Starwood Property Trust (STWD) Posts Quarterly Earnings Results
Starwood Property Trust (NASDAQ:STWD) posted its quarterly earnings results on Wednesday. The company reported $0.51 EPS for the quarter, AnalystRatings.Net reports. The company had revenue of $118.33 million for the quarter.
A number of analysts have recently weighed in on STWD shares. Analysts at FBR Capital Markets reiterated a “” rating on shares of Starwood Property Trust in a research note on Monday, June 2nd. They now have a $27.00 price target on the stock. Analysts at Goldman Sachs initiated coverage on shares of Starwood Property Trust in a research note on Tuesday, May 20th. They set a “buy” rating and a $25.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $27.83.
Starwood Property Trust (NASDAQ:STWD) opened at 23.57 on Wednesday. Starwood Property Trust has a 52-week low of $19.1501 and a 52-week high of $24.7299. The stock has a 50-day moving average of $23.63 and a 200-day moving average of $23.82. The company has a market cap of $4.621 billion and a P/E ratio of 11.94.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 8.15%.
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