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

Corebridge Financial Inc. lessened its position in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 362,378 shares of the real estate investment trust's stock after selling 13,030 shares during the quarter. Corebridge Financial Inc. owned approximately 0.11% of Starwood Property Trust worth $6,867,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Starwood Property Trust in the fourth quarter valued at approximately $48,841,000. Leeward Investments LLC MA acquired a new stake in Starwood Property Trust in the 4th quarter valued at $24,791,000. Geode Capital Management LLC lifted its position in Starwood Property Trust by 8.1% during the 3rd quarter. Geode Capital Management LLC now owns 5,345,000 shares of the real estate investment trust's stock worth $108,960,000 after buying an additional 399,672 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Starwood Property Trust by 78.0% during the 3rd 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 worth $18,174,000 after buying an additional 390,787 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Starwood Property Trust by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 30,943,260 shares of the real estate investment trust's stock valued at $586,375,000 after acquiring an additional 377,939 shares in the last quarter. Institutional investors own 49.82% of the company's stock.

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Wall Street Analyst Weigh In

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

Starwood Property Trust Stock Performance

Shares of STWD traded down $0.09 during mid-day trading on Wednesday, reaching $19.76. The company's stock had a trading volume of 664,197 shares, compared to its average volume of 2,236,802. 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, Inc. has a 1-year low of $18.12 and a 1-year high of $21.17. The business has a 50-day simple moving average of $19.80 and a two-hundred day simple moving average of $19.80. The stock has a market cap of $6.67 billion, a P/E ratio of 16.89 and a beta of 1.68.

Starwood Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given 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 9.72%. Starwood Property Trust's dividend payout ratio (DPR) is 174.55%.

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.