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

Starwood Property Trust, Inc. (NYSE:STWD) declared a quarterly dividend on Thursday, July 25th, Wall Street Journal reports. Stockholders 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 dividend yield of 9.78%. The ex-dividend date of this dividend is Tuesday, December 31st.

Starwood Property Trust has a 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 fall. Research 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 Price Performance

Shares of Starwood Property Trust stock opened at $19.63 on Friday. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 14.12 and a beta of 1.69. The company has a fifty day moving average of $19.42 and a 200-day moving average of $19.80. Starwood Property Trust has a 52-week low of $17.07 and a 52-week high of $22.29. The company has a debt-to-equity ratio of 2.80, a quick ratio of 2.49 and a current ratio of 2.49.

Analysts Set New Price Targets

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

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.