Starwood Property Trust, Inc. (STWD) to Issue Quarterly Dividend of $0.48 on July 15th

Starwood Property Trust, Inc. (NYSE:STWD) announced a quarterly dividend on Thursday, June 12th, RTT News reports. Shareholders of record on Monday, June 30th will be given a dividend of 0.48 per share by the real estate investment trust on Tuesday, July 15th. This represents a $1.92 annualized dividend and a yield of 9.59%. The ex-dividend date is Monday, June 30th.

Starwood Property Trust has a dividend payout ratio of 94.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Starwood Property Trust to earn $1.90 per share next year, which means the company may not be able to cover its $1.92 annual dividend with an expected future payout ratio of 101.1%.

Starwood Property Trust Price Performance

STWD stock opened at $20.03 on Friday. 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 has a 52-week low of $16.59 and a 52-week high of $21.17. The stock’s 50 day moving average is $19.30 and its two-hundred day moving average is $19.50. The company has a market capitalization of $6.80 billion, a PE ratio of 17.12 and a beta of 1.25.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Friday, May 9th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The firm had revenue of $418.18 million during the quarter, compared to the consensus estimate of $469.00 million. During the same quarter last year, the firm posted $0.59 earnings per share. Analysts predict that Starwood Property Trust will post 1.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Starwood Property Trust stock. AQR Capital Management LLC grew its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 70.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 36,396 shares of the real estate investment trust’s stock after acquiring an additional 15,001 shares during the quarter. AQR Capital Management LLC’s holdings in Starwood Property Trust were worth $720,000 as of its most recent SEC filing. 49.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on STWD. JPMorgan Chase & Co. boosted their price target on Starwood Property Trust from $19.00 to $19.50 and gave the company an “overweight” rating in a report on Monday, May 12th. UBS Group reiterated a “neutral” rating and issued a $19.50 price target (up from $19.00) on shares of Starwood Property Trust in a report on Wednesday, May 21st. Finally, Keefe, Bruyette & Woods reduced their price objective on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.83.

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.