Starwood Property Trust, Inc. (STWD) Expected to Post Quarterly Sales of $241.22 Million

Analysts expect that Starwood Property Trust, Inc. (NYSE:STWD) will post sales of $241.22 million for the current quarter, Zacks reports. Two analysts have made estimates for Starwood Property Trust’s earnings, with the highest sales estimate coming in at $266.46 million and the lowest estimate coming in at $215.98 million. Starwood Property Trust posted sales of $226.77 million during the same quarter last year, which suggests a positive year over year growth rate of 6.4%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, November 14th.

On average, analysts expect that Starwood Property Trust will report full-year sales of $965.90 million for the current financial year, with estimates ranging from $870.90 million to $1.06 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.02 billion, with estimates ranging from $908.55 million to $1.13 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Starwood Property Trust.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings results on Wednesday, August 8th. The real estate investment trust reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $307.20 million during the quarter, compared to analysts’ expectations of $257.88 million. Starwood Property Trust had a return on equity of 13.19% and a net margin of 39.03%. The company’s revenue was up 45.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 EPS.

Several equities analysts recently issued reports on STWD shares. ValuEngine raised Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 28th. Credit Suisse Group increased their target price on Starwood Property Trust from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 21st. Finally, JPMorgan Chase & Co. started coverage on Starwood Property Trust in a research note on Friday, September 21st. They set an “overweight” rating and a $23.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. Starwood Property Trust presently has an average rating of “Buy” and a consensus target price of $24.00.

A number of hedge funds have recently bought and sold shares of STWD. Acadian Asset Management LLC raised its position in Starwood Property Trust by 296.9% in the 2nd quarter. Acadian Asset Management LLC now owns 2,931,460 shares of the real estate investment trust’s stock valued at $63,643,000 after purchasing an additional 2,192,931 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Starwood Property Trust by 121.2% during the 2nd quarter. Renaissance Technologies LLC now owns 2,313,484 shares of the real estate investment trust’s stock worth $50,226,000 after acquiring an additional 1,267,400 shares in the last quarter. Madison International Realty Holdings LLC raised its position in shares of Starwood Property Trust by 635.3% during the 1st quarter. Madison International Realty Holdings LLC now owns 969,229 shares of the real estate investment trust’s stock worth $20,305,000 after acquiring an additional 837,408 shares in the last quarter. Standard Life Aberdeen plc acquired a new stake in shares of Starwood Property Trust during the 2nd quarter worth about $16,524,000. Finally, Northern Trust Corp raised its position in shares of Starwood Property Trust by 44.5% during the 1st quarter. Northern Trust Corp now owns 2,047,511 shares of the real estate investment trust’s stock worth $42,895,000 after acquiring an additional 630,903 shares in the last quarter. 66.11% of the stock is currently owned by institutional investors.

STWD traded up $0.12 during mid-day trading on Friday, hitting $21.20. 32,277 shares of the stock were exchanged, compared to its average volume of 1,999,525. Starwood Property Trust has a 1-year low of $19.47 and a 1-year high of $23.04. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.82. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 2.02 and a beta of 0.33.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.06%. The ex-dividend date of this dividend is Thursday, September 27th. Starwood Property Trust’s dividend payout ratio is currently 88.89%.

About Starwood Property Trust

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.

Featured Story: How is the discount rate different from the Federal Funds rate?

Get a free copy of the Zacks research report on Starwood Property Trust (STWD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Starwood Property Trust (NYSE:STWD)

Receive News & Ratings for Starwood Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starwood Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply