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

Corebridge Financial Inc. trimmed its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 3.5% in the fourth quarter, Holdings Channel reports. The fund owned 362,378 shares of the real estate investment trust’s stock after selling 13,030 shares during the period. Corebridge Financial Inc.’s holdings in Starwood Property Trust were worth $6,867,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Albion Financial Group UT bought a new position in shares of Starwood Property Trust during the 4th quarter valued at about $28,000. Brooklyn Investment Group lifted its stake 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 valued at $30,000 after buying an additional 730 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of 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 valued at $33,000 after buying an additional 717 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Starwood Property Trust by 83.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,881 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 854 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of Starwood Property Trust during the third quarter worth $55,000. 49.82% of the stock is currently owned by institutional investors.

Starwood Property Trust Trading Down 0.9 %

Starwood Property Trust stock opened at $19.83 on Friday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a 50-day simple moving average of $19.78 and a 200 day simple moving average of $19.80. The stock has a market capitalization of $6.70 billion, a P/E ratio of 16.94 and a beta of 1.68. Starwood Property Trust, Inc. has a 52 week low of $18.12 and a 52 week high of $21.17.

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.68%. The ex-dividend date is Monday, March 31st. Starwood Property Trust’s dividend payout ratio is 174.55%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price 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 cut their price target on shares of Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. Two investment 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $22.21.

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.