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

Starwood Property Trust, Inc. (NYSE:STWD) announced a quarterly dividend on Friday, December 12th. Investors of record on Wednesday, December 31st will be given a dividend of 0.48 per share by the real estate investment trust on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date is Wednesday, December 31st.

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 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 Price Performance

Shares of STWD opened at $18.55 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 2.98. The company’s fifty day simple moving average is $18.28 and its 200 day simple moving average is $19.37. The company has a market cap of $6.87 billion, a price-to-earnings ratio of 17.66 and a beta of 1.14. Starwood Property Trust has a 1-year low of $16.59 and a 1-year high of $21.05.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Monday, November 10th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.04). The company had revenue of $247.87 million during the quarter, compared to the consensus estimate of $479.70 million. Starwood Property Trust had a net margin of 20.28% and a return on equity of 8.41%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 earnings per share. On average, research analysts forecast that Starwood Property Trust will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust Company Profile

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.