Corebridge Financial Inc. Sells 13,030 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

Corebridge Financial Inc. decreased its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 362,378 shares of the real estate investment trust’s stock after selling 13,030 shares during the period. Corebridge Financial Inc. owned about 0.11% of Starwood Property Trust worth $6,867,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Natixis Advisors LLC bought a new stake in shares of Starwood Property Trust during the third quarter worth $368,000. Charles Schwab Investment Management Inc. grew its holdings in Starwood Property Trust by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,109,988 shares of the real estate investment trust’s stock worth $43,002,000 after acquiring an additional 116,182 shares during the last quarter. Cerity Partners LLC increased its position in Starwood Property Trust by 82.6% in the 3rd quarter. Cerity Partners LLC now owns 59,969 shares of the real estate investment trust’s stock valued at $1,222,000 after acquiring an additional 27,121 shares in the last quarter. Kingsview Wealth Management LLC raised its stake in shares of Starwood Property Trust by 6.0% in the third quarter. Kingsview Wealth Management LLC now owns 14,474 shares of the real estate investment trust’s stock worth $295,000 after acquiring an additional 821 shares during the last quarter. Finally, Fisher Asset Management LLC acquired a new position in shares of Starwood Property Trust during the third quarter worth approximately $711,000. Institutional investors own 49.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on STWD shares. Keefe, Bruyette & Woods lowered 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 report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their target price on 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. 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 stock. According to MarketBeat.com, Starwood Property Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.21.

Starwood Property Trust Stock Down 0.9 %

NYSE:STWD opened at $19.83 on Friday. The stock’s fifty day simple moving average is $19.78 and its 200-day simple moving average is $19.80. The firm has a market capitalization of $6.70 billion, a P/E ratio of 16.94 and a beta of 1.68. 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 12-month low of $18.12 and a 12-month high of $21.17.

Starwood Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.48 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.68%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 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.