Meridian Wealth Management LLC Sells 1,985 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Meridian Wealth Management LLC lessened its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 11.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,433 shares of the real estate investment trust’s stock after selling 1,985 shares during the period. Meridian Wealth Management LLC’s holdings in Starwood Property Trust were worth $315,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of STWD. Price T Rowe Associates Inc. MD raised its position in shares of Starwood Property Trust by 5.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 177,957 shares of the real estate investment trust’s stock worth $3,618,000 after acquiring an additional 9,208 shares in the last quarter. Cetera Investment Advisers grew its stake in Starwood Property Trust by 70.0% during the first quarter. Cetera Investment Advisers now owns 334,893 shares of the real estate investment trust’s stock worth $6,808,000 after purchasing an additional 137,923 shares during the period. Cetera Advisors LLC increased its holdings in Starwood Property Trust by 236.4% in the first quarter. Cetera Advisors LLC now owns 126,267 shares of the real estate investment trust’s stock worth $2,567,000 after purchasing an additional 88,731 shares in the last quarter. Red Spruce Capital LLC lifted its stake in Starwood Property Trust by 9.3% in the second quarter. Red Spruce Capital LLC now owns 35,159 shares of the real estate investment trust’s stock valued at $666,000 after buying an additional 3,002 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of 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 worth $43,000 after buying an additional 794 shares in the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

Shares of Starwood Property Trust stock opened at $20.24 on Tuesday. The company has a market cap of $6.82 billion, a PE ratio of 17.30 and a beta of 1.70. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. Starwood Property Trust, Inc. has a 52 week low of $18.43 and a 52 week high of $22.29. The business has a 50 day moving average price of $20.00 and a 200-day moving average price of $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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The firm had revenue of $479.50 million for the quarter, compared to the consensus estimate of $488.63 million. During the same period in the previous year, the firm earned $0.46 EPS. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. Equities analysts anticipate that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JMP Securities lowered 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 research note on Thursday, November 7th. JPMorgan Chase & Co. decreased their price target on shares of Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $20.50 to $22.50 in a report on Thursday, September 5th. Wells Fargo & Company raised their target price on Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Finally, UBS Group upped their price target on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.25.

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.