STARWOOD PROPERTY TRUST, INC. S (NYSE:STWD):
Starwood Property Trust Announces Dates for Third Quarter 2016 Earnings Release and Conference Call.
The company is now up by 0.36 percent from yesterday’s close.
The company also announced a dividend that was paid on Monday the 17th of October 2016. The dividend was $0.480 per share for the quarter which is $1.92 annualized. This dividend represents a yeild of $8.58 which is the dividend as a percentage of the current share price. The ex-dividend date was Wednesday the 28th of September 2016.
Shares are trading at $22.04 which is marginally under the 50 day moving average which is $22.27 and a tad higher than the 200 day moving average of $21.27. The 50 day moving average was down $-0.23 or -1.05% and the 200 day average was up $0.77.
The company’s P/E ratio is 14.98 and market cap is 5.25B.
Investment analysts have weighed in on the company of late. September 26 investment analysts at Credit Suisse kept the stock rating at “Outperform” but moved up the price target to $25.00 from $24.00. On August 15 the company was rated “Neutral” in a report from Compass Point a cut from the previous “Buy” rating.
On May 12 JMP Securities left the company rating at “Market Outperform” and lowered the price target from $24.00 to $23.00. On January 13 the stock rating was downgraded from “Buy” to “Neutral” and a price target of $22.50 was set by Goldman Sachs.
Goldman Sachs downgraded the stock and lowered the price target on January 13 changing the price objective from $0.00 to $22.50 and moving the rating from “Buy” to “Neutral”. January 6 investment analysts at Credit Suisse kept the company rating at “Outperform” and moved down the price target from $26.00 to $24.00.