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

Starwood Property Trust, Inc. (NYSE:STWD) declared a quarterly dividend on Friday, March 13th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.48 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 11.3%. The ex-dividend date of this dividend is Tuesday, March 31st.

Starwood Property Trust has a payout ratio of 94.6% 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 $1.90 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

Shares of NYSE:STWD opened at $17.05 on Friday. The firm has a market cap of $6.32 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10. The firm’s 50 day simple moving average is $17.93 and its 200-day simple moving average is $18.41. Starwood Property Trust has a one year low of $16.59 and a one year high of $21.05. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.68 and a current ratio of 1.68.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. Starwood Property Trust had a return on equity of 8.16% and a net margin of 22.32%.The firm had revenue of $492.95 million during the quarter, compared to analyst estimates of $469.53 million. During the same quarter in the previous year, the business earned $0.48 earnings per share. Starwood Property Trust’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, equities analysts predict that Starwood Property Trust will post 1.88 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on STWD shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Starwood Property Trust in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods reduced their price target on shares of Starwood Property Trust from $20.50 to $20.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Bank of America reaffirmed a “neutral” rating and issued a $19.00 price target on shares of Starwood Property Trust in a research report on Friday, March 6th. Zacks Research upgraded shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Wells Fargo & Company cut their price objective on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $19.90.

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.