Icon Wealth Advisors LLC Sells 26,210 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Icon Wealth Advisors LLC trimmed its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 71.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,390 shares of the real estate investment trust’s stock after selling 26,210 shares during the period. Icon Wealth Advisors LLC’s holdings in Starwood Property Trust were worth $212,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its position in Starwood Property Trust by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,109,988 shares of the real estate investment trust’s stock valued at $43,002,000 after acquiring an additional 116,182 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Starwood Property Trust by 66.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 224,962 shares of the real estate investment trust’s stock valued at $4,585,000 after acquiring an additional 90,046 shares during the period. Commerce Bank boosted its stake in Starwood Property Trust by 8.9% in the third quarter. Commerce Bank now owns 15,126 shares of the real estate investment trust’s stock worth $308,000 after purchasing an additional 1,242 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in Starwood Property Trust in the third quarter worth $265,000. Finally, Prospera Financial Services Inc boosted its stake in Starwood Property Trust by 8.7% in the third quarter. Prospera Financial Services Inc now owns 15,848 shares of the real estate investment trust’s stock worth $323,000 after purchasing an additional 1,267 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors.

Starwood Property Trust Stock Up 0.1 %

Shares of Starwood Property Trust stock opened at $19.92 on Monday. Starwood Property Trust, Inc. has a 1 year low of $18.43 and a 1 year high of $22.29. The business has a 50-day moving average of $20.00 and a two-hundred day moving average of $19.79. The company has a market capitalization of $6.72 billion, a P/E ratio of 17.03 and a beta of 1.70. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.05. Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The company had revenue of $479.50 million during the quarter, compared to the consensus estimate of $488.63 million. During the same period in the prior year, the company earned $0.46 earnings per share. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. As a group, equities analysts predict that Starwood Property Trust, Inc. will post 1.89 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on STWD. UBS Group boosted their price objective on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Wells Fargo & Company boosted their price objective on Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. JMP Securities reduced their price objective on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a research note on Thursday, November 7th. Keefe, Bruyette & Woods raised Starwood Property Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $20.50 to $22.50 in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. reduced their price objective on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Starwood Property Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.25.

Starwood Property Trust Profile

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.