Northern Trust Investments, Inc. has recently announced that it has increased stake in Starwood Property Trust Inc (NYSE:STWD) by 28.22%. After grabbing 2.94 million shares, the institutional investor is now in possession of 0.65 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 0.94% having worth around $52.25 million. Moreover, First Republic Investment Managem increased its share by 1.35 million to have a control over 2.94 million shares.
Starwood Property Trust Inc (STWD) concluded trading on 12/14/23 at a closing price of $21.72, with 5.17 million shares of worth about $112.34 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.44% during that period and on Thursday the price saw a gain of about 3.08%. Currently the company’s common shares owned by public are about 310.68M shares, out of which, 295.30M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 28 times over the past 12 months. They bought 2,497,465 shares in 21 of the transactions. In 7 selling transactions, insiders dumped 855,839 shares.
Vanguard Total Stock Market ETF, iShares Core S&P Mid Cap ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Starwood Property Trust Inc Vanguard Total Stock Market ETF is currently holding 9.26 million shares of worth totaling $164.41 million. The company recently came buying 90997.0 shares which brought its stake up to 2.96% of the company’s outstanding shares. Vanguard Small Cap Index Fund, after buying 7.67 million shares, have now control over 2.45% of the stake in the company. It holds 17927.0 shares of worth $136.06 million.
However, the stock later moved at a day high price of 21.92, or with a gain of 3.08%. Stock saw a price change of 7.74% in past 5 days and over the past one month there was a price change of 7.79%. Year-to-date (YTD), STWD shares are showing a performance of 18.49% which increased to 8.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.06 but also hit the highest price of $21.73 during that period. The average intraday trading volume for Starwood Property Trust Inc shares is 2.55 million. The stock is currently trading 8.04% above its 20-day simple moving average (SMA20), while that difference is up 13.03% for SMA50 and it goes to 14.54% higher than SMA200.
Northern Trust Investments, Inc. acquired 2.94 million shares of Starwood Property Trust Inc having value of about $52.25 million. Data submitted at the U.S SEC by Northern Trust Investments, Inc. revealed that the firm now holds 0.65 million shares in the company valued at close to $14070889.32, or have control over 28.22% stake in the company. Starwood Property Trust Inc (NYSE: STWD) currently have 310.68M outstanding shares and institutions hold larger chunk of about 50.25% of that. Holding of mutual funds in the company is about 26.93% while other institutional holders and individual stake holders have control over 5.74% and 23.45% of the stake respectively.
The stock has a current market capitalization of $6.80B and its 3Y-monthly beta is at 1.70. PE ratio of stock for trailing 12 months is 16.88, while it has posted earnings per share of $1.29 in the same period. Its PEG reads 3.38 while making debt-to-equity ratio of 3.09. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for STWD, volatility over the week remained 2.24% while standing at 2.10% over the month.
Analysts are in expectations that Starwood Property Trust Inc (STWD) stock would likely to be making an EPS of $0.48 in the current quarter, while forecast for next quarter EPS is $0.48 and it is $1.97 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.41 which is $0.54 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.5 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -14.70% while it is estimated to increase by 1.55% in next year. EPS is likely to shrink at an annualized rate of 4.99% for next 5-years, compared to annual growth of 12.54% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on December 06, 2023 offering a Neutral rating for the stock and assigned a target price of $21 to it.
