Starwood Property Trust (STWD) to Release Earnings on Wednesday

Starwood Property Trust (NYSE:STWD) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Starwood Property Trust to post earnings of $0.44 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Starwood Property Trust Stock Performance

Shares of Starwood Property Trust stock opened at $18.97 on Wednesday. Starwood Property Trust has a 52 week low of $16.06 and a 52 week high of $22.29. The business’s fifty day simple moving average is $19.87 and its 200-day simple moving average is $19.96. The firm has a market cap of $5.95 billion, a PE ratio of 17.73 and a beta of 1.65. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.95.

Starwood Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 10.12%. The ex-dividend date of this dividend was Wednesday, March 27th. Starwood Property Trust’s payout ratio is 179.44%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on STWD shares. Keefe, Bruyette & Woods reduced their price target on Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a research report on Wednesday, April 10th. BTIG Research reduced their price target on Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Wells Fargo & Company increased their price target on Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Bank of America reaffirmed a “neutral” rating and issued a $21.50 price target (down previously from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. reduced their price target on Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.71.

Insider Activity

In other news, President Jeffrey F. Dimodica sold 25,000 shares of Starwood Property Trust stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $20.33, for a total value of $508,250.00. Following the completion of the sale, the president now owns 925,984 shares of the company’s stock, valued at $18,825,254.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Starwood Property Trust news, President Jeffrey F. Dimodica sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $20.33, for a total transaction of $508,250.00. Following the completion of the sale, the president now owns 925,984 shares of the company’s stock, valued at $18,825,254.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Jeffrey F. Dimodica sold 100,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $20.28, for a total value of $2,028,000.00. Following the sale, the president now directly owns 1,226,673 shares of the company’s stock, valued at approximately $24,876,928.44. The disclosure for this sale can be found here. Company insiders own 5.80% 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 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.