Starwood Property Trust, Inc. (STWD) Posts Earnings Results, Beats Expectations By $0.01 EPS
Starwood Property Trust, Inc. (NYSE:STWD) posted its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01, Bloomberg Earnings reports. Starwood Property Trust had a net margin of 55.89% and a return on equity of 11.39%. The business had revenue of $211.57 million for the quarter, compared to the consensus estimate of $244.13 million. During the same period last year, the company earned $0.50 EPS.
Shares of Starwood Property Trust (NYSE:STWD) remained flat at $22.08 on Friday. The company had a trading volume of 908,485 shares. The stock has a market capitalization of $5.73 billion, a P/E ratio of 12.68 and a beta of 0.54. Starwood Property Trust has a 12 month low of $21.11 and a 12 month high of $23.46. The company’s 50-day moving average is $22.07 and its 200 day moving average is $22.38.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a $0.48 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.70%. Starwood Property Trust’s dividend payout ratio (DPR) is currently 109.09%.
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STWD has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Starwood Property Trust from a “sell” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Saturday, May 13th. BidaskClub upgraded shares of Starwood Property Trust from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $24.33.
Several hedge funds have recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. raised its stake in Starwood Property Trust by 1.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 5,288 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 50 shares during the period. Penserra Capital Management LLC raised its stake in Starwood Property Trust by 52.3% in the first quarter. Penserra Capital Management LLC now owns 5,867 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 2,015 shares during the period. ClariVest Asset Management LLC raised its stake in Starwood Property Trust by 26.6% in the second quarter. ClariVest Asset Management LLC now owns 6,506 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 1,366 shares during the period. Ffcm LLC raised its stake in Starwood Property Trust by 108.2% in the second quarter. Ffcm LLC now owns 7,253 shares of the real estate investment trust’s stock worth $164,000 after buying an additional 3,769 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Starwood Property Trust by 5.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,039 shares of the real estate investment trust’s stock worth $180,000 after buying an additional 438 shares during the period. 74.15% of the stock is owned by hedge funds and other institutional investors.
Starwood Property Trust Company Profile
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