Brokerages expect Starwood Property Trust, Inc. (NYSE:STWD) to announce $332.34 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Starwood Property Trust’s earnings, with the highest sales estimate coming in at $348.50 million and the lowest estimate coming in at $316.17 million. Starwood Property Trust reported sales of $285.72 million in the same quarter last year, which indicates a positive year over year growth rate of 16.3%. The company is expected to issue its next earnings report 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 financial year, with estimates ranging from $1.26 billion to $1.32 billion. For the next year, analysts forecast that the business will report sales of $1.41 billion, with estimates ranging from $1.38 billion to $1.45 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research 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 analysts’ consensus estimates of $0.50 by $0.02. Starwood Property Trust had a return on equity of 10.51% and a net margin of 31.15%. The firm had revenue of $351.99 million during the quarter, compared to analyst estimates of $308.00 million. During the same period last year, the company posted $0.54 EPS. The firm’s quarterly revenue was up 14.6% on a year-over-year basis.
Several analysts recently issued reports on STWD shares. Zacks Investment Research upgraded Starwood Property Trust from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Wednesday, August 28th. Raymond James increased their price objective on Starwood Property Trust from $24.00 to $27.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Starwood Property Trust presently has an average rating of “Buy” and a consensus target price of $25.50.
Shares of NYSE:STWD traded up $0.02 during midday trading on Monday, hitting $24.41. 2,185,400 shares of the stock were exchanged, compared to its average volume of 1,614,133. The company has a debt-to-equity ratio of 2.29, a quick ratio of 2.61 and a current ratio of 2.61. Starwood Property Trust has a 52-week low of $19.16 and a 52-week high of $24.60. The business’s fifty day simple moving average is $23.51 and its two-hundred day simple moving average is $22.89. The company has a market capitalization of $6.86 billion, a PE ratio of 11.57 and a beta of 0.59.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.92 annualized dividend and a yield of 7.87%. Starwood Property Trust’s dividend payout ratio (DPR) is currently 91.00%.
In other Starwood Property Trust news, President Jeffrey F. Dimodica sold 30,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was 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 $7,258,861.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Rina Paniry sold 13,000 shares of the firm’s 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 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 company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Starwood Property Trust by 1.2% in the second quarter. Vanguard Group Inc. now owns 26,327,688 shares of the real estate investment trust’s stock valued at $598,166,000 after purchasing an additional 303,654 shares during the last quarter. PenderFund Capital Management Ltd. grew its position in shares of Starwood Property Trust by 58,834.0% in the second 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 during the last quarter. Neuberger Berman Group LLC grew its position in shares of Starwood Property Trust by 0.8% in the first quarter. Neuberger Berman Group LLC now owns 5,417,963 shares of the real estate investment trust’s stock valued at $121,092,000 after purchasing an additional 43,615 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of Starwood Property Trust by 120.0% in the second 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 during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Starwood Property Trust by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 2,998,356 shares of the real estate investment trust’s stock valued at $59,281,000 after purchasing an additional 183,447 shares during the last quarter. Institutional investors own 62.74% of the company’s stock.
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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