Starwood Property Stock To Go Ex-dividend Tomorrow (STWD)

NEW YORK ( TheStreet) -- The ex-dividend date for Starwood Property (NYSE: STWD) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $21.06 as of 9:30 a.m. ET, the dividend yield is 8.3%.

The average volume for Starwood Property has been 1.1 million shares per day over the past 30 days. Starwood Property has a market cap of $2.46 billion and is part of the financial sector and real estate industry. Shares are up 14.2% year to date as of the close of trading on Monday.

Starwood Property Trust, Inc. engages in originating, investing in, financing, and managing commercial mortgage loans, other commercial real estate debt investments, commercial mortgage-backed securities, and other commercial real estate-related debt investments. The company has a P/E ratio of 14.3, above the average real estate industry P/E ratio of 14 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Starwood Property as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Starwood Property Ratings Report.

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