9% in the 4th quarter. Boston Partners now owns 2,139,400 shares of the real estate investment trust’s stock valued at $45,676,000 after buying an additional 880,031 shares during the period. Janus Henderson Group PLC acquired a new position in Starwood Property Trust during the 2nd quarter valued at about $8,055,000. Aperio Group LLC boosted its stake in Starwood Property Trust by 143.6% during the 3rd quarter. Aperio Group LLC now owns 477,482 shares of the real estate investment trust’s stock valued at $10,371,000 after purchasing an additional 281,469 shares during the last quarter. Bank of Montreal Can boosted its stake in Starwood Property Trust by 38.8% during the 4th quarter. Bank of Montreal Can now owns 872,340 shares of the real estate investment trust’s stock valued at $18,624,000 after purchasing an additional 243,856 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in Starwood Property Trust during the 3rd quarter valued at about $4,583,000. 68.80% of the stock is owned by institutional investors and hedge funds.
STWD has been the topic of a number of research reports. B. Riley reaffirmed a “buy” rating and issued a $24.00 price target on shares of Starwood Property Trust in a report on Monday, November 27th. Zacks Investment Research raised shares of Starwood Property Trust from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Wednesday, November 15th. BidaskClub upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. ValuEngine upgraded shares of Starwood Property Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Compass Point upgraded shares of Starwood Property Trust from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $24.00.
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About Starwood Property Trust
Starwood Property Trust, Inc is a real estate investment trust. The Company operates through three business segments: Real estate lending (the Lending Segment), which engages primarily in originating, acquiring, financing and managing commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, and other real estate and real estate-related debt investments; Real estate investing and servicing (the Investing and Servicing Segment), which includes a servicing business in the United States that manages and works out problem assets; an investment business that selectively acquires and manages unrated, investment grade and non-investment grade rated CMBS, and a mortgage loan business, and Real estate property (the Property Segment), which engages primarily in acquiring and managing equity interests in stabilized commercial real estate properties.
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