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

Meridian Wealth Management LLC grew its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 16.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,985 shares of the real estate investment trust’s stock after acquiring an additional 2,552 shares during the quarter. Meridian Wealth Management LLC’s holdings in Starwood Property Trust were worth $341,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Starwood Property Trust by 5.8% during 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 in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Starwood Property Trust by 147.2% during 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 acquiring an additional 134,121 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in shares of Starwood Property Trust by 31.0% during 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 acquiring an additional 20,840 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Starwood Property Trust by 66.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 224,962 shares of the real estate investment trust’s stock worth $4,585,000 after buying an additional 90,046 shares in the last quarter. Finally, Kestra Investment Management LLC bought a new stake in Starwood Property Trust in the 3rd quarter worth about $2,250,000. 49.82% of the stock is currently owned by institutional investors.

Starwood Property Trust Stock Up 1.2 %

STWD stock opened at $20.12 on Thursday. Starwood Property Trust, Inc. has a twelve month low of $18.12 and a twelve month high of $21.17. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. The stock has a market cap of $6.78 billion, a P/E ratio of 17.19 and a beta of 1.69. The business’s 50-day moving average price is $19.44 and its 200-day moving average price is $19.82.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on STWD shares. UBS Group lifted their price objective on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. JMP Securities reduced their price objective 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. Keefe, Bruyette & Woods reduced their price objective 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. Finally, JPMorgan Chase & Co. reduced their price objective 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. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.21.

Starwood Property Trust Company 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.