Starwood Property Trust, Inc. (NYSE:STWD) declared a quarterly dividend on Friday, May 4th, Zacks reports. Shareholders of record on Friday, June 29th will be given a dividend of 0.48 per share by the real estate investment trust on Friday, July 13th. This represents a $1.92 annualized dividend and a yield of 8.59%. The ex-dividend date is Thursday, June 28th.
Starwood Property Trust has increased its dividend payment by an average of 0.3% annually over the last three years. Starwood Property Trust has a payout ratio of 90.6% meaning 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 $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%.
Starwood Property Trust opened at $22.36 on Wednesday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 1.68, a quick ratio of 2.67 and a current ratio of 2.67. Starwood Property Trust has a 1-year low of $19.47 and a 1-year high of $22.95. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 2.12 and a beta of 0.34.
Several research analysts have weighed in on STWD shares. Zacks Investment Research upgraded shares of Starwood Property Trust from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Thursday, March 22nd. Wood & Company started coverage on shares of Starwood Property Trust in a research report on Tuesday, March 27th. They issued an “outperform” rating on the stock. Raymond James started coverage on shares of Starwood Property Trust in a research report on Tuesday, March 27th. They issued an “outperform” rating and a $24.00 price target on the stock. Finally, ValuEngine downgraded shares of Starwood Property Trust from a “buy” rating to a “hold” rating in a research 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 stock. Starwood Property Trust has a consensus rating of “Buy” and a consensus target price of $24.00.
Starwood Property Trust Company Profile
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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