Starwood Property Trust, Inc. (STWD) Plans Quarterly Dividend of $0.48
Starwood Property Trust (NASDAQ:STWD) declared a quarterly dividend on Wednesday, August 6th, Stock Ratings News reports. Stockholders of record on Tuesday, September 30th will be given a dividend of 0.48 per share on Wednesday, October 15th. This represents a $1.92 dividend on an annualized basis and a yield of 8.15%.
A number of research firms have recently commented on STWD. Analysts at FBR Capital Markets reiterated a “” rating on shares of Starwood Property Trust in a research note on Monday, June 2nd. They now have a $27.00 price target on the stock. Analysts at Goldman Sachs initiated coverage on shares of Starwood Property Trust in a research note on Tuesday, May 20th. They set a “buy” rating and a $25.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $27.83.
Shares of Starwood Property Trust (NASDAQ:STWD) opened at 23.57 on Wednesday. Starwood Property Trust has a one year low of $19.1501 and a one year high of $24.7299. The stock has a 50-day moving average of $23.63 and a 200-day moving average of $23.82. The company has a market cap of $4.621 billion and a price-to-earnings ratio of 11.94.
Starwood Property Trust (NASDAQ:STWD) last released its earnings data on Wednesday, August 6th. The company reported $0.51 earnings per share for the quarter. The company had revenue of $118.33 million for the quarter.
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