Starwood Property Trust (NYSE:STWD) released its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.24), Morningstar.com reports. Starwood Property Trust had a return on equity of 10.53% and a net margin of 30.74%. The firm had revenue of $310.50 million during the quarter, compared to analysts’ expectations of $302.52 million. During the same quarter last year, the business earned $0.58 earnings per share. The business’s quarterly revenue was up 19.1% on a year-over-year basis.
NYSE:STWD opened at $22.25 on Friday. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 2.27. The stock has a market cap of $6.28 billion, a price-to-earnings ratio of 10.55 and a beta of 0.56. Starwood Property Trust has a 52 week low of $19.16 and a 52 week high of $23.20.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.92 dividend on an annualized basis and a yield of 8.63%. Starwood Property Trust’s dividend payout ratio is presently 91.00%.
A number of large investors have recently bought and sold shares of the business. Marshall Wace North America L.P. purchased a new position in Starwood Property Trust in the first quarter worth about $60,000. Ocean Capital Management LLC boosted its position in shares of Starwood Property Trust by 2.5% during the first quarter. Ocean Capital Management LLC now owns 35,259 shares of the real estate investment trust’s stock valued at $788,000 after buying an additional 850 shares during the period. Advisory Services Network LLC boosted its position in shares of Starwood Property Trust by 38.6% during the first quarter. Advisory Services Network LLC now owns 2,979 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 829 shares during the period. B. Riley Wealth Management Inc. purchased a new position in shares of Starwood Property Trust during the first quarter valued at approximately $224,000. Finally, Graticule Asia Macro Advisors LLC purchased a new position in shares of Starwood Property Trust during the first quarter valued at approximately $10,409,000. 64.37% of the stock is currently 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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