PenderFund Capital Management Ltd. Takes $267,000 Position in Starwood Property Trust, Inc. (STWD)

PenderFund Capital Management Ltd. acquired a new stake in Starwood Property Trust, Inc. (NYSE:STWD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,750 shares of the real estate investment trust’s stock, valued at approximately $267,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Intellectus Partners LLC increased its holdings in Starwood Property Trust by 0.3% in the second quarter. Intellectus Partners LLC now owns 21,393 shares of the real estate investment trust’s stock valued at $489,000 after buying an additional 65 shares during the last quarter. Scotia Capital Inc. increased its holdings in Starwood Property Trust by 3.4% in the second quarter. Scotia Capital Inc. now owns 34,896 shares of the real estate investment trust’s stock valued at $781,000 after buying an additional 1,140 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Starwood Property Trust by 17.4% in the second quarter. The Manufacturers Life Insurance Company now owns 10,738 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 1,593 shares during the last quarter. Prudential PLC increased its holdings in Starwood Property Trust by 9.9% in the second quarter. Prudential PLC now owns 22,300 shares of the real estate investment trust’s stock valued at $499,000 after buying an additional 2,000 shares during the last quarter. Finally, First Manhattan Co. increased its holdings in Starwood Property Trust by 38.3% in the fourth quarter. First Manhattan Co. now owns 8,885 shares of the real estate investment trust’s stock valued at $189,000 after buying an additional 2,460 shares during the last quarter. 67.93% of the stock is owned by hedge funds and other institutional investors.

Shares of Starwood Property Trust, Inc. (NYSE:STWD) traded down $0.01 during mid-day trading on Thursday, reaching $19.93. The company’s stock had a trading volume of 522,131 shares, compared to its average volume of 2,745,123. The company has a debt-to-equity ratio of 1.68, a quick ratio of 2.47 and a current ratio of 2.47. Starwood Property Trust, Inc. has a 12 month low of $19.47 and a 12 month high of $23.01. The firm has a market capitalization of $5,210.00, a P/E ratio of 12.01, a P/E/G ratio of 1.91 and a beta of 0.22.

STWD has been the subject of several research analyst reports. B. Riley reissued a “buy” rating and issued a $24.00 price objective on shares of Starwood Property Trust in a report on Thursday, November 9th. Compass Point upgraded Starwood Property Trust from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 25th. BidaskClub upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. ValuEngine upgraded Starwood Property Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research downgraded Starwood Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price 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.

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

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