Starwood Property Trust, Inc. (NYSE:STWD) released its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.52 EPS for the quarter, beating 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 firm had revenue of $211.57 million for the quarter, compared to analyst estimates of $244.13 million. During the same period last year, the firm earned $0.50 EPS.
Starwood Property Trust (NYSE:STWD) remained flat at $22.08 during trading on Friday. 908,485 shares of the stock were exchanged. The firm has a market capitalization of $5.73 billion, a PE ratio of 12.68 and a beta of 0.54. The firm’s 50-day moving average price is $22.07 and its 200 day moving average price is $22.38. Starwood Property Trust has a 12 month low of $21.11 and a 12 month high of $23.46.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 8.70%. The ex-dividend date is Thursday, September 28th. Starwood Property Trust’s dividend payout ratio is currently 109.09%.
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STWD has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. BidaskClub raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. Starwood Property Trust currently 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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