Starwood Property Trust (NYSE:STWD) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Starwood Property Trust (NYSE:STWD) posted its quarterly earnings results on Friday. The real estate investment trust reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01), RTT News reports. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The business had revenue of $418.18 million during the quarter, compared to analysts’ expectations of $469.00 million. During the same quarter last year, the firm earned $0.59 earnings per share.

Starwood Property Trust Stock Up 0.7 %

STWD stock opened at $19.17 on Friday. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a market capitalization of $6.47 billion, a P/E ratio of 16.38 and a beta of 1.26. Starwood Property Trust has a 52-week low of $16.59 and a 52-week high of $21.17. The company’s 50 day simple moving average is $19.19 and its 200-day simple moving average is $19.47.

Starwood Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 10.02%. The ex-dividend date was Monday, March 31st. Starwood Property Trust’s payout ratio is 174.55%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. UBS Group decreased their price target on Starwood Property Trust from $19.50 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. dropped their target price on Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Monday, April 7th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $21.86.

Starwood Property Trust Company Profile

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.