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

Starwood Property Trust, Inc. (NYSE:STWD) announced a quarterly dividend on Thursday, July 25th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.48 per share by the real estate investment trust on Wednesday, January 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.95%. The ex-dividend date is Tuesday, December 31st.

Starwood Property Trust has a dividend payout ratio of 96.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Starwood Property Trust to earn $1.94 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 99.0%.

Starwood Property Trust Stock Performance

NYSE STWD opened at $19.30 on Friday. Starwood Property Trust has a 12-month low of $18.43 and a 12-month high of $21.52. The firm has a 50-day moving average price of $19.80 and a two-hundred day moving average price of $19.83. The company has a market capitalization of $6.51 billion, a P/E ratio of 16.50 and a beta of 1.69. 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 (NYSE:STWD) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $479.50 million for the quarter, compared to the consensus estimate of $488.63 million. Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 earnings per share. Analysts anticipate that Starwood Property Trust will post 1.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on STWD. JPMorgan Chase & Co. reduced their price objective on shares of Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Wells Fargo & Company lifted their price objective on shares of Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. JMP Securities cut their target price on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a research note on Thursday, November 7th. UBS Group lifted their price target on Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Finally, Keefe, Bruyette & Woods upgraded Starwood Property Trust from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $20.50 to $22.50 in a research report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Starwood Property Trust has an average rating of “Moderate Buy” and an average price target of $22.25.

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.