Starwood Property Trust, Inc. (NYSE:STWD) declared a quarterly dividend on Wednesday, November 8th, Zacks reports. Investors of record on Friday, December 29th will be given a dividend of 0.48 per share by the real estate investment trust on Monday, January 15th. This represents a $1.92 annualized dividend and a yield of 8.81%. The ex-dividend date is Thursday, December 28th.

Starwood Property Trust has raised its dividend by an average of 2.2% per year over the last three years. Starwood Property Trust has a payout ratio of 90.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Starwood Property Trust to earn $2.07 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 92.8%.

Starwood Property Trust (NYSE:STWD) opened at $21.79 on Wednesday. Starwood Property Trust has a one year low of $21.27 and a one year high of $23.01. The firm has a market capitalization of $5,671.50, a P/E ratio of 13.21, a P/E/G ratio of 2.05 and a beta of 0.51. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 1.68.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.11. Starwood Property Trust had a return on equity of 11.88% and a net margin of 52.28%. The firm had revenue of $226.77 million during the quarter, compared to the consensus estimate of $236.76 million. During the same period last year, the business posted $0.59 EPS. Starwood Property Trust’s quarterly revenue was up 10.8% on a year-over-year basis. equities analysts predict that Starwood Property Trust will post 2.12 earnings per share for the current fiscal year.

A number of equities research analysts have commented on STWD shares. Compass Point upgraded Starwood Property Trust from a “neutral” rating to a “buy” rating in a report on Wednesday, October 25th. ValuEngine upgraded Starwood Property Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. B. Riley restated a “buy” rating and set a $24.00 price objective on shares of Starwood Property Trust in a report on Thursday, November 9th. Zacks Investment Research upgraded Starwood Property Trust from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Wednesday, November 15th. Finally, BidaskClub upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Starwood Property Trust has an average rating of “Buy” and a consensus price target of $24.00.

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Starwood Property Trust Company Profile

Dividend History for Starwood Property Trust (NYSE:STWD)

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