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

Starwood Property Trust, Inc. (NYSE:STWD) announced a quarterly dividend on Thursday, July 25th, Wall Street Journal reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.48 per share by the real estate investment trust on Wednesday, January 15th. This represents a $1.92 annualized dividend and a yield of 9.78%. The ex-dividend date of this dividend is Tuesday, December 31st.

Starwood Property Trust has a dividend payout ratio of 96.0% indicating that 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 $1.83 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 104.9%.

Starwood Property Trust Stock Performance

Shares of STWD opened at $19.63 on Friday. Starwood Property Trust has a 12 month low of $17.07 and a 12 month high of $22.29. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.80. The firm has a market cap of $6.20 billion, a PE ratio of 14.12 and a beta of 1.69. The stock has a fifty day moving average price of $19.42 and a 200-day moving average price of $19.80.

Analysts Set New Price Targets

STWD has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price target on shares of Starwood Property Trust from $20.50 to $20.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 10th. Wolfe Research started coverage on shares of Starwood Property Trust in a report on Tuesday, June 25th. They issued a “peer perform” rating on the stock. Raymond James reduced their price target on Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating for the company in a research report on Thursday, May 16th. BTIG Research reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Starwood Property Trust in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. upped their target price on Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Starwood Property Trust presently has an average rating of “Moderate Buy” and an average target price of $21.71.

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.