STWD Stock Recent News
STWD LATEST HEADLINES
Starwood Property Trust maintains a diversified investment portfolio with solid core business performance. STWD covered its dividend with distributable earnings in 1Q-23. The dividend, in my view, is secure.
Starwood Property's financial results in 1Q 2023 were weaker than in 1Q 2022 and 4Q 2022. The effect of hiked interest rates on STWD's interest expenses is stronger than their effect on the company's interest income.
Starwood Property Trust (STWD) came out with quarterly earnings of $0.49 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.76 per share a year ago.
GREENWICH, Conn. , April 11, 2023 /PRNewswire/ -- Starwood Property Trust (NYSE: STWD) today announced that the Company will release its first quarter 2023 financial results on Thursday, May 4, 2023 before the opening of trading on the New York Stock Exchange.
STWD is trading at -17.31% of its book value, and its total equity on the balance sheet is 34.81% larger than its market cap, which is creating an interesting value proposition. STWD has dropped-27.88% in the past year, pushing its dividend yield past 11%.
Commercial real estate fears rumble over Starwood. STWD is currently trading below book value (0.83x) despite a five-year average P/B of 1.27x according to Morningstar.
Starwood Property Trust specializes in commercial mortgage loans and investments in commercial real estate debt. Their entire portfolio is currently quite risky because of exorbitant real estate prices, but since the debt will mature within a few years, I see this risk as moderate.
The Dividend Harvesting Portfolio is now generating $887.60 in annual dividends, yielding 8.21%. The Dividend Harvesting portfolio has a 68.81% record of finishing the week in the black since its inception, 75/109 weeks.
Starwood Property is a well-diversified commercial mortgage REIT with robust capital deployments. Management has been proactively shifting the commercial loan portfolio towards defensive property types.
Starwood Property stock is on a remarkable rebound from its October lows, as buyers bought its significant dips convincingly. Despite last week's cautious guidance at its earnings conference, buyers remained steadfast in their defense of the pullback, refusing to be deterred.