Starwood Property Trust (NYSE:STWD) posted its quarterly earnings data on Friday. The real estate investment trust reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51, Morningstar.com reports. Starwood Property Trust had a return on equity of 13.19% and a net margin of 39.03%. The business had revenue of $285.70 million for the quarter, compared to the consensus estimate of $277.19 million. During the same quarter in the prior year, the business earned $0.65 earnings per share. Starwood Property Trust’s revenue for the quarter was up 26.0% on a year-over-year basis.
NYSE:STWD opened at $22.01 on Friday. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 10.19, a P/E/G ratio of 2.06 and a beta of 0.25. Starwood Property Trust has a 1 year low of $19.47 and a 1 year high of $23.04. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.82.
Several equities analysts recently commented on the company. Zacks Investment Research downgraded Starwood Property Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 30th. ValuEngine upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Monday, October 22nd. Credit Suisse Group upped their price objective on Starwood Property Trust from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, August 21st. Finally, JPMorgan Chase & Co. assumed coverage on Starwood Property Trust in a research note on Friday, September 21st. They issued an “overweight” rating and a $23.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $24.00.
Several large investors have recently bought and sold shares of STWD. Quad Cities Investment Group LLC lifted its position in shares of Starwood Property Trust by 4,950.0% during the third quarter. Quad Cities Investment Group LLC now owns 5,050 shares of the real estate investment trust’s stock worth $109,000 after acquiring an additional 4,950 shares in the last quarter. Tyers Asset Management LLC purchased a new stake in shares of Starwood Property Trust during the second quarter worth $139,000. Qube Research & Technologies Ltd purchased a new stake in shares of Starwood Property Trust during the second quarter worth $151,000. IFP Advisors Inc lifted its position in shares of Starwood Property Trust by 55.6% during the third quarter. IFP Advisors Inc now owns 7,722 shares of the real estate investment trust’s stock worth $166,000 after acquiring an additional 2,760 shares in the last quarter. Finally, Edge Wealth Management LLC lifted its position in shares of Starwood Property Trust by 2,285.7% during the third quarter. Edge Wealth Management LLC now owns 8,350 shares of the real estate investment trust’s stock worth $180,000 after acquiring an additional 8,000 shares in the last quarter. Hedge funds and other institutional investors own 66.63% of the company’s stock.
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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