Wall Street brokerages forecast that Starwood Property Trust, Inc. (NYSE:STWD) will report sales of $269.78 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Starwood Property Trust’s earnings, with the lowest sales estimate coming in at $229.36 million and the highest estimate coming in at $310.20 million. Starwood Property Trust reported 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 expected to announce its next quarterly earnings results before the market opens 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 fiscal year, with estimates ranging from $880.02 million to $1.13 billion. For the next fiscal year, analysts expect 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 a mean average based on a survey of sell-side research analysts that that provide coverage for Starwood Property Trust.
Starwood Property Trust (NYSE:STWD) last posted its earnings results on Friday, November 9th. The real estate investment trust reported $0.51 earnings per share for the quarter, hitting the Zacks’ 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 quarter in the prior year, the business posted $0.65 EPS. The firm’s revenue was up 26.0% compared to the same quarter last year.
Shares of STWD traded up $0.10 on Thursday, reaching $21.32. The company’s stock had a trading volume of 1,316,125 shares, compared to its average volume of 2,079,750. The company has a debt-to-equity ratio of 2.19, a current ratio of 2.06 and a quick ratio of 2.06. Starwood Property Trust has a twelve month low of $19.16 and a twelve month high of $23.04. The firm has a market capitalization of $5.87 billion, a PE ratio of 9.87, a P/E/G ratio of 2.00 and a beta of 0.37.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.01%. The ex-dividend date was Friday, December 28th. Starwood Property Trust’s payout ratio is 88.89%.
A number of hedge funds have recently modified their holdings of STWD. Quad Cities Investment Group LLC grew its position in Starwood Property Trust by 4,950.0% in 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 in the last quarter. IFP Advisors Inc grew 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 valued at $166,000 after acquiring an additional 2,760 shares during the period. Edge Wealth Management LLC lifted its stake 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 valued at $180,000 after buying an additional 8,000 shares in the last quarter. Northern Oak Wealth Management Inc. lifted its stake 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 valued at $230,000 after buying an additional 3,800 shares in the last quarter. Finally, First Hawaiian Bank purchased a new stake in shares of Starwood Property Trust during the 3rd quarter valued at approximately $231,000. 64.65% of the stock is owned by institutional investors and hedge funds.
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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