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, 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 dividend on an annualized basis and a yield of 9.68%. The ex-dividend date is Monday, March 31st.

Starwood Property Trust has a dividend payout ratio of 95.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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

STWD opened at $19.83 on Friday. The firm has a 50 day moving average of $19.78 and a two-hundred day moving average of $19.80. The firm has a market capitalization of $6.70 billion, a PE ratio of 16.94 and a beta of 1.68. The company has a current ratio of 1.79, a quick 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.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods lowered 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 report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their target price on Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Starwood Property Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.21.

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.