Meridian Wealth Advisors LLC Sells 2,500 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Meridian Wealth Advisors LLC trimmed its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 15.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 SEC filing.

Other large investors have also bought and sold shares of the company. Albion Financial Group UT acquired a new stake in Starwood Property Trust in the fourth quarter worth $28,000. Brooklyn Investment Group grew its holdings in Starwood Property Trust by 86.1% in the fourth quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 730 shares during the period. UMB Bank n.a. grew its holdings in Starwood Property Trust by 69.7% in the fourth quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 717 shares during the period. Smartleaf Asset Management LLC grew its holdings in Starwood Property Trust by 83.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,881 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 854 shares during the period. Finally, Point72 DIFC Ltd acquired a new stake in Starwood Property Trust in the third quarter worth $55,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods decreased their price target on shares of Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.21.

Starwood Property Trust Trading Down 1.6 %

NYSE STWD opened at $19.95 on Friday. The firm has a market capitalization of $6.73 billion, a P/E ratio of 17.05 and a beta of 1.68. The business has a fifty day simple moving average of $19.69 and a 200 day simple moving average of $19.79. Starwood Property Trust, Inc. has a 12 month low of $18.12 and a 12 month high of $21.17. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61.

Starwood Property Trust Announces Dividend

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

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.