Equities research analysts expect Starwood Property Trust, Inc. (NYSE:STWD) to announce $332.34 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Starwood Property Trust’s earnings. The lowest sales estimate is $316.17 million and the highest is $348.50 million. Starwood Property Trust posted sales of $285.72 million during the same quarter last year, which suggests a positive year-over-year growth rate of 16.3%. The firm is scheduled to announce its next quarterly earnings results on Friday, November 8th.
On average, analysts expect that Starwood Property Trust will report full year sales of $1.29 billion for the current fiscal year, with estimates ranging from $1.26 billion to $1.32 billion. For the next financial year, analysts forecast that the business will post sales of $1.41 billion, with estimates ranging from $1.38 billion to $1.45 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Starwood Property Trust.
Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.02. Starwood Property Trust had a net margin of 31.15% and a return on equity of 10.51%. The firm had revenue of $351.99 million during the quarter, compared to analysts’ expectations of $308.00 million. During the same quarter in the previous year, the company posted $0.54 EPS. Starwood Property Trust’s revenue was up 14.6% on a year-over-year basis.
STWD stock traded up $0.02 during trading on Monday, hitting $24.41. The company had a trading volume of 2,185,400 shares, compared to its average volume of 1,614,133. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 2.29. The firm has a 50-day moving average price of $23.51 and a 200-day moving average price of $22.89. Starwood Property Trust has a 12 month low of $19.16 and a 12 month high of $24.60. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 11.57 and a beta of 0.59.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 7.87%. The ex-dividend date of this dividend is Friday, September 27th. Starwood Property Trust’s dividend payout ratio (DPR) is presently 91.00%.
In other Starwood Property Trust news, CFO Rina Paniry sold 13,000 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $24.01, for a total transaction of $312,130.00. Following the completion of the sale, the chief financial officer now owns 199,927 shares in the company, valued at approximately $4,800,247.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Jeffrey F. Dimodica sold 30,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $23.74, for a total transaction of $712,200.00. Following the sale, the president now owns 305,765 shares of the company’s stock, valued at approximately $7,258,861.10. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Private Capital Group LLC increased its holdings in shares of Starwood Property Trust by 14.9% in the second quarter. Private Capital Group LLC now owns 3,685 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 479 shares during the period. Essex Financial Services Inc. raised its position in shares of Starwood Property Trust by 4.2% in the second quarter. Essex Financial Services Inc. now owns 12,500 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 500 shares during the period. Mirador Capital Partners LP increased its holdings in Starwood Property Trust by 5.0% during the 2nd quarter. Mirador Capital Partners LP now owns 12,794 shares of the real estate investment trust’s stock worth $291,000 after acquiring an additional 607 shares during the period. Private Trust Co. NA increased its holdings in Starwood Property Trust by 4.0% during the 2nd quarter. Private Trust Co. NA now owns 15,699 shares of the real estate investment trust’s stock worth $356,000 after acquiring an additional 608 shares during the period. Finally, Natixis Advisors L.P. increased its holdings in Starwood Property Trust by 1.1% during the 2nd quarter. Natixis Advisors L.P. now owns 60,548 shares of the real estate investment trust’s stock worth $1,376,000 after acquiring an additional 644 shares during the period. Institutional investors own 62.74% of the company’s stock.
Starwood Property Trust Company Profile
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.
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