Starwood Property Trust, Inc. (NYSE:STWD) Releases Earnings Results, Beats Expectations By $0.01 EPS

Starwood Property Trust, Inc. (NYSE:STWD) posted its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the Zacks’ 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 analysts’ expectations of $244.13 million. During the same quarter in the previous year, the business posted $0.50 earnings per share.

Starwood Property Trust (STWD) remained flat at $22.08 on Friday. 908,485 shares of the company’s stock were exchanged. Starwood Property Trust has a 12 month low of $21.11 and a 12 month high of $23.46. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 12.68 and a beta of 0.54. The stock has a 50 day moving average of $22.07 and a 200 day moving average of $22.38.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date is Thursday, September 28th. Starwood Property Trust’s dividend payout ratio (DPR) is 109.09%.

Several hedge funds have recently modified their holdings of STWD. Bronfman E.L. Rothschild L.P. increased its stake in shares of 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 increased its stake in shares of 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 last quarter. ClariVest Asset Management LLC increased its stake in shares of 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 last quarter. Ffcm LLC increased its stake in shares of 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 last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of 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 last quarter. 74.15% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have weighed in on STWD shares. Zacks Investment Research upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. BidaskClub upgraded shares of Starwood Property Trust from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $24.33.

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About Starwood Property Trust

Earnings History for Starwood Property Trust (NYSE:STWD)

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