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

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

Starwood Property Trust Trading Down 0.2 %

STWD traded down $0.03 during midday trading 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 current ratio of 1.84, a quick ratio of 2.49 and a debt-to-equity ratio of 2.80. The firm has a market cap of $6.17 billion, a P/E ratio of 14.01 and a beta of 1.69. The firm has a 50-day moving average price of $19.44 and a two-hundred day moving average price of $19.72. Starwood Property Trust has a 52-week low of $17.07 and a 52-week high of $22.29.

Starwood Property Trust Dividend Announcement

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 issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.83%. The ex-dividend date is Monday, September 30th. Starwood Property Trust’s dividend payout ratio (DPR) is 138.13%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on STWD. Keefe, Bruyette & Woods lifted their price target on Starwood Property Trust from $20.00 to $20.50 and gave the stock a “market perform” rating in a research note on Friday. Raymond James cut their price target 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. Wolfe Research began coverage on Starwood Property Trust in a research report on Tuesday, June 25th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. lifted their price objective on Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Finally, BTIG Research reiterated a “buy” rating and set a $24.00 price objective on shares of Starwood Property Trust in a research report on Friday, July 19th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.