Starwood Property Trust (STWD) Set to Announce Earnings on Wednesday

Starwood Property Trust (NYSE:STWD) is scheduled to announce its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The firm had revenue of $489.80 million for the quarter, compared to the consensus estimate of $505.23 million. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. On average, analysts expect Starwood Property Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Starwood Property Trust Price Performance

Shares of NYSE:STWD opened at $19.68 on Tuesday. The firm has a 50 day moving average of $20.19 and a 200-day moving average of $19.78. Starwood Property Trust has a 12 month low of $18.42 and a 12 month high of $22.29. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.80. The stock has a market capitalization of $6.23 billion, a PE ratio of 18.06 and a beta of 1.70.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on STWD shares. BTIG Research restated a “buy” rating and set a $24.00 target price on shares of Starwood Property Trust in a research note on Friday, July 19th. Keefe, Bruyette & Woods upgraded Starwood Property Trust from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $20.50 to $22.50 in a research report on Thursday, September 5th. JPMorgan Chase & Co. lifted their target price on Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Finally, Wells Fargo & Company increased their target price on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.36.

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.