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

Starwood Property Trust, Inc. (NYSE:STWD - Get Free Report) declared a quarterly dividend on Thursday, July 17th, Wall Street Journal reports. Stockholders of record on Tuesday, September 30th will be given a dividend of 0.48 per share by the real estate investment trust on Wednesday, October 15th. This represents a $1.92 annualized dividend and a dividend yield of 9.73%. The ex-dividend date is Tuesday, September 30th.

Starwood Property Trust has a dividend 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 Trading Down 5.3%

Shares of NYSE STWD traded down $1.12 during trading hours on Thursday, hitting $19.74. 30,447,565 shares of the company traded hands, compared to its average volume of 2,560,279. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 20.77 and a beta of 1.24. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.73. The company's 50 day moving average price is $20.14 and its 200 day moving average price is $19.60. 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 announced its quarterly earnings data on Friday, May 9th. The real estate investment trust reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). Starwood Property Trust had a net margin of 17.26% and a return on equity of 8.87%. The business had revenue of $418.18 million during the quarter, compared to the consensus estimate of $469.00 million. During the same period last year, the company earned $0.59 EPS. On average, equities research analysts anticipate that Starwood Property Trust will post 1.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

STWD has been the topic of a number of recent research reports. UBS Group increased their price target on Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a research report on Tuesday. Keefe, Bruyette & Woods upped their price objective on Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. upped their price objective 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. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Starwood Property Trust presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.08.

Institutional Investors Weigh In On Starwood Property Trust

An institutional investor recently raised its position in Starwood Property Trust stock. NewEdge Advisors LLC lifted its position in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 23.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,606 shares of the real estate investment trust's stock after purchasing an additional 3,784 shares during the quarter. NewEdge Advisors LLC's holdings in Starwood Property Trust were worth $388,000 as of its most recent SEC filing. 49.82% of the stock is owned by 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.

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