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, July 17th, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a dividend yield of 9.71%. The ex-dividend date of this dividend is Tuesday, September 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. Equities 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

NYSE STWD traded up $0.14 on Monday, reaching $19.78. The stock had a trading volume of 3,251,110 shares, compared to its average volume of 2,621,646. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a fifty day moving average of $20.17 and a two-hundred day moving average of $19.62. Starwood Property Trust has a 1-year low of $16.59 and a 1-year high of $21.17. The company has a market cap of $6.76 billion, a P/E ratio of 20.85 and a beta of 1.24.

Starwood Property Trust (NYSE:STWD - Get Free Report) last released its earnings results 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 company 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 17.26% and a return on equity of 8.87%. During the same quarter in the previous year, the company posted $0.59 earnings per share. On average, equities research analysts anticipate that Starwood Property Trust will post 1.88 EPS for the current year.

Wall Street Analyst Weigh In

STWD has been the subject of several research reports. UBS Group increased their target price on Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods raised their price objective on Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Finally, JPMorgan Chase & Co. raised their price objective on Starwood Property Trust from $19.00 to $19.50 and gave the stock an "overweight" rating in a research report on Monday, May 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Starwood Property Trust has an average rating of "Moderate Buy" and a consensus target price of $21.70.

Institutional Investors Weigh In On Starwood Property Trust

An institutional investor recently raised its position in Starwood Property Trust stock. NewEdge Advisors LLC grew its position in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 23.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,606 shares of the real estate investment trust's stock after buying an additional 3,784 shares during the period. NewEdge Advisors LLC's holdings in Starwood Property Trust were worth $388,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 49.82% of the company's stock.

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.