Starwood Property Trust, Inc. (NYSE:STWD- Get a rating) announced a quarterly dividend on Friday, September 16, Zacks reports. Shareholders of record on Friday, September 30 will receive a dividend of 0.48 per share from the REIT on Friday, October 14. This represents a dividend of $1.92 on an annualized basis and a yield of 8.36%. The ex-dividend date is Thursday, September 29.
Starwood Property Trust has a dividend payout ratio of 84.2%, indicating that its dividend is currently being covered by earnings, but may not be in the future if company earnings are falling. Stock analysts expect Starwood Property Trust to earn $2.15 per share next year, meaning the company should continue to be able to cover its annual dividend of $1.92 with a ratio of expected future payout of 89.3%.
Starwood Property Trust shares down 1.2%
STWD opened at $22.97 on Friday. The company’s fifty-day moving average is $23.10 and its two-hundred-day moving average is $23.05. The company has a debt ratio of 2.84, a quick ratio of 1.71 and a current ratio of 1.71. The company has a market capitalization of $7.10 billion, a price-earnings ratio of 9.41 and a beta of 1.45. Starwood Property Trust has a one-year minimum of $19.69 and a one-year maximum of $26.35.
Starwood Property Trust Institutional Trading
Several institutional investors and hedge funds have recently changed their positions in the stock. MAS Advisors LLC increased its position in Starwood Property Trust by 6.3% during the first quarter. MAS Advisors LLC now owns 25,387 shares of the real estate investment trust worth $603,000 after purchasing an additional 1,497 shares during the period. MetLife Investment Management LLC acquired a new stake in Starwood Property Trust during the first quarter worth approximately $140,000. Great West Life Assurance Co. Can increased its stake in Starwood Property Trust by 4.2% during the first quarter. Great West Life Assurance Co. Can now owns 38,019 shares of the real estate investment trust worth $953,000 after acquiring 1,544 additional shares in the last quarter. Yousif Capital Management LLC increased its stake in Starwood Property Trust by 8.9% during the first quarter. Yousif Capital Management LLC now owns 20,434 shares of the real estate investment trust worth $494,000 after acquiring 1,668 additional shares in the last quarter. Finally, Raymond James Trust NA increased its stake in Starwood Property Trust by 4.1% during the first quarter. Raymond James Trust NA now owns 12,803 shares of the real estate investment trust worth $309,000 after acquiring an additional 500 shares in the last quarter. 45.02% of the shares are currently held by hedge funds and other institutional investors.
Wall Street analysts predict growth
STWD has been the subject of a number of research analyst reports. Bank of America reiterated a “buy” rating and set a target price of $26.00 on shares of Starwood Property Trust in a Tuesday, September 6 research report. JMP Securities cut its price target on Starwood Property Trust from $28.00 to $26.00 and set a “market outperformance” rating on the stock in a Tuesday, August 9 research report. Finally, Credit Suisse Group cut its price target on Starwood Property Trust to $25.50 in a research report on Friday, July 22.
About Starwood Property Trust
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States, Europe and Australia. It operates through four segments: commercial and residential loans, infrastructure loans, real estate and investments and services segments. The Commercial and Residential Lending segment originates, acquires, finances and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred stocks, mortgage-backed securities (CMBS) and residential mortgage-backed securities, as well as other real estate and debt-related investments, including distressed or non-performing loans.
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