Starwood Property Trust, Inc. (NYSE:STWD – Get Free Report) declared a quarterly dividend on Friday, July 26th, Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.48 per share by the real estate investment trust on Wednesday, January 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.65%. The ex-dividend date of this dividend is Tuesday, December 31st.
Starwood Property Trust has a payout ratio of 96.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Starwood Property Trust to earn $1.83 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 104.9%.
Starwood Property Trust Stock Performance
Shares of STWD opened at $19.90 on Friday. The firm has a market capitalization of $6.29 billion, a PE ratio of 14.32 and a beta of 1.69. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.80. The firm has a 50-day moving average price of $19.40 and a 200 day moving average price of $19.78. Starwood Property Trust has a 52-week low of $17.07 and a 52-week high of $22.29.
Analysts Set New Price Targets
A number of research firms recently commented on STWD. Raymond James lowered their price objective on shares of Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a research note on Thursday, May 16th. BTIG Research reiterated a “buy” rating and set a $24.00 price target on shares of Starwood Property Trust in a research report on Friday, July 19th. Keefe, Bruyette & Woods cut their price objective on Starwood Property Trust from $20.50 to $20.00 and set a “market perform” rating for the company in a report on Wednesday, July 10th. JPMorgan Chase & Co. lifted their target price on Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, Wolfe Research initiated coverage on shares of Starwood Property Trust in a report on Tuesday, June 25th. They issued a “peer perform” rating for the company. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Starwood Property Trust has an average rating of “Moderate Buy” and a consensus price target of $21.71.
Check Out Our Latest Stock Report on Starwood Property Trust
Starwood Property Trust Company Profile
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.
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