Starwood Property Trust, Inc. (STWD) To Go Ex-Dividend on December 31st

Starwood Property Trust, Inc. (NYSE:STWD) declared a quarterly dividend on Friday, December 12th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.48 per share by the real estate investment trust on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 10.4%. The ex-dividend date is Wednesday, December 31st.

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 decline. 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 Stock Performance

Shares of STWD stock opened at $18.52 on Monday. The company’s fifty day simple moving average is $18.28 and its 200-day simple moving average is $19.37. The company has a market cap of $6.86 billion, a PE ratio of 17.60 and a beta of 1.14. Starwood Property Trust has a 52 week low of $16.59 and a 52 week high of $21.05. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 2.98.

Starwood Property Trust (NYSE:STWD) last announced its earnings results on Monday, November 10th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.04). The company had revenue of $247.87 million for the quarter, compared to analysts’ expectations of $479.70 million. Starwood Property Trust had a net margin of 20.28% and a return on equity of 8.41%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 earnings per share. As a group, equities research analysts anticipate that Starwood Property Trust will post 1.88 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on STWD. Keefe, Bruyette & Woods dropped their price objective on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, November 12th. Wells Fargo & Company decreased their price target on Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. Zacks Research downgraded Starwood Property Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Starwood Property Trust in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.63.

Starwood Property Trust Company Profile

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.