Starwood Property Trust, Inc. (STWD) to Distribute Quarterly Dividend of $0.48 on October 15th

Starwood Property Trust, Inc. (NYSE:STWD) declared a quarterly dividend on Thursday, September 17th. Investors of record on Wednesday, September 30th will be given a dividend of 0.48 per share by the real estate investment trust on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date is Wednesday, September 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 fall. Equities analysts expect Starwood Property Trust to earn $1.75 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 109.7%.

Starwood Property Trust Trading Down 0.8%

STWD opened at $14.96 on Friday. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 25.36, a P/E/G ratio of 1.99 and a beta of 0.98. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 3.47. Starwood Property Trust has a twelve month low of $14.89 and a twelve month high of $20.37. The company has a 50-day simple moving average of $16.15 and a 200 day simple moving average of $16.94.

Starwood Property Trust (NYSE:STWD) last released its earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. The firm had revenue of $201.42 million for the quarter, compared to analyst estimates of $521.67 million. Starwood Property Trust had a net margin of 11.35% and a return on equity of 7.85%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. Analysts predict that Starwood Property Trust will post 1.4 EPS for the current fiscal year.

Institutional Trading of Starwood Property Trust

A number of hedge funds have recently added to or reduced their stakes in STWD. Versant Capital Management Inc increased its holdings in shares of Starwood Property Trust by 293.2% during the second quarter. Versant Capital Management Inc now owns 1,954 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 1,457 shares in the last quarter. Orion Capital Management LLC bought a new stake in Starwood Property Trust during the 2nd quarter worth $33,000. Bullseye Investment Management LLC acquired a new position in Starwood Property Trust in the 2nd quarter worth about $34,000. CENTRAL TRUST Co increased its holdings in Starwood Property Trust by 66.6% in the 1st quarter. CENTRAL TRUST Co now owns 2,493 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 997 shares in the last quarter. Finally, North Star Investment Management Corp. raised its position in Starwood Property Trust by 1,605.0% in the first quarter. North Star Investment Management Corp. now owns 3,410 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 3,210 shares during the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

About Starwood Property Trust

Starwood Property Trust, Inc is a real estate investment trust focused primarily on commercial real estate finance. The company originates, acquires, finances and manages a range of commercial real estate debt investments, including first mortgage loans, mezzanine loans, subordinated debt and securities backed by commercial properties.

Its activities also include infrastructure lending, residential lending and the ownership or management of commercial real estate investments. Through these businesses, Starwood Property Trust provides financing to property owners, developers and investors across sectors such as office, multifamily, industrial, hospitality and other commercial real estate categories.

Founded in 2009, the company operates primarily in the United States and also pursues investment opportunities in international markets, including Europe.