Meridian Wealth Management LLC Buys 2,552 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Meridian Wealth Management LLC raised its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 16.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 17,985 shares of the real estate investment trust’s stock after purchasing an additional 2,552 shares during the quarter. Meridian Wealth Management LLC’s holdings in Starwood Property Trust were worth $341,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted 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 purchasing an additional 116,182 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Starwood Property Trust by 147.2% in the third quarter. BNP Paribas Financial Markets now owns 225,245 shares of the real estate investment trust’s stock valued at $4,590,000 after purchasing an additional 134,121 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in Starwood Property Trust by 31.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 88,148 shares of the real estate investment trust’s stock valued at $1,670,000 after purchasing an additional 20,840 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Starwood Property Trust by 66.7% during 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 in the last quarter. Finally, Kestra Investment Management LLC bought a new position in shares of Starwood Property Trust during the third quarter valued at approximately $2,250,000. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

Shares of Starwood Property Trust stock opened at $20.12 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61. The firm has a market capitalization of $6.78 billion, a P/E ratio of 17.19 and a beta of 1.69. The business has a fifty day simple moving average of $19.44 and a two-hundred day simple moving average of $19.82. Starwood Property Trust, Inc. has a 12 month low of $18.12 and a 12 month high of $21.17.

Analyst Ratings Changes

A number of brokerages recently commented on STWD. UBS Group upped their target price on Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods decreased their target price on Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their target price on Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Finally, JMP Securities decreased their target price on 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. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Starwood Property Trust has an average rating of “Moderate Buy” and an average price target of $22.21.

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.