Starwood Property Trust, Inc. (STWD) to Issue Quarterly Dividend of $0.48 on April 15th

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 given 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 of this dividend 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 fall. Research 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 Trading Up 1.9 %

Starwood Property Trust stock opened at $19.92 on Friday. Starwood Property Trust has a 12-month low of $18.12 and a 12-month high of $21.17. The stock has a market capitalization of $6.72 billion, a PE ratio of 17.02 and a beta of 1.68. The firm has a 50 day simple moving average of $19.55 and a 200-day simple moving average of $19.82. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on STWD shares. Keefe, Bruyette & Woods reduced their price objective on shares of Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price target on shares of Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Finally, UBS Group raised their price objective on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.