Wall Street brokerages predict that Starwood Property Trust, Inc. (NYSE:STWD) will announce sales of $332.34 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Starwood Property Trust’s earnings, with estimates ranging from $316.17 million to $348.50 million. Starwood Property Trust reported sales of $285.72 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.3%. The business is expected to report its next quarterly earnings results on Friday, November 8th.
According to Zacks, 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 fiscal year, analysts expect that the company will post sales of $1.41 billion, with estimates ranging from $1.38 billion to $1.45 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Starwood Property Trust.
Starwood Property Trust (NYSE:STWD) last released its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.52 earnings per share (EPS) 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 analyst estimates of $308.00 million. During the same quarter last year, the business earned $0.54 EPS. The company’s revenue was up 14.6% compared to the same quarter last year.
Starwood Property Trust stock traded up $0.05 during mid-day trading on Monday, hitting $24.39. 2,137,800 shares of the stock were exchanged, compared to its average volume of 1,610,990. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 2.29. Starwood Property Trust has a 12 month low of $19.16 and a 12 month high of $24.60. The firm’s fifty day simple moving average is $23.48 and its two-hundred day simple moving average is $22.88. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 11.56 and a beta of 0.59.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.92 annualized dividend and a dividend yield of 7.87%. Starwood Property Trust’s dividend payout ratio is currently 91.00%.
In other news, CFO Rina Paniry sold 13,000 shares of Starwood Property Trust stock in a transaction on Monday, September 9th. The shares were sold at an average price of $24.01, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Jeffrey F. Dimodica sold 30,000 shares of Starwood Property Trust 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 completion of 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.
Several large investors have recently added to or reduced their stakes in the company. PenderFund Capital Management Ltd. increased its stake in Starwood Property Trust by 58,834.0% during 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 purchasing an additional 5,795,150 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Starwood Property Trust by 120.0% during 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 purchasing an additional 2,416,356 shares in the last quarter. Raymond James & Associates increased its stake in Starwood Property Trust by 37.5% during the 1st quarter. Raymond James & Associates now owns 2,531,966 shares of the real estate investment trust’s stock valued at $56,589,000 after purchasing an additional 691,038 shares in the last quarter. UBS Group AG increased its stake in Starwood Property Trust by 36.4% during 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 purchasing an additional 549,892 shares in the last quarter. Finally, Timbercreek Investment Management Inc. increased its stake in Starwood Property Trust by 79.0% during 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 purchasing an additional 412,100 shares in the last quarter. Institutional investors own 63.57% 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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