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

Starwood Property Trust, Inc. (NYSE:STWD) announced a quarterly dividend on Tuesday, June 16th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.48 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend is Tuesday, June 30th.

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 $1.79 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 107.3%.

Starwood Property Trust Stock Up 0.9%

Shares of STWD opened at $16.98 on Wednesday. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 2.37 and a beta of 0.98. Starwood Property Trust has a 1 year low of $16.76 and a 1 year high of $21.05. The business’s 50 day simple moving average is $17.51 and its 200-day simple moving average is $17.87. The company has a debt-to-equity ratio of 3.31, a current ratio of 1.57 and a quick ratio of 1.57.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). Starwood Property Trust had a net margin of 18.11% and a return on equity of 7.91%. The company had revenue of $205.55 million for the quarter, compared to analysts’ expectations of $496.25 million. During the same quarter in the previous year, the company posted $0.45 EPS. The business’s quarterly revenue was up 22.5% on a year-over-year basis. As a group, equities analysts expect that Starwood Property Trust will post 1.57 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jeffrey G. Dishner sold 7,013 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $17.13, for a total transaction of $120,132.69. Following the transaction, the director owned 168,152 shares of the company’s stock, valued at approximately $2,880,443.76. This represents a 4.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.80% of the company’s stock.

Hedge Funds Weigh In On Starwood Property Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Quantum Portfolio Management LLC grew its position in shares of Starwood Property Trust by 882,760.9% during the 1st quarter. Quantum Portfolio Management LLC now owns 112,176,302 shares of the real estate investment trust’s stock worth $1,931,676,000 after buying an additional 112,163,596 shares in the last quarter. Vanguard Group Inc. raised its stake in Starwood Property Trust by 7.1% in the third quarter. Vanguard Group Inc. now owns 32,976,364 shares of the real estate investment trust’s stock valued at $638,752,000 after buying an additional 2,193,085 shares during the last quarter. Geode Capital Management LLC raised its stake in Starwood Property Trust by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 6,406,419 shares of the real estate investment trust’s stock valued at $115,453,000 after buying an additional 148,740 shares during the last quarter. Northern Trust Corp raised its stake in Starwood Property Trust by 1.2% in the third quarter. Northern Trust Corp now owns 5,387,358 shares of the real estate investment trust’s stock valued at $104,353,000 after buying an additional 64,178 shares during the last quarter. Finally, Norges Bank purchased a new stake in Starwood Property Trust in the fourth quarter valued at about $75,177,000. Institutional investors own 49.82% of the company’s stock.

About Starwood Property Trust

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.