Analysts forecast that Starwood Property Trust, Inc. (NYSE:STWD) will report $0.52 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Starwood Property Trust’s earnings. The lowest EPS estimate is $0.51 and the highest is $0.52. Starwood Property Trust posted earnings per share of $0.53 in the same quarter last year, which indicates a negative year over year growth rate of 1.9%. The firm is expected to report its next quarterly earnings report on Friday, November 8th.
According to Zacks, 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 fiscal year, analysts anticipate that the business will report earnings of $2.17 per share, with EPS estimates ranging from $2.08 to $2.20. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Starwood Property Trust.
Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $351.99 million for the quarter, compared to the consensus estimate of $308.00 million. During the same period last year, the firm posted $0.54 EPS. Starwood Property Trust’s revenue for the quarter was up 14.6% on a year-over-year basis.
Starwood Property Trust stock traded up $0.15 during midday trading on Tuesday, hitting $24.13. 1,495,255 shares of the company’s stock were exchanged, compared to its average volume of 1,702,118. Starwood Property Trust has a 12-month low of $19.16 and a 12-month high of $24.96. The company has a debt-to-equity ratio of 2.29, a quick ratio of 2.61 and a current ratio of 2.61. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 11.44 and a beta of 0.57. The firm’s 50 day simple moving average is $23.99 and its 200 day simple moving average is $23.11.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 7.96%. The ex-dividend date is Friday, September 27th. Starwood Property Trust’s payout ratio is currently 91.00%.
In other news, CFO Rina Paniry sold 13,000 shares of Starwood Property Trust stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $24.01, for a total value of $312,130.00. Following the sale, the chief financial officer now owns 199,927 shares of the company’s stock, valued at $4,800,247.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Jeffrey F. Dimodica sold 30,000 shares of Starwood Property Trust 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 completion of the sale, the president now directly owns 305,765 shares in the company, valued at approximately $7,258,861.10. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.
Several large investors have recently modified their holdings of STWD. Lenox Wealth Advisors LLC purchased a new stake in shares of Starwood Property Trust in the third quarter valued at about $25,000. Valeo Financial Advisors LLC purchased a new stake in shares of Starwood Property Trust in the second quarter valued at about $27,000. Pacific Center for Financial Services purchased a new stake in shares of Starwood Property Trust in the second quarter valued at about $27,000. Sandy Spring Bank purchased a new stake in shares of Starwood Property Trust in the second quarter valued at about $28,000. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Starwood Property Trust by 118.3% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,552 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 841 shares in the last quarter. 62.74% of the stock is currently owned by institutional investors and hedge funds.
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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