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

Starwood Property Trust, Inc. (NYSE:STWD - Get Free Report) declared a quarterly dividend on Thursday, June 12th, RTT News reports. Shareholders of record on Wednesday, July 30th will be paid 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 9.55%.

Starwood Property Trust has a payout ratio of 94.6% meaning 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 traded down $0.27 during mid-day trading on Friday, hitting $20.10. 668,830 shares of the company's stock were exchanged, compared to its average volume of 2,533,812. The business's 50 day moving average is $19.25 and its two-hundred day moving average is $19.51. Starwood Property Trust has a fifty-two week low of $16.59 and a fifty-two week high of $21.17. The firm has a market capitalization of $6.82 billion, a P/E ratio of 17.18 and a beta of 1.25. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61.

Starwood Property Trust (NYSE:STWD - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $418.18 million during the quarter, compared to analysts' expectations of $469.00 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. During the same quarter last year, the business earned $0.59 earnings per share. On average, equities analysts expect that Starwood Property Trust will post 1.88 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on STWD. UBS Group reissued a "neutral" rating and set a $19.50 price target (up from $19.00) on shares of Starwood Property Trust in a report on Wednesday, May 21st. JPMorgan Chase & Co. increased their target price on Starwood Property Trust from $19.00 to $19.50 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Finally, Keefe, Bruyette & Woods reduced their price target on Starwood Property Trust from $22.00 to $21.00 and set an "outperform" rating for the company in a report on Monday, April 7th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Starwood Property Trust presently has a consensus rating of "Moderate Buy" and an average target price of $21.83.

Institutional Investors Weigh In On Starwood Property Trust

An institutional investor recently raised its position in Starwood Property Trust stock. AQR Capital Management LLC increased its holdings in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 70.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,396 shares of the real estate investment trust's stock after buying an additional 15,001 shares during the period. 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 currently owned by hedge funds and other institutional investors.

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.