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

Starwood Property Trust, Inc. (NYSE:STWD) announced a quarterly dividend on Thursday, September 17th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.48 per share by the real estate investment trust on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend is Wednesday, September 30th.

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 fall. Analysts expect Starwood Property Trust to earn $1.75 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 109.7%.

Starwood Property Trust Stock Up 0.6%

Shares of NYSE STWD opened at $15.08 on Friday. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.46 and a quick ratio of 1.46. The stock has a market capitalization of $5.58 billion, a PE ratio of 25.55, a P/E/G ratio of 1.97 and a beta of 0.98. Starwood Property Trust has a one year low of $14.89 and a one year high of $20.40. The business’s fifty day moving average price is $16.18 and its 200-day moving average price is $16.95.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. The business had revenue of $201.42 million for the quarter, compared to analysts’ expectations of $521.67 million. Starwood Property Trust had a return on equity of 7.85% and a net margin of 11.35%.The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. On average, equities research analysts anticipate that Starwood Property Trust will post 1.4 EPS for the current year.

About Starwood Property Trust

Starwood Property Trust, Inc is a real estate investment trust focused primarily on commercial real estate finance. The company originates, acquires, finances and manages a range of commercial real estate debt investments, including first mortgage loans, mezzanine loans, subordinated debt and securities backed by commercial properties.

Its activities also include infrastructure lending, residential lending and the ownership or management of commercial real estate investments. Through these businesses, Starwood Property Trust provides financing to property owners, developers and investors across sectors such as office, multifamily, industrial, hospitality and other commercial real estate categories.

Founded in 2009, the company operates primarily in the United States and also pursues investment opportunities in international markets, including Europe.