Analysts predict that Starwood Property Trust, Inc. (NYSE:STWD) will announce sales of $329.05 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Starwood Property Trust’s earnings. The lowest sales estimate is $309.29 million and the highest is $348.80 million. Starwood Property Trust posted sales of $269.56 million in the same quarter last year, which suggests a positive year over year growth rate of 22.1%. The company is scheduled to report its next earnings report on Wednesday, August 14th.
On average, analysts expect that Starwood Property Trust will report full year sales of $1.31 billion for the current financial year, with estimates ranging from $1.26 billion to $1.36 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.42 billion, with estimates ranging from $1.38 billion to $1.45 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Starwood Property Trust.
Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.24). Starwood Property Trust had a return on equity of 10.53% and a net margin of 30.74%. The firm had revenue of $310.50 million for the quarter, compared to the consensus estimate of $302.52 million. During the same quarter last year, the business earned $0.58 earnings per share. The business’s revenue for the quarter was up 19.1% compared to the same quarter last year.
Several equities research analysts have weighed in on STWD shares. BTIG Research started coverage on Starwood Property Trust in a research report on Tuesday, February 26th. They issued a “buy” rating and a $25.00 target price on the stock. Zacks Investment Research raised Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $24.25.
NYSE STWD traded down $0.03 during trading hours on Friday, hitting $22.63. The company had a trading volume of 22,762 shares, compared to its average volume of 1,737,872. Starwood Property Trust has a fifty-two week low of $19.16 and a fifty-two week high of $23.20. The company has a debt-to-equity ratio of 2.27, a current ratio of 3.14 and a quick ratio of 3.14. The firm has a market capitalization of $6.35 billion, a PE ratio of 10.73 and a beta of 0.56.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 8.48%. The ex-dividend date is Thursday, June 27th. Starwood Property Trust’s dividend payout ratio is presently 91.00%.
A number of hedge funds and other institutional investors have recently modified their holdings of STWD. Norges Bank acquired a new stake in Starwood Property Trust in the fourth quarter worth $45,527,000. Raymond James & Associates grew its holdings in Starwood Property Trust by 531.0% during the fourth quarter. Raymond James & Associates now owns 1,840,928 shares of the real estate investment trust’s stock worth $36,285,000 after acquiring an additional 1,549,168 shares during the period. Vanguard Group Inc grew its holdings in Starwood Property Trust by 3.2% during the third quarter. Vanguard Group Inc now owns 24,057,993 shares of the real estate investment trust’s stock worth $517,728,000 after acquiring an additional 749,886 shares during the period. Standard Life Aberdeen plc grew its holdings in Starwood Property Trust by 64.9% during the fourth quarter. Standard Life Aberdeen plc now owns 1,311,625 shares of the real estate investment trust’s stock worth $26,744,000 after acquiring an additional 516,437 shares during the period. Finally, Graticule Asia Macro Advisors LLC acquired a new position in Starwood Property Trust during the first quarter worth about $10,409,000. 65.82% of the stock is currently owned by hedge funds and other institutional investors.
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.
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