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

Starwood Property Trust, Inc. (NYSE:STWD) declared a quarterly dividend on Tuesday, June 16th. Investors of record on Tuesday, June 30th will be paid 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 yield of 11.3%. The ex-dividend date is Tuesday, June 30th.

Starwood Property Trust has a 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 research 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 0.9%

Shares of STWD stock opened at $16.98 on Wednesday. The business’s fifty day moving average price is $17.51 and its 200 day moving average price is $17.87. Starwood Property Trust has a 1-year low of $16.76 and a 1-year high of $21.05. The firm has a market capitalization of $6.29 billion, a PE ratio of 17.68, a P/E/G ratio of 2.37 and a beta of 0.98. The company has a debt-to-equity ratio of 3.31, a current ratio of 1.57 and a quick ratio of 1.57.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Friday, May 8th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The business 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 revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 EPS. As a group, sell-side analysts forecast that Starwood Property Trust will post 1.57 EPS for the current fiscal year.

Insider Activity at Starwood Property Trust

In related news, Director Jeffrey G. Dishner sold 7,013 shares of the 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 of the company’s stock, valued at $2,880,443.76. This trade represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.80% of the stock is currently owned by insiders.

Institutional Trading of Starwood Property Trust

A number of large investors have recently made changes to their positions in STWD. MassMutual Private Wealth & Trust FSB boosted its stake in Starwood Property Trust by 106.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,449 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 746 shares during the last quarter. CENTRAL TRUST Co boosted its stake in Starwood Property Trust by 154.4% in the 4th quarter. CENTRAL TRUST Co now owns 1,496 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 908 shares during the last quarter. Jackson Grant Investment Advisers Inc. acquired a new stake in Starwood Property Trust in the 3rd quarter worth about $29,000. Los Angeles Capital Management LLC acquired a new stake in Starwood Property Trust in the 4th quarter worth about $28,000. Finally, FNY Investment Advisers LLC acquired a new stake in Starwood Property Trust in the 3rd quarter worth about $30,000. Institutional investors and hedge funds 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.