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

Starwood Property Trust, Inc. (NYSE:STWD) announced a quarterly dividend on Friday, December 12th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.48 per share by the real estate investment trust on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend is Wednesday, December 31st.

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 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

Shares of NYSE:STWD opened at $18.55 on Monday. Starwood Property Trust has a 1 year low of $16.59 and a 1 year high of $21.05. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 17.66 and a beta of 1.14. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.33 and a quick ratio of 1.33. The company’s 50 day simple moving average is $18.28 and its 200 day simple moving average is $19.37.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Monday, November 10th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). Starwood Property Trust had a net margin of 20.28% and a return on equity of 8.41%. The business had revenue of $247.87 million during the quarter, compared to analyst estimates of $479.70 million. During the same period in the prior year, the business posted $0.48 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, research analysts predict that Starwood Property Trust will post 1.88 EPS for the current fiscal year.

Institutional Trading of Starwood Property Trust

Several institutional investors have recently modified their holdings of STWD. Cetera Trust Company N.A lifted its holdings in Starwood Property Trust by 5.2% during the 2nd quarter. Cetera Trust Company N.A now owns 10,730 shares of the real estate investment trust’s stock worth $215,000 after buying an additional 530 shares during the period. GAMMA Investing LLC lifted its stake in shares of Starwood Property Trust by 14.8% in the third quarter. GAMMA Investing LLC now owns 4,235 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 547 shares during the period. Kestra Investment Management LLC boosted its holdings in Starwood Property Trust by 0.4% in the first quarter. Kestra Investment Management LLC now owns 141,171 shares of the real estate investment trust’s stock valued at $2,791,000 after acquiring an additional 550 shares during the last quarter. Park Avenue Securities LLC increased its position in Starwood Property Trust by 3.5% during the 3rd quarter. Park Avenue Securities LLC now owns 16,776 shares of the real estate investment trust’s stock valued at $325,000 after purchasing an additional 562 shares during the period. Finally, IFP Advisors Inc raised its holdings in Starwood Property Trust by 14.3% during the 2nd quarter. IFP Advisors Inc now owns 4,664 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 583 shares during the last quarter. Institutional investors own 49.82% of the company’s stock.

About Starwood Property Trust

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.