Starwood Property Trust, Inc. (STWD) To Go Ex-Dividend on June 28th

Starwood Property Trust, Inc. (NYSE:STWD) declared a quarterly dividend on Thursday, June 13th, NASDAQ reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.48 per share by the real estate investment trust on Monday, July 15th. This represents a $1.92 annualized dividend and a yield of 9.97%. The ex-dividend date is Friday, June 28th.

Starwood Property Trust has a dividend payout ratio of 96.0% 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 $1.82 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 105.5%.

Starwood Property Trust Stock Performance

NYSE STWD opened at $19.25 on Friday. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.49 and a quick ratio of 2.49. Starwood Property Trust has a 1 year low of $17.07 and a 1 year high of $22.29. The company has a market capitalization of $6.08 billion, a PE ratio of 13.85 and a beta of 1.68. The company has a fifty day moving average of $19.49 and a two-hundred day moving average of $20.10.

Analyst Upgrades and Downgrades

STWD has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their target price on shares of Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, April 10th. BTIG Research dropped their price objective on shares of Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Keefe, Bruyette & Woods dropped their price objective on shares of Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a research note on Wednesday, April 10th. Raymond James dropped their price objective on shares of Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating for the company in a research note on Thursday, May 16th. Finally, Bank of America reissued a “neutral” rating and set a $21.50 price objective (down from $22.50) on shares of Starwood Property Trust in a research note on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.88.

Insider Activity at Starwood Property Trust

In related news, President Jeffrey F. Dimodica sold 100,000 shares of Starwood Property Trust stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $20.28, for a total transaction of $2,028,000.00. Following the transaction, the president now owns 1,226,673 shares in the company, valued at approximately $24,876,928.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.40% of the company’s stock.

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.