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

Starwood Property Trust, Inc. (NYSE:STWD) declared a quarterly dividend on Thursday, March 13th, RTT News reports. Investors of record on Monday, March 31st will be paid a dividend of 0.48 per share by the real estate investment trust on Tuesday, April 15th. This represents a $1.92 annualized dividend and a yield of 9.64%. The ex-dividend date is Monday, March 31st.

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. 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

Shares of STWD opened at $19.92 on Friday. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 17.02 and a beta of 1.68. The company’s fifty day moving average is $19.55 and its 200-day moving average is $19.82. 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 has a 12 month low of $18.12 and a 12 month high of $21.17.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price target on Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. UBS Group boosted their target price on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Starwood Property Trust presently has a consensus rating of “Moderate Buy” and an average target price of $22.21.

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.