Starwood Property Trust, Inc. (NYSE:STWD) announced a quarterly dividend on Friday, May 4th, Zacks reports. Investors of record on Friday, June 29th will be paid a dividend of 0.48 per share by the real estate investment trust on Friday, July 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.56%. The ex-dividend date of this dividend is Thursday, June 28th.
Starwood Property Trust has increased its dividend by an average of 0.3% per year over the last three years. Starwood Property Trust has a payout ratio of 90.6% 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 $2.12 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 90.6%.
Shares of Starwood Property Trust traded down $0.04, reaching $22.43, during mid-day trading on Friday, according to Marketbeat Ratings. 1,860,898 shares of the company were exchanged, compared to its average volume of 1,477,313. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.67 and a quick ratio of 2.67. The stock has a market capitalization of $5.89 billion, a P/E ratio of 10.38, a price-to-earnings-growth ratio of 2.13 and a beta of 0.34. Starwood Property Trust has a 1 year low of $19.47 and a 1 year high of $23.01.
A number of equities research analysts have commented on STWD shares. Raymond James started coverage on Starwood Property Trust in a research note on Tuesday, March 27th. They issued an “outperform” rating and a $24.00 price target for the company. Zacks Investment Research lowered Starwood Property Trust from a “buy” rating to a “hold” rating in a report on Saturday, April 7th. Wood & Company started coverage on Starwood Property Trust in a report on Tuesday, March 27th. They issued an “outperform” rating on the stock. Finally, ValuEngine lowered Starwood Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Starwood Property Trust has a consensus rating of “Buy” and an average price target of $24.00.
About Starwood Property Trust
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.
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