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

Starwood Property Trust, Inc. (NYSE:STWD – Get Rating) declared a quarterly dividend on Thursday, March 16th, Zacks reports. Investors of record on Friday, March 31st will be given a dividend of 0.48 per share by the real estate investment trust on Friday, April 14th. This represents a $1.92 annualized dividend and a yield of 11.47%. The ex-dividend date is Thursday, March 30th.

Starwood Property Trust has a payout ratio of 89.7% meaning 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 $1.95 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 98.5%.

Starwood Property Trust Stock Down 3.2 %

STWD opened at $16.74 on Friday. The company has a market capitalization of $5.20 billion, a PE ratio of 6.11 and a beta of 1.57. The firm has a 50-day simple moving average of $19.87 and a two-hundred day simple moving average of $20.27. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 3.00. Starwood Property Trust has a 52 week low of $16.41 and a 52 week high of $24.79.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Credit Suisse Group lowered Starwood Property Trust from an “outperform” rating to a “neutral” rating in a research note on Monday, January 9th. StockNews.com initiated coverage on shares of Starwood Property Trust in a research report on Thursday. They issued a “hold” rating on the stock. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $25.07.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of STWD. IHT Wealth Management LLC raised its holdings in shares of Starwood Property Trust by 9.7% in the fourth quarter. IHT Wealth Management LLC now owns 13,605 shares of the real estate investment trust’s stock worth $249,000 after buying an additional 1,198 shares during the period. Hsbc Holdings PLC bought a new stake in shares of Starwood Property Trust during the first quarter worth $245,000. Deutsche Bank AG lifted its position in shares of Starwood Property Trust by 2,501.4% during the fourth quarter. Deutsche Bank AG now owns 13,137 shares of the real estate investment trust’s stock worth $241,000 after purchasing an additional 12,632 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its position in shares of Starwood Property Trust by 6.4% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 13,079 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 789 shares during the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in shares of Starwood Property Trust in the third quarter worth about $209,000. Institutional investors own 43.77% of the company’s stock.

Starwood Property Trust Company Profile

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Starwood Property Trust, Inc engages in originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt and equity investments. It operates through the following segments: Real Estate Commercial and Residential Lending, Infrastructure Lending, Real Estate Property, and Real Estate Investing and Servicing.