Equities research analysts expect Starwood Property Trust, Inc. (NYSE:STWD) to announce earnings of $0.52 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Starwood Property Trust’s earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.51. Starwood Property Trust reported earnings of $0.53 per share during the same quarter last year, which indicates a negative year over year growth rate of 1.9%. The company is scheduled to announce its next earnings report before the market opens on Friday, November 8th.
On average, analysts expect that Starwood Property Trust will report full year earnings of $1.91 per share for the current year, with EPS estimates ranging from $1.82 to $2.10. For the next year, analysts anticipate that the business will post earnings of $2.17 per share, with EPS estimates ranging from $2.08 to $2.20. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Starwood Property Trust.
Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $308.00 million. During the same period in the previous year, the business earned $0.54 EPS. The company’s revenue was up 14.6% compared to the same quarter last year.
In other news, President Jeffrey F. Dimodica sold 30,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $23.74, for a total transaction of $712,200.00. Following the transaction, the president now directly owns 305,765 shares in the company, valued at approximately $7,258,861.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Rina Paniry sold 13,000 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $24.01, for a total transaction of $312,130.00. Following the transaction, the chief financial officer now owns 199,927 shares in the company, valued at $4,800,247.27. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. PenderFund Capital Management Ltd. grew its stake in Starwood Property Trust by 58,834.0% in the 2nd quarter. PenderFund Capital Management Ltd. now owns 5,805,000 shares of the real estate investment trust’s stock valued at $6,975,000 after buying an additional 5,795,150 shares during the last quarter. Nuveen Asset Management LLC grew its stake in Starwood Property Trust by 120.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 4,430,138 shares of the real estate investment trust’s stock valued at $100,652,000 after buying an additional 2,416,356 shares during the last quarter. UBS Group AG grew its stake in Starwood Property Trust by 36.4% in the 2nd quarter. UBS Group AG now owns 2,058,922 shares of the real estate investment trust’s stock valued at $46,778,000 after buying an additional 549,892 shares during the last quarter. Timbercreek Investment Management Inc. grew its stake in Starwood Property Trust by 79.0% in the 2nd quarter. Timbercreek Investment Management Inc. now owns 933,789 shares of the real estate investment trust’s stock valued at $21,150,000 after buying an additional 412,100 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Starwood Property Trust by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 26,327,688 shares of the real estate investment trust’s stock valued at $598,166,000 after buying an additional 303,654 shares during the last quarter. Institutional investors own 62.77% of the company’s stock.
STWD stock traded down $0.10 during midday trading on Wednesday, hitting $24.58. The company’s stock had a trading volume of 1,114,268 shares, compared to its average volume of 1,592,870. The company has a debt-to-equity ratio of 2.29, a current ratio of 2.61 and a quick ratio of 2.61. Starwood Property Trust has a twelve month low of $19.16 and a twelve month high of $24.96. The company’s fifty day moving average price is $24.28 and its 200 day moving average price is $23.27. The stock has a market capitalization of $6.93 billion, a P/E ratio of 11.65 and a beta of 0.57.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.48 per share. The ex-dividend date was Friday, September 27th. This represents a $1.92 annualized dividend and a dividend yield of 7.81%. Starwood Property Trust’s dividend payout ratio is presently 91.00%.
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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