Starwood Property Trust shares had a trading volume of 3,736K by the end of trading on Tuesday. Overall, volume was up 96.69% over the stocks normal daily volume.
Traders are more bearish on shares of the company recently if you consider the motion in short interest. The company saw a rise in short interest of 0.15% between September 29, 2017 and October 13, 2017. Short shares increased 20,118 over that timeframe. Days to cover increased from 8.0 to 10.0 and the percentage of shorted shares was 0.05% on October 13.
Starwood Property Trust (NYSE:STWD) has been the object of insider selling activity recently. CFO Rina Paniry disclosed the sale of 6,867 shares of (STWD). The shares were purchased at an average price of $21.96. Paniry now owns $2,196,571 of the stock according to the SEC filing. Andrew Jay Sossen, COO disclosed the sale of 11,270 shares. The shares were sold on September 19th for an average price of $21.95. The COO now owns $2,372,927 of the stock per the Form 4 SEC filing.
A few notable investment firms have updated their holdings. Lsv Asset Management bolstered its ownership by buying 267,300 shares an increase of 5.0% from 06/30/2017 to 09/30/2017. Lsv Asset Management controls 5,563,709 shares with a value of $120,843,000. The value of the position overall is up by 1.9%. As of quarter end Fiduciary Financial Services Of The Southwest Inc /tx had acquired 3,058 shares growing its holdings by 1.7%. The value of the investment in STWD went from $3,921,000 to $3,870,000 decreasing 1.3% since the last quarter.
Raymond James & Associates divested its investment by shedding 4,272 shares a decrease of 2.0%. Raymond James & Associates now holds 207,638 shares worth $4,510,000. The total value of its holdings decreased 5.0%. As of the end of the quarter Cardinal Capital Management LLC /ct had sold a total of 86,534 shares trimming its position 7.3%. The value of the total investment in Starwood Property Trust decreased from $26,446,000 to $23,775,000 a change of $2,671,000 for the reporting period.
On November 9 B. Riley maintained a stock rating of “Buy” with a current price target of $24.00.
The company is down from yesterday’s close of 21.71. The company’s P/E ratio is 12.97 and the market cap is 5.62B. As of the last earnings report the EPS was $1.66 with 261.00M shares presently outstanding.
Starwood Property Trust, Inc., launched on May 26, 2009, is a real estate investment trust. The Company is focused primarily on originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt investments, commercial mortgage backed securities (CMBS), and other commercial real estate investments in both the United States and Europe. The Company conducts its operations through three business segments: Real estate lending (the Lending Segment); Real estate investing and servicing (the Investing and Servicing Segment), and Real estate property (the Property Segment). The Lending Segment engages primarily in originating, acquiring, financing and managing commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, CMBS, residential mortgage-backed securities (RMBS) and other real estate and real estate-related debt investments in both the United States and Europe that are held for investment..