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

Starwood Property Trust, Inc. (NYSE:STWD) declared a quarterly dividend on Thursday, September 17th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.48 per share by the real estate investment trust on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date is Wednesday, September 30th.

Starwood Property Trust has a dividend payout ratio of 94.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Starwood Property Trust to earn $1.75 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 109.7%.

Starwood Property Trust Price Performance

Shares of NYSE STWD opened at $15.08 on Friday. The stock’s 50-day simple moving average is $16.18 and its 200-day simple moving average is $16.95. The firm has a market capitalization of $5.58 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 1.97 and a beta of 0.98. Starwood Property Trust has a fifty-two week low of $14.89 and a fifty-two week high of $20.40. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.46 and a current ratio of 1.46.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. Starwood Property Trust had a net margin of 11.35% and a return on equity of 7.85%. The company had revenue of $201.42 million during the quarter, compared to the consensus estimate of $521.67 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Starwood Property Trust’s revenue for the quarter was up 15.6% on a year-over-year basis. As a group, equities research analysts forecast that Starwood Property Trust will post 1.4 EPS for the current fiscal year.

About Starwood Property Trust

Starwood Property Trust, Inc is a real estate investment trust focused primarily on commercial real estate finance. The company originates, acquires, finances and manages a range of commercial real estate debt investments, including first mortgage loans, mezzanine loans, subordinated debt and securities backed by commercial properties.

Its activities also include infrastructure lending, residential lending and the ownership or management of commercial real estate investments. Through these businesses, Starwood Property Trust provides financing to property owners, developers and investors across sectors such as office, multifamily, industrial, hospitality and other commercial real estate categories.

Founded in 2009, the company operates primarily in the United States and also pursues investment opportunities in international markets, including Europe.