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

Starwood Property Trust, Inc. (NYSE:STWD - Get Free Report) declared a quarterly dividend on Thursday, June 12th, RTT News reports. Investors of record on Monday, June 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 dividend on an annualized basis and a yield of 9.59%. The ex-dividend date is Monday, June 30th.

Starwood Property Trust has a 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. Research 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

NYSE STWD traded down $0.34 on Friday, reaching $20.03. 1,892,038 shares of the stock traded hands, compared to its average volume of 2,434,062. The firm's fifty day simple moving average is $19.30 and its 200 day simple moving average is $19.50. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 17.12 and a beta of 1.25. Starwood Property Trust has a 12 month low of $16.59 and a 12 month high of $21.17.

Starwood Property Trust (NYSE:STWD - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). The firm had revenue of $418.18 million for the quarter, compared to the consensus estimate 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 period in the previous year, the business posted $0.59 earnings per share. As a group, research analysts predict that Starwood Property Trust will post 1.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Starwood Property Trust from $19.00 to $19.50 and gave the company an "overweight" rating in a research report on Monday, May 12th. UBS Group reissued a "neutral" rating and set a $19.50 price objective (up from $19.00) on shares of Starwood Property Trust in a research note 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 note on Monday, April 7th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Starwood Property Trust has an average rating of "Moderate Buy" and a consensus price target of $21.83.

Institutional Trading of Starwood Property Trust

A hedge fund recently raised its stake in Starwood Property Trust stock. AQR Capital Management LLC grew its holdings in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 70.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,396 shares of the real estate investment trust's stock after purchasing 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 institutional investors and hedge funds.

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.