$269.78 Million in Sales Expected for Starwood Property Trust, Inc. (STWD) This Quarter
Wall Street brokerages expect Starwood Property Trust, Inc. (NYSE:STWD) to post sales of $269.78 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Starwood Property Trust’s earnings, with estimates ranging from $229.36 million to $310.20 million. Starwood Property Trust posted sales of $242.83 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.1%. The company is scheduled to report its next earnings report on Wednesday, February 27th.
According to Zacks, analysts expect that Starwood Property Trust will report full-year sales of $1.00 billion for the current financial year, with estimates ranging from $880.02 million to $1.13 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.13 billion, with estimates ranging from $941.91 million to $1.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Starwood Property Trust.
Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Friday, November 9th. The real estate investment trust reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. Starwood Property Trust had a net margin of 36.49% and a return on equity of 12.41%. The company had revenue of $285.70 million for the quarter, compared to analyst estimates of $277.19 million. During the same period in the prior year, the company earned $0.65 earnings per share. The firm’s revenue was up 26.0% on a year-over-year basis.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quad Cities Investment Group LLC raised its position in shares of Starwood Property Trust by 4,950.0% during the 3rd quarter. Quad Cities Investment Group LLC now owns 5,050 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 4,950 shares during the last quarter. IFP Advisors Inc raised its position in shares of Starwood Property Trust by 55.6% during the 3rd quarter. IFP Advisors Inc now owns 7,722 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 2,760 shares during the last quarter. Edge Wealth Management LLC raised its position in shares of Starwood Property Trust by 2,285.7% during the 3rd quarter. Edge Wealth Management LLC now owns 8,350 shares of the real estate investment trust’s stock worth $180,000 after purchasing an additional 8,000 shares during the last quarter. Northern Oak Wealth Management Inc. raised its position in shares of Starwood Property Trust by 55.1% during the 3rd quarter. Northern Oak Wealth Management Inc. now owns 10,700 shares of the real estate investment trust’s stock worth $230,000 after purchasing an additional 3,800 shares during the last quarter. Finally, First Hawaiian Bank acquired a new position in shares of Starwood Property Trust during the 3rd quarter worth about $231,000. Hedge funds and other institutional investors own 64.65% of the company’s stock.
STWD stock opened at $21.09 on Thursday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.06 and a current ratio of 2.06. Starwood Property Trust has a 52-week low of $19.16 and a 52-week high of $23.04. The stock has a market cap of $5.82 billion, a PE ratio of 9.76, a PEG ratio of 1.98 and a beta of 0.37.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.10%. The ex-dividend date was Friday, December 28th. Starwood Property Trust’s payout ratio is currently 88.89%.
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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