Starwood Property Trust, Inc. (NYSE:STWD) Announces $0.48 Quarterly Dividend

Starwood Property Trust, Inc. (NYSE:STWD) announced a quarterly dividend on Wednesday, July 24th, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.48 per share by the real estate investment trust on Tuesday, October 15th. This represents a $1.92 dividend on an annualized basis and a yield of 9.78%. The ex-dividend date of this dividend is Monday, September 30th.

Starwood Property Trust has a payout ratio of 96.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Starwood Property Trust to earn $1.83 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 104.9%.

Starwood Property Trust Trading Up 0.3 %

NYSE:STWD opened at $19.63 on Friday. Starwood Property Trust has a 52 week low of $17.07 and a 52 week high of $22.29. The company has a debt-to-equity ratio of 2.80, a quick ratio of 2.49 and a current ratio of 2.49. The firm’s fifty day moving average is $19.42 and its 200-day moving average is $19.80. The firm has a market cap of $6.20 billion, a P/E ratio of 14.12 and a beta of 1.69.

Analyst Ratings Changes

A number of analysts have commented on STWD shares. Wolfe Research started coverage on shares of Starwood Property Trust in a research report on Tuesday, June 25th. They set a “peer perform” rating on the stock. Keefe, Bruyette & Woods decreased their target price on Starwood Property Trust from $20.50 to $20.00 and set a “market perform” rating for the company in a research note on Wednesday, July 10th. Raymond James dropped their price target on 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. JPMorgan Chase & Co. increased their price target on Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, BTIG Research reiterated a “buy” rating and issued a $24.00 price objective on shares of Starwood Property Trust in a research note on Friday, July 19th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.71.

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.