Starwood Property Trust, Inc. (STWD) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS
Starwood Property Trust, Inc. (NYSE:STWD) issued its earnings results on Wednesday. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01, Bloomberg Earnings reports. The company had revenue of $211.57 million for the quarter, compared to analyst estimates of $244.13 million. Starwood Property Trust had a net margin of 51.76% and a return on equity of 9.02%. During the same quarter last year, the firm earned $0.50 EPS.
Shares of Starwood Property Trust (STWD) traded up 2.43% during mid-day trading on Wednesday, reaching $22.31. 3,311,356 shares of the company’s stock traded hands. The company has a 50 day moving average of $22.25 and a 200 day moving average of $22.40. The company has a market cap of $5.81 billion, a price-to-earnings ratio of 12.61 and a beta of 0.54. Starwood Property Trust has a 12 month low of $21.11 and a 12 month high of $23.46.
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In other Starwood Property Trust news, Director Camille J. Douglas sold 4,500 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $21.62, for a total transaction of $97,290.00. Following the transaction, the director now directly owns 20,944 shares in the company, valued at approximately $452,809.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Oppenheimer & Co. Inc. acquired a new position in Starwood Property Trust during the second quarter worth about $466,000. Cipher Capital LP acquired a new position in Starwood Property Trust during the second quarter worth about $2,789,000. Swiss National Bank boosted its position in Starwood Property Trust by 2.0% in the second quarter. Swiss National Bank now owns 431,965 shares of the real estate investment trust’s stock worth $9,672,000 after buying an additional 8,300 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in Starwood Property Trust by 1.6% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,375 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 87 shares during the last quarter. Finally, Pacad Investment Ltd. acquired a new position in Starwood Property Trust during the second quarter worth about $369,000. Hedge funds and other institutional investors own 74.20% of the company’s stock.
Several research analysts have recently issued reports on the stock. BidaskClub lowered shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Starwood Property Trust from a “sell” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Saturday, May 13th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Starwood Property Trust has a consensus rating of “Hold” and a consensus price target of $24.00.
Starwood Property Trust Company Profile
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