American International Group Inc. Has $8.45 Million Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

American International Group Inc. cut its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 about 0.13% of Starwood Property Trust worth $8,448,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Northern Trust Corp lifted its position in Starwood Property Trust by 26.7% in the third quarter. Northern Trust Corp now owns 3,121,335 shares of the real estate investment trust’s stock worth $60,398,000 after purchasing an additional 657,180 shares during the period. Norges Bank bought a new position in shares of Starwood Property Trust during the fourth quarter valued at $62,447,000. Wells Fargo & Company MN lifted its holdings in shares of Starwood Property Trust by 2.7% during the fourth quarter. Wells Fargo & Company MN now owns 2,246,265 shares of the real estate investment trust’s stock valued at $47,216,000 after acquiring an additional 58,836 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Starwood Property Trust by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,929,579 shares of the real estate investment trust’s stock valued at $40,560,000 after acquiring an additional 52,613 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Starwood Property Trust by 3.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,322,072 shares of the real estate investment trust’s stock valued at $27,790,000 after acquiring an additional 39,788 shares during the period. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Starwood Property Trust

In other news, President Jeffrey F. Dimodica sold 100,000 shares of Starwood Property Trust stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $20.28, for a total transaction of $2,028,000.00. Following the transaction, the president now owns 1,226,673 shares in the company, valued at approximately $24,876,928.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.80% of the company’s stock.

Starwood Property Trust Price Performance

Shares of STWD stock opened at $19.35 on Thursday. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 13.92 and a beta of 1.68. Starwood Property Trust, Inc. has a 12 month low of $17.07 and a 12 month high of $22.29. The stock has a 50-day moving average price of $19.47 and a 200 day moving average price of $20.08. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.80.

Starwood Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.92 annualized dividend and a dividend yield of 9.92%. Starwood Property Trust’s payout ratio is currently 138.13%.

Analysts Set New Price Targets

STWD has been the subject of a number of analyst reports. Keefe, Bruyette & Woods cut their price objective on Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a report on Wednesday, April 10th. Wells Fargo & Company raised their target price on Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Raymond James lowered their target price on Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating for the company in a research note on Thursday, May 16th. Bank of America restated a “neutral” rating and issued a $21.50 target price (down from $22.50) on shares of Starwood Property Trust in a research note on Monday, March 4th. Finally, BTIG Research lowered their target price on Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Starwood Property Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.88.

Starwood Property Trust Company 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.