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

Starwood Property Trust, Inc. (NYSE:STWD) declared 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 11.5%. The ex-dividend date is Tuesday, June 30th.

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 fall. 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 Stock Down 1.6%

STWD stock opened at $16.69 on Thursday. Starwood Property Trust has a twelve month low of $16.61 and a twelve month high of $21.05. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.31. The stock has a market cap of $6.19 billion, a P/E ratio of 17.38, a PEG ratio of 2.42 and a beta of 0.98. The business’s 50-day moving average price is $17.50 and its 200-day moving average price is $17.86.

Starwood Property Trust (NYSE:STWD) last posted 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). Starwood Property Trust had a net margin of 18.11% and a return on equity of 7.91%. The company had revenue of $205.55 million for the quarter, compared to analysts’ expectations of $496.25 million. During the same period in the previous year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. On average, equities research analysts forecast that Starwood Property Trust will post 1.55 EPS for the current year.

Starwood Property Trust declared that its board has authorized a share buyback plan on Thursday, February 26th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to purchase up to 6.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.