Starwood Property Trust, Inc. (STWD) To Go Ex-Dividend on December 28th
Starwood Property Trust, Inc. (NYSE:STWD) declared a quarterly dividend on Wednesday, November 8th, Zacks reports. Investors of record on Friday, December 29th will be paid a dividend of 0.48 per share by the real estate investment trust on Monday, January 15th. This represents a $1.92 annualized dividend and a yield of 8.84%. The ex-dividend date of this dividend is Thursday, December 28th.
Starwood Property Trust has increased its dividend by an average of 2.2% per year over the last three years. Starwood Property Trust has a payout ratio of 90.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Starwood Property Trust to earn $2.07 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 92.8%.
Starwood Property Trust (NYSE:STWD) opened at $21.73 on Friday. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $5,670.00, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 2.04 and a beta of 0.37. Starwood Property Trust has a 1 year low of $21.27 and a 1 year high of $23.01.
Several equities analysts have weighed in on the company. B. Riley reissued a “buy” rating and set a $24.00 price target on shares of Starwood Property Trust in a research report on Tuesday, November 21st. BidaskClub downgraded Starwood Property Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Zacks Investment Research raised Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. ValuEngine raised Starwood Property Trust from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Compass Point raised Starwood Property Trust from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Starwood Property Trust has a consensus rating of “Buy” and an average target price of $24.00.
Starwood Property Trust Company Profile
Receive News & Ratings for Starwood Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starwood Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.