Frank Rimerman Advisors LLC Lowers Stock Position in Starwood Property Trust, Inc. $STWD

Frank Rimerman Advisors LLC reduced its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 43.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,927 shares of the real estate investment trust’s stock after selling 24,962 shares during the period. Frank Rimerman Advisors LLC’s holdings in Starwood Property Trust were worth $641,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Financial Gravity Companies Inc. purchased a new stake in Starwood Property Trust in the 2nd quarter valued at about $44,000. Rockefeller Capital Management L.P. grew its holdings in shares of Starwood Property Trust by 6.5% in the second quarter. Rockefeller Capital Management L.P. now owns 491,554 shares of the real estate investment trust’s stock valued at $9,865,000 after acquiring an additional 30,140 shares in the last quarter. Kingsview Wealth Management LLC increased its position in shares of Starwood Property Trust by 34.8% during the second quarter. Kingsview Wealth Management LLC now owns 21,238 shares of the real estate investment trust’s stock valued at $426,000 after acquiring an additional 5,487 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Starwood Property Trust by 12.7% during the second quarter. Cetera Investment Advisers now owns 533,193 shares of the real estate investment trust’s stock worth $10,701,000 after acquiring an additional 60,285 shares during the period. Finally, Creative Planning boosted its position in Starwood Property Trust by 18.0% in the second quarter. Creative Planning now owns 46,782 shares of the real estate investment trust’s stock worth $939,000 after purchasing an additional 7,142 shares during the last quarter. 49.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company decreased their target price on Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. Weiss Ratings restated a “hold (c)” rating on shares of Starwood Property Trust in a report on Wednesday, October 8th. Keefe, Bruyette & Woods lowered their price objective on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 12th. Wall Street Zen upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Zacks Research lowered shares of Starwood Property Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 29th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Starwood Property Trust has a consensus rating of “Hold” and an average price target of $20.63.

Starwood Property Trust Price Performance

Shares of NYSE:STWD opened at $17.59 on Thursday. The firm has a market capitalization of $6.51 billion, a PE ratio of 16.13 and a beta of 1.27. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 2.90. The company has a 50-day moving average price of $18.92 and a two-hundred day moving average price of $19.65. Starwood Property Trust, Inc. has a twelve month low of $16.59 and a twelve month high of $21.05.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Monday, November 10th. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). The business had revenue of $247.87 million for the quarter, compared to analysts’ expectations of $479.70 million. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 earnings per share. Equities analysts forecast that Starwood Property Trust, Inc. will post 1.88 EPS for the current 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.