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

Starwood Property Trust, Inc. (NYSE:STWD) declared a quarterly dividend on Thursday, July 25th,Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 9.95%. The ex-dividend date is Tuesday, December 31st.

Starwood Property Trust has a 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 tumble. 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 Down 0.6 %

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

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

Analysts Set New Price Targets

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

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.