Icon Wealth Advisors LLC Has $212,000 Stake in Starwood Property Trust, Inc. (NYSE:STWD)

Icon Wealth Advisors LLC cut its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 71.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,390 shares of the real estate investment trust’s stock after selling 26,210 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Starwood Property Trust were worth $212,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Altshuler Shaham Ltd purchased a new stake in shares of Starwood Property Trust in the second quarter worth approximately $28,000. Future Financial Wealth Managment LLC purchased a new stake in Starwood Property Trust during the third quarter valued at about $34,000. Quarry LP purchased a new position in shares of Starwood Property Trust in the second quarter worth about $36,000. Godsey & Gibb Inc. purchased a new position in Starwood Property Trust during the 3rd quarter valued at about $41,000. Finally, GAMMA Investing LLC boosted its position in Starwood Property Trust by 54.1% during the 2nd quarter. GAMMA Investing LLC now owns 2,263 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 794 shares in the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Starwood Property Trust Stock Up 0.1 %

Starwood Property Trust stock opened at $19.92 on Monday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 17.03 and a beta of 1.70. Starwood Property Trust, Inc. has a fifty-two week low of $18.43 and a fifty-two week high of $22.29. The stock’s fifty day moving average is $20.00 and its two-hundred day moving average is $19.79.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $479.50 million for the quarter, compared to analyst estimates of $488.63 million. Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 earnings per share. Analysts predict that Starwood Property Trust, Inc. will post 1.89 EPS for the current fiscal year.

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.