Meridian Wealth Advisors LLC Reduces Stock Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Meridian Wealth Advisors LLC reduced its position in Starwood Property Trust, Inc. (NYSE:STWD) by 15.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,900 shares of the real estate investment trust’s stock after selling 2,500 shares during the quarter. Meridian Wealth Advisors LLC’s holdings in Starwood Property Trust were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in STWD. Raymond James Financial Inc. purchased a new stake in Starwood Property Trust in the 4th quarter worth about $48,841,000. Leeward Investments LLC MA purchased a new stake in Starwood Property Trust during the fourth quarter valued at about $24,791,000. Geode Capital Management LLC lifted its holdings in Starwood Property Trust by 8.1% during the third quarter. Geode Capital Management LLC now owns 5,345,000 shares of the real estate investment trust’s stock valued at $108,960,000 after purchasing an additional 399,672 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Starwood Property Trust by 78.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 891,734 shares of the real estate investment trust’s stock valued at $18,174,000 after purchasing an additional 390,787 shares during the last quarter. Finally, Columbus Macro LLC purchased a new stake in Starwood Property Trust during the fourth quarter valued at about $7,022,000. 49.82% of the stock is currently owned by institutional investors.

Starwood Property Trust Price Performance

Starwood Property Trust stock opened at $19.95 on Friday. Starwood Property Trust, Inc. has a 52 week low of $18.12 and a 52 week high of $21.17. The business has a 50-day simple moving average of $19.69 and a 200 day simple moving average of $19.79. 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 $6.73 billion, a price-to-earnings ratio of 17.05 and a beta of 1.68.

Starwood Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.63%. The ex-dividend date of this dividend is Monday, March 31st. Starwood Property Trust’s payout ratio is 174.55%.

Wall Street Analyst Weigh In

STWD has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Keefe, Bruyette & Woods dropped their price objective on shares of Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.21.

About Starwood Property Trust

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.