$0.53 Earnings Per Share Expected for Starwood Property Trust, Inc. (NYSE:STWD) This Quarter
Equities research analysts predict that Starwood Property Trust, Inc. (NYSE:STWD) will report earnings of $0.53 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Starwood Property Trust’s earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.51. Starwood Property Trust also posted earnings per share of $0.53 during the same quarter last year. The company is scheduled to announce its next quarterly earnings results on Friday, November 8th.
According to Zacks, analysts expect that Starwood Property Trust will report full year earnings of $1.86 per share for the current year, with EPS estimates ranging from $1.80 to $1.90. For the next financial year, analysts anticipate that the business will post earnings of $2.16 per share, with EPS estimates ranging from $2.08 to $2.20. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Starwood Property Trust.
Starwood Property Trust (NYSE:STWD) last posted its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. Starwood Property Trust had a net margin of 31.15% and a return on equity of 10.51%. The business had revenue of $351.99 million for the quarter, compared to the consensus estimate of $308.00 million. During the same period last year, the company earned $0.54 EPS. The firm’s revenue was up 14.6% compared to the same quarter last year.
NYSE:STWD traded up $0.07 during mid-day trading on Friday, hitting $23.72. 46,568 shares of the company’s stock were exchanged, compared to its average volume of 1,646,401. The company has a 50 day simple moving average of $23.20 and a 200-day simple moving average of $22.70. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 2.29. Starwood Property Trust has a fifty-two week low of $19.16 and a fifty-two week high of $23.85. The firm has a market capitalization of $6.66 billion, a P/E ratio of 11.24 and a beta of 0.58.
The company 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 dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.92 annualized dividend and a yield of 8.09%. Starwood Property Trust’s payout ratio is 91.00%.
A number of institutional investors have recently added to or reduced their stakes in STWD. Private Capital Group LLC boosted its holdings in shares of Starwood Property Trust by 14.9% in the 2nd quarter. Private Capital Group LLC now owns 3,685 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 479 shares during the last quarter. Essex Financial Services Inc. boosted its stake in shares of Starwood Property Trust by 4.2% during the second quarter. Essex Financial Services Inc. now owns 12,500 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 500 shares during the period. Mirador Capital Partners LP boosted its stake in shares of Starwood Property Trust by 5.0% during the second quarter. Mirador Capital Partners LP now owns 12,794 shares of the real estate investment trust’s stock valued at $291,000 after purchasing an additional 607 shares during the period. Private Trust Co. NA boosted its stake in shares of Starwood Property Trust by 4.0% during the second quarter. Private Trust Co. NA now owns 15,699 shares of the real estate investment trust’s stock valued at $356,000 after purchasing an additional 608 shares during the period. Finally, Natixis Advisors L.P. boosted its stake in shares of Starwood Property Trust by 1.1% during the second quarter. Natixis Advisors L.P. now owns 60,548 shares of the real estate investment trust’s stock valued at $1,376,000 after purchasing an additional 644 shares during the period. Hedge funds and other institutional investors own 62.44% of the company’s stock.
Starwood Property Trust Company Profile
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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