Starwood Property Trust, Inc. (NYSE:STWD) Declares Quarterly Dividend of $0.48

Starwood Property Trust, Inc. (NYSE:STWD - Get Free Report) declared a quarterly dividend on Thursday, March 13th, RTT News reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.48 per share by the real estate investment trust on Tuesday, April 15th. This represents a $1.92 annualized dividend and a dividend yield of 9.60%. The ex-dividend date is Monday, March 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 research analysts expect Starwood Property Trust to earn $1.90 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 101.1%.

Starwood Property Trust Stock Performance

NYSE STWD traded up $0.06 on Monday, hitting $19.99. 1,736,381 shares of the company traded hands, compared to its average volume of 2,218,722. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61. The business's 50 day moving average price is $19.56 and its 200-day moving average price is $19.81. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of 17.09 and a beta of 1.68. Starwood Property Trust has a 52-week low of $18.12 and a 52-week high of $21.17.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on STWD shares. JPMorgan Chase & Co. decreased their target price on shares of Starwood Property Trust from $20.00 to $19.50 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods decreased their target price on Starwood Property Trust from $22.50 to $22.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 14th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $22.21.

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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.