Profile
Sector:
Real EstateIndustry:
MortgageCountry:
United StatesIPO:
12 August 2009Next earnings report:
02 August 2024Last dividends:
28 June 2024Next dividends:
N/APrice
after hours | Wed, 03 Jul 2024 20:26:34 GMTAnalysts recommendations
Institutional Ownership
STWD Latest News
Undervalued dividend stocks focused on rewarding shareholders with capital returns are a good investment choice for a frothy market. Philip Morris International and Starwood Property Trust are highlighted as strong picks in this article for high cash flow and steady dividends. PM excels in innovative tobacco products, while STWD benefits from a diversified commercial mortgage REIT portfolio and higher interest rates.
GREENWICH, Conn. , June 13, 2024 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) ("the Company") today announced that the Company's Board of Directors has declared a dividend of $0.48 per share of common stock for the quarter ending June 30, 2024.
Starwood Property Trust is a strong choice for dividend investors in the commercial real estate market. The REIT has a well-performing loan portfolio and high dividend yield. However, STWD took a valuation hit last week as another Starwood (non-traded) REIT announced redemption limitations. STWD has access to liquidity and could be a net buyer of commercial mortgage assets in the future.
MIAMI , May 28, 2024 /PRNewswire/ -- Starwood Capital Group ("Starwood Capital"), a global private investment firm with a primary focus on real estate, today announced that Matt Smith will join the firm in June as Managing Director, Head of U.S. Residential Asset Management. In this role, Mr.
Starwood Property Trust Inc. maintained its dividend using distributable earnings in the first quarter and experienced robust origination activity. The trust's 10% yield is projected to be secure in 2024 with an 81% payout ratio. The portfolio, valued at $26.1 billion, remained diversified, and the commercial lending segment delivered strong performance.
I am closely monitoring Starwood Property Trust due to its role as a major commercial real estate mortgage company and a source of income for investors. Mounting headwinds, including higher interest rates and inflation, are causing concerns for the commercial real estate industry. STWD has a strong balance sheet and prudent financial management, which provides stability and income potential for investors.
Starwood Property reported better-than-expected Q4 earnings last week, supporting a buy recommendation. The REIT's C&R lending segment is performing well and continues to contribute the majority of distributable earnings. Starwood Property generated 1.21x dividend coverage in Q4 and 1.07x in FY 2023.
Starwood Property Trust (STWD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Starwood Property Trust's dividend safety margin improved in Q4 due to stronger results in the Infrastructure Lending and Investing/Servicing segments. The trust easily covered its dividend payout with distributable earnings in Q4, reducing dividend risks. With net investment fundings increasing and short-term interest rates expected to fall, Starwood Property Trust is a solid passive income stock for 2024.
Starwood Property Trust delivered strong earnings, leading to a 16.40% gain in its stock price. While tech earnings and artificial intelligence are in the spotlight, income investing with assets like STWD can provide stable dividends. STWD's solid Q4 performance, well-diversified portfolio, and potential for a changing rate environment make it an attractive investment for income and capital appreciation.
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What type of business is Starwood Property Trust?
Starwood Property Trust, Inc. operates as a real estate investment trust (REIT) in the United States, Europe, and Australia. It operates through four segments: Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, including distressed or non-performing loans. The Infrastructure lending segment originates, acquires, finances, and manages infrastructure debt investments. The Property segment engages primarily in acquiring and managing equity interests in stabilized commercial real estate properties, such as multifamily properties and commercial properties subject to net leases, that are held for investment. The Investing and Servicing segment manages and works out problem assets; acquires and manages unrated, investment grade, and non-investment grade rated CMBS comprising subordinated interests of securitization and re-securitization transactions; originates conduit loans for the primary purpose of selling these loans into securitization transactions; and acquires commercial real estate assets that include properties acquired from CMBS trusts. The company qualifies as a REIT for federal income tax purposes and would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. Starwood Property Trust, Inc. was incorporated in 2009 and is headquartered in Greenwich, Connecticut.
What sector is Starwood Property Trust in?
Starwood Property Trust is in the Real Estate sector
What industry is Starwood Property Trust in?
Starwood Property Trust is in the Mortgage industry
What country is Starwood Property Trust from?
Starwood Property Trust is headquartered in United States
When did Starwood Property Trust go public?
Starwood Property Trust initial public offering (IPO) was on 12 August 2009
What is Starwood Property Trust website?
https://www.starwoodpropertytrust.com
Is Starwood Property Trust in the S&P 500?
No, Starwood Property Trust is not included in the S&P 500 index
Is Starwood Property Trust in the NASDAQ 100?
No, Starwood Property Trust is not included in the NASDAQ 100 index
Is Starwood Property Trust in the Dow Jones?
No, Starwood Property Trust is not included in the Dow Jones index
When does Starwood Property Trust report earnings?
The next expected earnings date for Starwood Property Trust is 02 August 2024