Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Starwood Property Trust Inc. shares valued at $818,546 were sold by Sossen Andrew Jay on Mar 31. At $24.25 per share, Sossen Andrew Jay sold 33,750 shares. The insider’s holdings dropped to 293,881 shares worth approximately $6.67 million following the completion of this transaction.
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Also, STERNLICHT BARRY S purchased 217,500 shares, netting a total of over 4,928,550 in proceeds. Following the buying of shares at $22.66 each, the insider now holds 10,571,522 shares.
Before that, DiModica Jeffrey F. had added 6,500 shares to its account. In a trade valued at $148,590, the President bought Starwood Property Trust Inc. shares for $22.86 each. Upon closing the transaction, the insider’s holdings increased to 6,500 shares, worth approximately $22.79 million.
Analysts at Raymond James upgraded the stock from ‘”an Outperform”‘ to ‘”a Strong buy”‘ outlook in a report released in late March. As of February 03, 2021, BTIG Research has initiated its “Buy” rating for STWD. Earlier on November 06, 2020, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for STWD stock.
Analyzing STWD’s Price Performance
On Wednesday, Starwood Property Trust Inc. [NYSE: STWD] plunged -0.83% to $22.70. The stock’s lowest price that day was $22.69, but it reached a high of $23.245 in the same session. During the last five days, there has been a drop of approximately -3.16%. Over the course of the year, Starwood Property Trust Inc. shares have dropped approximately -6.58%. Shares of the company reached a 52-week high of $25.69 on 01/13/22 and a 52-week low of $19.69 on 06/16/22. A 50-day SMA is recorded $23.18, while a 200-day SMA reached $23.47. Nevertheless, trading volume fell to 2.14 million shares from 3.08 million shares the previous day.
Support And Resistance Levels for Starwood Property Trust Inc. (STWD)
According to the 24-hour chart, there is a support level at 22.51, which, if violated, would cause prices to drop to 22.32. In the upper region, resistance lies at 23.07. The next price resistance is at 23.43. RSI (Relative Strength Index) is 43.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.10, which suggests the price will decrease in the coming days. Percent R is at 71.40%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Starwood Property Trust Inc. subject to short interest?
Stocks of Starwood Property Trust Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.21 million shares to 5.44 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 5.23 million shares. A jump of 3.86% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.07 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.07.
Which companies own the most shares of Starwood Property Trust Inc. (STWD)?
According to The Vanguard Group, Inc. filings, the company currently owns 26,490,214 shares, which is about 8.63% of the total STWD shares outstanding. The investor’s shares have appreciated by 424,865 from its previous 13-F filing of 26065349.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $344,085,081. Morgan Stanley Smith Barney LLC acquire a 1.68% interest valued at $129.02 million while Cardinal Capital Management LLC sold a -95,190 stake. A total of -31,326 shares of Starwood Property Trust Inc. were sold by SSgA Funds Management, Inc. during the quarter, and -46,146 were sold by Geode Capital Management LLC. In its current portfolio, 1832 Asset Management LP holds 3,264,808 shares valued at $74.86 million.
In terms of Starwood Property Trust Inc. share price expectations, FactSet research, analysts set an average price target of $26.94 in the next 12 months, up nearly 15.77% from the previous closing price of $22.89. Analysts anticipate Starwood Property Trust Inc. stock to reach $30.00 by 2022, with the lowest price target being $25.00. In spite of this, 8 analysts ranked Starwood Property Trust Inc. stock as a Buy at the end of 2022.