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

Starwood Property Trust, Inc. (NYSE:STWD) declared a quarterly dividend on Thursday, March 13th, RTT News reports. Stockholders 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 dividend yield of 9.82%.

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 tumble. Equities 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 Stock Performance

Starwood Property Trust stock traded down $0.22 during mid-day trading on Thursday, reaching $19.55. 2,720,798 shares of the stock traded hands, compared to its average volume of 2,200,242. The stock has a market capitalization of $6.59 billion, a PE ratio of 16.71 and a beta of 1.68. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79. Starwood Property Trust has a 12-month low of $18.12 and a 12-month high of $21.17. The business’s 50-day moving average is $19.54 and its 200-day moving average is $19.82.

Analyst Ratings Changes

A number of analysts have commented on the company. Keefe, Bruyette & Woods reduced their price target on 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. UBS Group increased their price target on Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. lowered their price objective on Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.