Starwood Property Trust (NYSE:STWD) Issues Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Starwood Property Trust (NYSE:STWD) issued its quarterly earnings results on Friday. The real estate investment trust reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01), RTT News reports. Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The company had revenue of $418.18 million during the quarter, compared to the consensus estimate of $469.00 million. During the same period in the previous year, the company earned $0.59 EPS.

Starwood Property Trust Price Performance

Shares of NYSE STWD opened at $19.17 on Friday. Starwood Property Trust has a 1-year low of $16.59 and a 1-year high of $21.17. The stock’s 50-day moving average is $19.19 and its two-hundred day moving average is $19.47. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 16.38 and a beta of 1.26. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79.

Starwood Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 10.02%. The ex-dividend date was Monday, March 31st. Starwood Property Trust’s payout ratio is 174.55%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on STWD. UBS Group dropped their price target on shares of Starwood Property Trust from $19.50 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. decreased their price objective on Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods decreased their target price on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.86.

Starwood Property Trust Company Profile

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.