Starwood Property Trust, Inc. (STWD) To Go Ex-Dividend on June 30th

Starwood Property Trust, Inc. (NYSE:STWD) announced a quarterly dividend on Tuesday, June 16th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.48 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date is Tuesday, June 30th.

Starwood Property Trust has a dividend payout ratio of 94.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Starwood Property Trust to earn $1.79 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 107.3%.

Starwood Property Trust Trading Up 1.1%

Shares of STWD stock opened at $16.80 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.31. The stock has a market cap of $6.23 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. The stock has a 50 day simple moving average of $17.35 and a 200 day simple moving average of $17.78. Starwood Property Trust has a 1 year low of $16.54 and a 1 year high of $21.05.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The company had revenue of $205.55 million for the quarter, compared to analyst estimates of $496.25 million. Starwood Property Trust had a return on equity of 7.91% and a net margin of 18.11%.The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 EPS. On average, research analysts predict that Starwood Property Trust will post 1.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Starwood Property Trust

In related news, Director Jeffrey G. Dishner sold 7,013 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $17.13, for a total transaction of $120,132.69. Following the sale, the director owned 168,152 shares in the company, valued at $2,880,443.76. The trade was a 4.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.80% of the stock is currently owned by company insiders.

Institutional Trading of Starwood Property Trust

Several hedge funds and other institutional investors have recently made changes to their positions in STWD. Empowered Funds LLC boosted its position in Starwood Property Trust by 181.8% during the 1st quarter. Empowered Funds LLC now owns 16,161 shares of the real estate investment trust’s stock worth $278,000 after buying an additional 10,426 shares during the period. Norris Financial Group LLC acquired a new position in shares of Starwood Property Trust during the first quarter worth $280,000. Western Wealth Management LLC acquired a new position in shares of Starwood Property Trust during the first quarter worth $74,000. Centaurus Financial Inc. grew its stake in shares of Starwood Property Trust by 4.9% in the first quarter. Centaurus Financial Inc. now owns 265,990 shares of the real estate investment trust’s stock worth $4,580,000 after purchasing an additional 12,356 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its stake in shares of Starwood Property Trust by 32.4% in the first quarter. Sunbelt Securities Inc. now owns 82,768 shares of the real estate investment trust’s stock worth $1,425,000 after purchasing an additional 20,240 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors.

Starwood Property Trust Company Profile

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.