Starwood Property Trust (NYSE:STWD) Releases Earnings Results, Beats Estimates By $0.04 EPS

Starwood Property Trust (NYSE:STWD) posted its earnings results on Tuesday. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04, Briefing.com reports. Starwood Property Trust had a return on equity of 10.03% and a net margin of 17.05%. The firm had revenue of $489.80 million for the quarter, compared to analyst estimates of $505.23 million. During the same quarter in the prior year, the company earned $0.47 EPS. Starwood Property Trust’s revenue was down 5.0% on a year-over-year basis.

Starwood Property Trust Trading Down 0.2 %

Shares of Starwood Property Trust stock traded down $0.03 during trading hours on Friday, hitting $19.53. The company’s stock had a trading volume of 1,212,575 shares, compared to its average volume of 2,211,095. The company has a quick ratio of 2.49, a current ratio of 1.84 and a debt-to-equity ratio of 2.80. The company has a market capitalization of $6.17 billion, a PE ratio of 14.01 and a beta of 1.69. The business has a fifty day moving average of $19.44 and a 200 day moving average of $19.72. Starwood Property Trust has a 1-year low of $17.07 and a 1-year high of $22.29.

Starwood Property Trust Announces Dividend

The firm also recently declared 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. The ex-dividend date is Monday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 9.83%. Starwood Property Trust’s dividend payout ratio (DPR) is 138.13%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of Starwood Property Trust in a research note on Tuesday, June 25th. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. raised their target price on shares of Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. BTIG Research reiterated a “buy” rating and issued a $24.00 price target on shares of Starwood Property Trust in a report on Friday, July 19th. Keefe, Bruyette & Woods raised their price objective on Starwood Property Trust from $20.00 to $20.50 and gave the stock a “market perform” rating in a report on Friday. Finally, Raymond James dropped their target price on Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating for the company in a research note on Thursday, May 16th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.79.

About Starwood Property Trust

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.