Starwood Property Trust (NYSE:STWD) Releases Earnings Results

Starwood Property Trust (NYSE:STWD) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.03), reports. The firm had revenue of $286.43 million during the quarter, compared to the consensus estimate of $305.22 million. Starwood Property Trust had a return on equity of 9.97% and a net margin of 41.26%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 earnings per share.

Shares of STWD stock traded down $0.91 during mid-day trading on Friday, hitting $21.91. The company had a trading volume of 386,810 shares, compared to its average volume of 1,482,461. Starwood Property Trust has a 52-week low of $21.93 and a 52-week high of $26.33. The stock’s 50 day moving average price is $25.49 and its 200-day moving average price is $24.62. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.01 and a quick ratio of 1.91. The company has a market capitalization of $6.45 billion, a P/E ratio of 12.41 and a beta of 0.57.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 8.76%. The ex-dividend date of this dividend is Monday, March 30th. Starwood Property Trust’s dividend payout ratio (DPR) is presently 112.28%.

A number of equities analysts have weighed in on the stock. B. Riley upped their price target on shares of Starwood Property Trust from $25.50 to $27.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Zacks Investment Research lowered shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Finally, Wells Fargo & Co assumed coverage on shares of Starwood Property Trust in a research report on Monday, December 2nd. They issued an “outperform” rating and a $26.00 price target for the company.

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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Earnings History for Starwood Property Trust (NYSE:STWD)

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