Starwood Property Trust, Inc. (NYSE:STWD) – Analysts at B. Riley issued their Q3 2019 earnings per share (EPS) estimates for Starwood Property Trust in a research report issued to clients and investors on Wednesday, October 23rd. B. Riley analyst T. Hayes forecasts that the real estate investment trust will post earnings of $0.52 per share for the quarter. B. Riley also issued estimates for Starwood Property Trust’s Q4 2019 earnings at $0.73 EPS, Q1 2020 earnings at $0.51 EPS, Q2 2020 earnings at $0.53 EPS, Q3 2020 earnings at $0.54 EPS and Q4 2020 earnings at $0.55 EPS.
Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. The business had revenue of $351.99 million during the quarter, compared to analysts’ expectations of $308.00 million. Starwood Property Trust had a return on equity of 10.51% and a net margin of 31.15%. The business’s revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share.
A number of other analysts have also recently commented on STWD. Zacks Investment Research upgraded Starwood Property Trust from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a research report on Friday. Raymond James boosted their price objective on Starwood Property Trust from $24.00 to $27.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th.
Starwood Property Trust stock opened at $24.36 on Monday. The stock has a market capitalization of $6.83 billion, a PE ratio of 11.55 and a beta of 0.57. Starwood Property Trust has a 12 month low of $19.16 and a 12 month high of $24.96. The business has a 50 day simple moving average of $24.36 and a 200-day simple moving average of $23.33. The company has a debt-to-equity ratio of 2.29, a current ratio of 2.61 and a quick ratio of 2.61.
Institutional investors and hedge funds have recently modified their holdings of the stock. Lenox Wealth Advisors LLC purchased a new stake in shares of Starwood Property Trust during the third quarter worth approximately $25,000. AdvisorNet Financial Inc increased its position in shares of Starwood Property Trust by 484.9% during the third quarter. AdvisorNet Financial Inc now owns 1,088 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 902 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Starwood Property Trust during the second quarter worth approximately $27,000. Pacific Center for Financial Services purchased a new stake in Starwood Property Trust in the 2nd quarter valued at $27,000. Finally, Sandy Spring Bank purchased a new stake in Starwood Property Trust in the 2nd quarter valued at $28,000. Hedge funds and other institutional investors own 62.77% of the company’s stock.
In related news, President Jeffrey F. Dimodica sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was 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 $7,258,861.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Rina Paniry sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was 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 disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 7.88%. The ex-dividend date was Friday, September 27th. Starwood Property Trust’s dividend payout ratio (DPR) is presently 91.00%.
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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