American International Group Inc. Sells 16,698 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

American International Group Inc. lessened its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWDFree Report) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 401,918 shares of the real estate investment trust’s stock after selling 16,698 shares during the quarter. American International Group Inc. owned approximately 0.13% of Starwood Property Trust worth $8,448,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust raised its position in Starwood Property Trust by 9.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 6,436 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 547 shares in the last quarter. Highland Capital Management LLC raised its position in shares of Starwood Property Trust by 1.4% in the fourth quarter. Highland Capital Management LLC now owns 43,200 shares of the real estate investment trust’s stock valued at $908,000 after purchasing an additional 600 shares during the period. Advisory Services Network LLC raised its position in shares of Starwood Property Trust by 7.3% in the fourth quarter. Advisory Services Network LLC now owns 9,455 shares of the real estate investment trust’s stock valued at $199,000 after purchasing an additional 644 shares during the period. Treasurer of the State of North Carolina raised its position in shares of Starwood Property Trust by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 129,403 shares of the real estate investment trust’s stock valued at $2,504,000 after purchasing an additional 650 shares during the period. Finally, Commerce Bank raised its position in shares of Starwood Property Trust by 5.3% in the fourth quarter. Commerce Bank now owns 13,178 shares of the real estate investment trust’s stock valued at $277,000 after purchasing an additional 664 shares during the period. Institutional investors own 49.82% of the company’s stock.

Insiders Place Their Bets

In other Starwood Property Trust news, President Jeffrey F. Dimodica sold 100,000 shares of Starwood Property Trust stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $20.28, for a total transaction of $2,028,000.00. Following the sale, the president now owns 1,226,673 shares in the company, valued at $24,876,928.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.80% of the company’s stock.

Starwood Property Trust Stock Down 1.2 %

STWD opened at $18.94 on Monday. Starwood Property Trust, Inc. has a fifty-two week low of $17.07 and a fifty-two week high of $22.29. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.49 and a quick ratio of 2.49. The firm’s fifty day moving average price is $19.56 and its two-hundred day moving average price is $20.13. The company has a market capitalization of $5.98 billion, a P/E ratio of 13.63 and a beta of 1.68.

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.48 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.92 dividend on an annualized basis and a yield of 10.14%. Starwood Property Trust’s dividend payout ratio is currently 138.13%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a research report on Wednesday, April 10th. Wells Fargo & Company lifted their price target on shares of Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Bank of America reissued a “neutral” rating and issued a $21.50 price target (down previously from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. JPMorgan Chase & Co. lowered their price objective on shares of Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 10th. Finally, Raymond James lowered their price objective on shares of Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a research note on Thursday, May 16th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.88.

View Our Latest Stock Report on Starwood Property Trust

About Starwood Property Trust

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

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