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

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 9.82%.

Starwood Property Trust has a 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 Down 1.1 %

Starwood Property Trust stock opened at $19.55 on Friday. The firm has a 50 day moving average of $19.54 and a 200 day moving average of $19.82. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 16.71 and a beta of 1.68. Starwood Property Trust has a 12-month low of $18.12 and a 12-month high of $21.17. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61.

Analyst Upgrades and Downgrades

Several research firms have weighed in on STWD. UBS Group upped their price target 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. JPMorgan Chase & Co. dropped their price target 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. Finally, Keefe, Bruyette & Woods lowered their target price 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. Two 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 MarketBeat, Starwood Property Trust currently has a consensus rating of “Moderate Buy” and an average target price 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.