Starwood Property Trust (STWD) to Release Earnings on Wednesday

Starwood Property Trust (NYSE:STWD) is scheduled to be releasing its earnings data 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 that wish to listen to the company’s earnings conference call can do so using this link.

Starwood Property Trust Stock Up 1.2 %

Starwood Property Trust stock opened at $19.72 on Tuesday. The company has a market cap of $6.19 billion, a P/E ratio of 18.43 and a beta of 1.65. Starwood Property Trust has a 1-year low of $16.08 and a 1-year high of $22.29. The company has a fifty day simple moving average of $19.83 and a 200 day simple moving average of $19.97. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.95.

Starwood Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.74%. The ex-dividend date was Wednesday, March 27th. Starwood Property Trust’s dividend payout ratio (DPR) is currently 179.44%.

Insider Activity

In other news, President Jeffrey F. Dimodica sold 100,000 shares of the company’s stock in a transaction on 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 completion of the sale, the president now owns 1,226,673 shares in the company, valued at approximately $24,876,928.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.80% of the company’s stock.

Analyst Ratings Changes

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

Starwood Property Trust Company Profile

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.