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

Starwood Property Trust, Inc. (NYSE:STWD) announced a quarterly dividend on Friday, July 26th, Wall Street Journal reports. Shareholders of record on Tuesday, December 31st will be given 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 tumble. 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 business has a 50 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 market cap of $6.20 billion, a PE ratio of 14.12 and a beta of 1.69. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.80.

Wall Street Analyst Weigh In

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