The price of Starwood Property Trust Inc. (NYSE:STWD) shares last traded on Wall Street fell -0.39% to $20.68.
Based on available information, 8 analysts follow Starwood Property Trust Inc. (NYSE:STWD). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $19.00, we find $21.00. Given the previous closing price of $20.76, this indicates a potential upside of 1.16 percent. STWD stock price is now 10.28% away from the 50-day moving average and 8.49% away from the 200-day moving average. The market capitalization of the company currently stands at $6.48B.
Among analysts, 1 rate the stock a hold while 7 rate it a buy. Brokers who have rated the stock have averaged $21.00 as their price target over the next twelve months.
In other news, Sossen Andrew Jay, COO and General Counsel sold 18,155 shares of the company’s stock on Nov 15. The stock was sold for $383,323 at an average price of $21.11. Upon completion of the transaction, the COO and General Counsel now directly owns 275,726 shares in the company, valued at $5.7 million. Insiders disposed of 391,184 shares of company stock worth roughly $8.09 million over the past 1 year. A total of 3.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in STWD stock. A new stake in Starwood Property Trust Inc. shares was purchased by RETIREMENT SYSTEMS OF ALABAMA during the first quarter worth $11,018,000. TEXAS PERMANENT SCHOOL FUND CORP invested $5,742,000 in shares of STWD during the first quarter. In the first quarter, SIMPLICITY SOLUTIONS, LLC acquired a new stake in Starwood Property Trust Inc. valued at approximately $2,961,000. GROUP ONE TRADING, L.P. acquired a new stake in STWD for approximately $2,948,000. COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS purchased a new stake in STWD valued at around $2,884,000 in the second quarter. In total, there are 576 active investors with 46.70% ownership of the company’s stock.
A candlestick chart of Starwood Property Trust Inc. (NYSE: STWD) showed a price of $20.87 on Monday morning. During the past 12 months, Starwood Property Trust Inc. has had a low of $16.06 and a high of $24.12. The fifty day moving average price for STWD is $18.84 and a two-hundred day moving average price translates $19.11 for the stock.
The latest earnings results from Starwood Property Trust Inc. (NYSE: STWD) was released for Mar, 2023. According to the REIT – Mortgage Company, earnings per share came in at $0.5, missing analysts’ expectations of $0.51 by -0.01. This compares to $1.02 EPS in the same period last year. The company reported revenue of $490.41 million for the quarter, compared to $293.99 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 66.81 percent. For the current quarter, analysts expect STWD to generate $514.14M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/17/2023. Investors who held shares on 06/30/2023 were paid a $0.48 dividend. On an annualized basis, this represents a $1.92 dividend and a 9.28% percent yield. There was an ex-dividend date of 06/29/2023 for this dividend. In terms of dividend payout ratio, STWD is presently at 69.68%.
Starwood Property Trust Inc.(STWD) Company Profile
Starwood Property Trust, Inc. operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through four segments: 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. The Infrastructure lending segment originates, acquires, finances, and manages infrastructure debt investments. The Property segment engages primarily in acquiring and managing equity interests in stabilized commercial real estate properties, such as multifamily properties and commercial properties subject to net leases, that are held for investment. The Investing and Servicing segment manages and works out problem assets; acquires and manages unrated, investment grade, and non-investment grade rated CMBS comprising subordinated interests of securitization and re-securitization transactions; originates conduit loans for the primary purpose of selling these loans into securitization transactions; and acquires commercial real estate assets that include properties acquired from CMBS trusts. The company qualifies as a REIT for federal income tax purposes and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Starwood Property Trust, Inc. was incorporated in 2009 and is headquartered in Greenwich, Connecticut.
