Starwood Property Trust, Inc. (STWD) To Go Ex-Dividend on December 31st

Starwood Property Trust, Inc. (NYSE:STWD) announced a quarterly dividend on Friday, July 26th,Wall Street Journal reports. Investors of record on Tuesday, December 31st will be given 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 9.95%. The ex-dividend date of this dividend is Tuesday, December 31st.

Starwood Property Trust has a dividend payout ratio of 96.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Starwood Property Trust to earn $1.94 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 99.0%.

Starwood Property Trust Stock Performance

Shares of Starwood Property Trust stock opened at $19.30 on Friday. The company has a market cap of $6.51 billion, a PE ratio of 16.50 and a beta of 1.69. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. Starwood Property Trust has a 52 week low of $18.43 and a 52 week high of $21.52. The business has a 50 day moving average price of $19.80 and a 200-day moving average price of $19.83.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The firm had revenue of $479.50 million for the quarter, compared to the consensus estimate of $488.63 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS. Equities analysts anticipate that Starwood Property Trust will post 1.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

STWD has been the subject of several analyst reports. UBS Group increased their price objective on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Wells Fargo & Company increased their price target on Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Keefe, Bruyette & Woods raised Starwood Property Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $20.50 to $22.50 in a research report on Thursday, September 5th. JMP Securities decreased their target price on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. cut their price target on shares of Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Starwood Property Trust presently has an average rating of “Moderate Buy” and a consensus price target of $22.25.

About Starwood Property Trust

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.