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

Starwood Property Trust, Inc. (NYSE:STWDGet Rating) declared a quarterly dividend on Thursday, March 16th, Zacks reports. Stockholders of record on Friday, March 31st will be given a dividend of 0.48 per share by the real estate investment trust on Friday, April 14th. This represents a $1.92 annualized dividend and a dividend yield of 11.47%. The ex-dividend date is Thursday, March 30th.

Starwood Property Trust has a dividend payout ratio of 89.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Starwood Property Trust to earn $1.95 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 98.5%.

Starwood Property Trust Stock Down 3.2 %

STWD opened at $16.74 on Friday. The company has a market cap of $5.20 billion, a P/E ratio of 6.11 and a beta of 1.57. The business’s 50-day moving average price is $19.87 and its 200-day moving average price is $20.27. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 3.00. Starwood Property Trust has a 12 month low of $16.41 and a 12 month high of $24.79.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in STWD. Vanguard Group Inc. boosted its position in shares of Starwood Property Trust by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 27,349,821 shares of the real estate investment trust’s stock worth $498,314,000 after purchasing an additional 474,537 shares in the last quarter. State Street Corp boosted its position in shares of Starwood Property Trust by 5.1% in the 1st quarter. State Street Corp now owns 4,761,333 shares of the real estate investment trust’s stock worth $117,330,000 after purchasing an additional 231,043 shares in the last quarter. First Republic Investment Management Inc. boosted its position in shares of Starwood Property Trust by 14.3% in the 1st quarter. First Republic Investment Management Inc. now owns 2,600,221 shares of the real estate investment trust’s stock worth $62,847,000 after purchasing an additional 325,646 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Starwood Property Trust by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,879,507 shares of the real estate investment trust’s stock worth $34,451,000 after purchasing an additional 78,349 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Starwood Property Trust in the 4th quarter worth approximately $30,110,000. Hedge funds and other institutional investors own 43.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Credit Suisse Group downgraded Starwood Property Trust from an “outperform” rating to a “neutral” rating in a report on Monday, January 9th. StockNews.com assumed coverage on Starwood Property Trust in a report on Thursday. They set a “hold” rating on the stock. Finally, Keefe, Bruyette & Woods reduced their price target on Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Starwood Property Trust currently has an average rating of “Moderate Buy” and a consensus price target of $25.07.

About Starwood Property Trust

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Starwood Property Trust, Inc engages in originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt and equity investments. It operates through the following segments: Real Estate Commercial and Residential Lending, Infrastructure Lending, Real Estate Property, and Real Estate Investing and Servicing.

Further Reading

Dividend History for Starwood Property Trust (NYSE:STWD)

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