Starwood Property Trust (STWD) Stock Overview
Operates as a real estate investment trust (REIT) in the United States and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 1/6 |
| Dividends | 3/6 |
Rewards
Risk Analysis
STWD Community Fair Values
Create NarrativeSee what 45 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Starwood Property Trust, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$17.05 |
| 52 Week High | US$21.05 |
| 52 Week Low | US$16.78 |
| Beta | 1.03 |
| 1 Month Change | -3.94% |
| 3 Month Change | -4.70% |
| 1 Year Change | -15.59% |
| 3 Year Change | -10.12% |
| 5 Year Change | -36.31% |
| Change since IPO | -14.75% |
Recent News & Updates
Narrative Update • May 22
STWD: Future Earnings And Buybacks Will Counter Dilution And Credit Concerns
Analysts have trimmed their average price target on Starwood Property Trust by about $0.20, reflecting slightly higher assumed risk, a lower future P/E multiple, and some pressure on profit margins, even as revenue growth assumptions remain supportive. Analyst Commentary Bullish Takeaways Bullish analysts still see upside potential even after trimming price targets, as several ratings remain in positive territory.Seeking Alpha • May 11
Starwood Property Trust Q1: Struggling To Digest
Summary Starwood Property Trust, Inc. remains the premier mortgage REIT, evolving through diversification into owned property and infrastructure lending. STWD's Q1 saw top-line growth over $500M (+20% YoY), but distributable earnings fell short at $0.39/share due to integration and nonrecurring costs. Management maintains the $0.48 quarterly dividend, underpinned by strong liquidity, despite short-term earnings dilution from the Fundamental Net Lease acquisition. I retain a Buy rating on STWD, citing long-term value creation potential, but note ongoing risks from integration, net lease execution, and macro headwinds. Read the full article on Seeking AlphaNarrative Update • May 02
STWD: Future Earnings And Buybacks Will Offset Dilution And Credit Noise
Analysts have nudged their average price target for Starwood Property Trust slightly lower by about $0.50, reflecting recent reductions from $22 to $21, $20.50 to $20 and $20 to $19. These changes factor in dilution from the FIP acquisition, excess liquidity weighing on near term earnings, mixed credit trends and still solid origination activity across the lending platform.Recent updates
Narrative Update • May 22
STWD: Future Earnings And Buybacks Will Counter Dilution And Credit Concerns
Analysts have trimmed their average price target on Starwood Property Trust by about $0.20, reflecting slightly higher assumed risk, a lower future P/E multiple, and some pressure on profit margins, even as revenue growth assumptions remain supportive. Analyst Commentary Bullish Takeaways Bullish analysts still see upside potential even after trimming price targets, as several ratings remain in positive territory.Seeking Alpha • May 11
Starwood Property Trust Q1: Struggling To Digest
Summary Starwood Property Trust, Inc. remains the premier mortgage REIT, evolving through diversification into owned property and infrastructure lending. STWD's Q1 saw top-line growth over $500M (+20% YoY), but distributable earnings fell short at $0.39/share due to integration and nonrecurring costs. Management maintains the $0.48 quarterly dividend, underpinned by strong liquidity, despite short-term earnings dilution from the Fundamental Net Lease acquisition. I retain a Buy rating on STWD, citing long-term value creation potential, but note ongoing risks from integration, net lease execution, and macro headwinds. Read the full article on Seeking AlphaNarrative Update • May 02
STWD: Future Earnings And Buybacks Will Offset Dilution And Credit Noise
Analysts have nudged their average price target for Starwood Property Trust slightly lower by about $0.50, reflecting recent reductions from $22 to $21, $20.50 to $20 and $20 to $19. These changes factor in dilution from the FIP acquisition, excess liquidity weighing on near term earnings, mixed credit trends and still solid origination activity across the lending platform.Narrative Update • Apr 17
STWD: Future Earnings And Buybacks Will Gradually Outweigh Recent Dilution Concerns
Analysts have trimmed the average price target for Starwood Property Trust by about $0.15 to reflect modestly lower fair value assumptions and a slightly reduced future P/E, citing earnings dilution from recent acquisitions, mixed credit trends and the impact of excess liquidity, while still highlighting solid origination activity and what they view as a balanced risk and reward profile. Analyst Commentary Recent Street research points to a cluster of modest price target cuts for Starwood Property Trust, reflecting a mix of earnings dilution, credit noise and timing around excess liquidity deployment, alongside continued confidence in the platform and origination engine.Narrative Update • Apr 02
STWD: Earnings Will Gradually Support Dividend And Share Repurchases Despite Recent Dilution
Analysts have trimmed their average price targets on Starwood Property Trust by about $1 per share to a range of roughly $19 to $21, as they factor in dilution from the FIP acquisition, excess liquidity weighing on near term earnings, and mixed credit trends alongside steady origination activity. Analyst Commentary Recent research updates point to a more cautious but still constructive stance on Starwood Property Trust, with price targets clustered around US$19 to US$21 and a range of views on how quickly earnings can align with the dividend and absorb recent dilution.Narrative Update • Mar 19
STWD: Earnings Alignment With Dividend And Buybacks Will Support Future Upside
The analyst price target for Starwood Property Trust has been trimmed by about $0.15 to roughly $20.70, as analysts factor in dilution from the FIP acquisition, excess liquidity weighing on near term earnings, and mixed credit trends, while still pointing to solid origination volume and what they view as balanced risk and reward. Analyst Commentary Recent research updates point to a clustered set of price targets around the high teens to low $20s, with most firms trimming targets by $0.50 to $1.Narrative Update • Mar 05
STWD: Dividend Coverage And Buyback Authorization Will Support Future Upside
Narrative update Analysts have trimmed their average price target on Starwood Property Trust to about $20.86 from $21.25, reflecting recent target reductions to $20 and $21 as they factor in mixed credit trends, evolving views on future earnings alignment with the dividend, and updated assumptions around growth, margins, discount rate and forward P/E. Analyst Commentary Recent research suggests that analysts are still constructive on Starwood Property Trust overall, even as they trim price targets to reflect updated views on earnings, credit and valuation.Narrative Update • Feb 19
STWD: Stable Assumptions And Lower Discount Rate Will Support Future Upside
Analysts have reaffirmed their $21.25 price target on Starwood Property Trust, citing largely unchanged fair value estimates, discount rate assumptions, revenue growth expectations, profit margin outlook, and forward P/E inputs. Valuation Changes Fair Value: $21.25 remains unchanged, with no adjustment to the estimated intrinsic value per share.Narrative Update • Feb 05
STWD: Higher Discount Rate Assumptions Will Still Support Attractive Future Upside
Analysts have trimmed their price target on Starwood Property Trust by $1 to $21, citing updated assumptions for discount rate, profit margin and future P/E that still support an attractive risk reward profile. Analyst Commentary Bullish Takeaways Bullish analysts still see the shares as attractive at current levels, even after the price target revision to US$21, which suggests they view the risk reward as remaining favorable.Narrative Update • Jan 21
STWD: Income Stability And Higher Discount Rate Assumptions Will Support Future Upside
Analysts have nudged their fair value estimate for Starwood Property Trust slightly lower to $21.25 from $21.50, reflecting a modest trim in price targets such as the recent move to $21, while still viewing the shares as attractive. Analyst Commentary Recent Street research has focused on a small reset in expectations for Starwood Property Trust, with price targets adjusted toward the US$21 level while still framing the shares as appealing at current levels.Narrative Update • Jan 06
STWD: Income Stability And Refined Discount Rate Assumptions Will Support Future Upside
Analysts have trimmed their price target on Starwood Property Trust to US$21 from US$22, citing updated assumptions on discount rates and future P/E, while still viewing the shares as attractive at current levels. Analyst Commentary Recent commentary points to a modest recalibration of expectations rather than a wholesale change in how the stock is viewed.Narrative Update • Dec 16
STWD: Income Stability And Management Discipline Will Drive Future Share Upside
Analysts have reduced their price target on Starwood Property Trust by $1 to $21 per share. This reflects slightly higher discount rates and somewhat more conservative assumptions for revenue growth and profit margins, while the analysts still view the shares as attractive.Analysis Article • Nov 27
New Forecasts: Here's What Analysts Think The Future Holds For Starwood Property Trust, Inc. (NYSE:STWD)
Starwood Property Trust, Inc. ( NYSE:STWD ) shareholders will have a reason to smile today, with the analysts making...Seeking Alpha • Apr 14
Starwood Property: Hefty Yield And 11% Discount Make It A Buy
Summary Starwood Property Trust offers a high 10.8% dividend yield and trades at an 11% discount to its undepreciated book value, presenting a compelling income opportunity. STWD has diversified its portfolio away from cyclical office exposure, focusing on growth sectors like energy and data centers. It maintains a sound balance sheet with a debt-to-equity ratio of 2.1x and $1.8 billion in liquidity, enabling opportunistic investments. Despite broader market volatility, STWD has consistently covered its dividend and proactively repositioned underperforming assets, making it well-positioned for future growth. Read the full article on Seeking AlphaSeeking Alpha • Mar 18
Starwood Property: Dividend Risks In 2025
Summary Starwood Property beat Q4 distributable earnings expectations but maintained a thin dividend coverage ratio of 100% for three consecutive quarters. The REIT's portfolio is highly diversified, with significant investments in commercial real estate loans, infrastructure lending, and multi-family real estate assets. Starwood Property faces potential dividend coverage issues, risking a dividend cut and possible loss of premium valuation. Shares trade at a P/B ratio of 1.05X, slightly above the 3-year average, but weaker dividend coverage poses risks compared to rivals like Ladder Capital. Read the full article on Seeking AlphaSeeking Alpha • Mar 12
Starwood Property: No Margin Of Safety For Dividend (Rating Downgrade)
Summary Starwood Property Trust's dividend is at risk due to a 100% pay-out ratio and declining distributable profits, particularly in commercial and residential lending. The trust's portfolio decreased by $2.0 billion YoY, reflecting a challenging credit environment and high office vacancies. Starwood Property Trust's stock is now rated 'Hold' due to increased dividend risk and no margin of safety in distributable earnings. A potential rebound in distributable profits could improve dividend stability, but current conditions suggest caution. Read the full article on Seeking AlphaSeeking Alpha • Feb 03
Starwood Property Trust: An Undervaluation Opportunity, Hoping For Lower Rates In The Future
Summary I rate Starwood Property Trust a buy due to its high 9.9% dividend yield, positive cashflow, strong profit margin, diversified portfolio, and undervalued share price. Despite lacking proven dividend growth and credit ratings still below investment grade, the REIT has reduced its office property exposure and increased multi-family residential, lowering the risk profile. Interest rate risk remains as Fed rate cuts have paused for now. I recommend adding a small position of this stock to a diversified portfolio for its steady quarterly dividend income and high yield, along with expecting future upside to real estate. Read the full article on Seeking AlphaSeeking Alpha • Dec 31
Starwood Property Remains One Of My Favorite Passive Income Streams Yielding Over 9.5%
Summary I am bullish on Starwood Property Trust due to its consistent dividends and strong financial position, making it a reliable income investment. Despite recent price fluctuations, STWD has maintained a stable quarterly dividend of $0.48, even during economic downturns and high-interest rate periods. STWD's diversified, high-quality asset portfolio and expected rate cuts in 2025 position it well for future growth and increased property values. Investing in STWD offers a nearly 10% yield and a discount to book value, making it an attractive option for long-term income investors. Read the full article on Seeking AlphaSeeking Alpha • Dec 18
Starwood Property Trust: Weaker Dividend Coverage But Solid Financials (Downgrade)
Summary I am downgrading Starwood Property Trust to a hold due to weaker dividend coverage and uncertain macroeconomic conditions. STWD's diverse portfolio and consistent dividend payouts have historically provided stability, but recent earnings declines pose a risk to dividend sustainability. Interest rate cuts in 2024 offer potential growth opportunities, but continued high rates could negatively impact earnings. Despite current challenges, STWD's improved liquidity and solid balance sheet provide a foundation for potential recovery and growth in a favorable rate environment. Read the full article on Seeking AlphaSeeking Alpha • Nov 26
Starwood Property: A 10% Yield You Shouldn't Give Up
Summary Starwood Property Trust offers a covered 10% dividend yield, making it a solid income investment for passive income investors despite a shrinking portfolio. The trust's commercial lending portfolio, valued at $14.6 billion, is its primary income source, contributing significantly to distributable profits. Despite covering its dividend in 3Q24, the 100% payout ratio leaves no margin of safety, raising concerns about future dividend sustainability. Starwood Property Trust trades at a premium to book value, reflecting market confidence in its dividend sustainability compared to competitors. Read the full article on Seeking AlphaSeeking Alpha • Nov 10
Looking For Income? 10%-Yielding Starwood Property Trust Has You Covered
Summary Elevated yields often signal high risk, but Starwood Property Trust offers a strong 10% yield backed by resilient financials and conservative risk management. Despite headwinds in commercial real estate, STWD remains stable, with no dividend cuts in recent years and a strategic shift towards multifamily lending. STWD's valuation is favorable, trading close to its book value, but limited growth potential and rate environment dependence make it a Hold for capital gains seekers. For income-focused investors, STWD can be a valuable, diversified portfolio component, but avoid over-reliance; a balanced approach is essential. Read the full article on Seeking AlphaSeeking Alpha • Oct 17
Starwood Property Trust: The Hybrid Approach Is The Secret Sauce
Summary Rising interest rates have challenged commercial mortgage REITs, exposing weak businesses while highlighting resilient ones like Starwood Property Trust. STWD's diversified business model includes commercial mortgages, infrastructure lending, and real estate services, providing stability amid sector turmoil. Despite sector struggles, STWD has outperformed competitors, maintaining a steady dividend and delivering strong long-term returns. We review the 5&5 approach to SWTD's dividend to create long-term growth while generating repeat cash flow. Read the full article on Seeking AlphaSeeking Alpha • Sep 16
Starwood Property Trust Should Benefit From Rate Cuts And Yields 9.64%
Summary I've been a shareholder in Starwood Property Trust since 2016, enjoying consistent quarterly dividends of $0.48, despite economic challenges. I'm bullish on STWD due to potential rate cuts, which could reduce interest expenses and increase book value, benefiting shareholders. Reinvesting dividends has more than doubled my share count and forward dividend income, demonstrating the power of compounding. A lower-rate environment could enhance STWD's profitability, potentially leading to dividend increases and higher share prices. Read the full article on Seeking Alpha
New Narrative • Aug 28
Decisive Repricing And Diversification Fuels Revenue Surge And Margin Expansion
Diversification of investment strategy across various sectors and proactive risk management measures are set to enhance revenue and stabilize earnings.Seeking Alpha • Aug 27
Starwood Property Trust: Decent Value Proposition
Summary Starwood Property Trust's pay-out metrics weakened in 2Q24, but still covered $0.48 per share dividend with distributable earnings. The central bank may lower interest rates, easing pressure on the U.S. office sector in the second half of the year. The trust's diversified portfolio and 9% yield make it a strong value proposition for passive income investors. Read the full article on Seeking AlphaSeeking Alpha • Aug 12
Starwood Property: Risky Dividend Setup (Rating Downgrade)
Summary Starwood Property delivered a decent earnings report for Q2, but distribution coverage deteriorated, which led to a downgrade. The previous strong buy rating was based on robust dividend coverage. In Q2'24, the REIT paid out 100% of its distributable earnings. Risks with STWD have increased, especially with respect to the dividend. Shares are fairly valued, in my opinion, at 1.00x book value given the deterioration in distribution coverage in Q2. Read the full article on Seeking AlphaSeeking Alpha • Jul 07
10%-Yielding Starwood Property Trust: The Gold Standard In CRE Investing
Summary Commercial real estate facing challenges from high interest rates and declining property values. Starwood Property Trust, led by Barry Sternlicht, remains stable with a diversified portfolio, strong liquidity, and elevated dividend yield. Despite industry risks, STWD's strategic outlook offers potential upside, making it a top choice for income-seeking investors within the sector. Read the full article on Seeking AlphaSeeking Alpha • May 29
Starwood Property: Don't Miss This Drop And Lock In A 10% Yield
Summary Starwood Property Trust is a strong choice for dividend investors in the commercial real estate market. The REIT has a well-performing loan portfolio and high dividend yield. However, STWD took a valuation hit last week as another Starwood (non-traded) REIT announced redemption limitations. STWD has access to liquidity and could be a net buyer of commercial mortgage assets in the future. Shares are trading at a 5% discount to book value again and have significant revaluation potential. Read the full article on Seeking AlphaSeeking Alpha • May 13
Starwood Property: I Have Doubled My Shares Through Dividend Income In 7.5 Years
Summary Despite a decrease in share price, the number of shares and dividend income from Starwood Property Trust have doubled, resulting in a 78.13% total return on the initial investment. STWD has been able to consistently deliver a $1.92 annualized dividend per share, making it a reliable investment even in challenging economic conditions. Reinvesting dividends has significantly impacted the original investment, with the share count and annualized dividend income increasing by 99.62%. Read the full article on Seeking AlphaSeeking Alpha • Apr 23
Starwood Property Trust: Why This mREIT Keeps Beating The Competition
Summary Mortgage REITs continue to be negatively impacted by a difficult commercial real estate market. Starwood Property Trust is a diversified mREIT that has outperformed the sector at large with a multi-cylinder business model. STWD's added layers of diversification, including owned property and real estate services, provide additional cash flow and support during periods of stress, including the past two years. We explore STWD and dive into their winning business model. Read the full article on Seeking AlphaSeeking Alpha • Apr 04
Starwood Property Trust: With A 10% Dividend Yield, A Rock In A Rough Sea
Summary I am closely monitoring Starwood Property Trust due to its role as a major commercial real estate mortgage company and a source of income for investors. Mounting headwinds, including higher interest rates and inflation, are causing concerns for the commercial real estate industry. STWD has a strong balance sheet and prudent financial management, which provides stability and income potential for investors. Read the full article on Seeking AlphaSeeking Alpha • Mar 03
Starwood Property Trust: Collect A 9.4% Yield On Autopilot
Summary Starwood Property reported better-than-expected Q4 earnings last week, supporting a buy recommendation. The REIT's C&R lending segment is performing well and continues to contribute the majority of distributable earnings. Starwood Property generated 1.21x dividend coverage in Q4 and 1.07x in FY 2023. Shares may be fairly valued here as they trade around GAAP book value. The dividend, however, is worth buying. Read the full article on Seeking AlphaSeeking Alpha • Feb 24
Starwood Property Continues Churning Out Reliable Dividends Yielding 9.87%
Summary Starwood Property Trust delivered strong earnings, leading to a 16.40% gain in its stock price. While tech earnings and artificial intelligence are in the spotlight, income investing with assets like STWD can provide stable dividends. STWD's solid Q4 performance, well-diversified portfolio, and potential for a changing rate environment make it an attractive investment for income and capital appreciation. Read the full article on Seeking AlphaSeeking Alpha • Dec 20
Starwood Property: At A 1-Year High Surging From Peak Pessimism
Summary Starwood Property Trust investors have experienced a significant recovery, stunning the bears as STWD outperformed the S&P 500 since bottoming. The company has a relatively low exposure to office loans and has taken a conservative approach to assessing the risks. With STWD at a 1-year-high, I assessed that the worst of STWD's malaise is likely over, with a medium-term uptrend recovery in progress. However, STWD's implied undervaluation has normalized, suggesting investors who waited missed buying at levels that offer the most attractive risk/reward upside. I explain the key levels to watch to add at its subsequent pullback for investors looking for a more attractive entry point. Read the full article on Seeking AlphaShareholder Returns
| STWD | US Mortgage REITs | US Market | |
|---|---|---|---|
| 7D | -0.2% | -1.8% | -2.9% |
| 1Y | -15.6% | -1.8% | 23.5% |
Return vs Industry: STWD underperformed the US Mortgage REITs industry which returned -0% over the past year.
Return vs Market: STWD underperformed the US Market which returned 26.3% over the past year.
Price Volatility
| STWD volatility | |
|---|---|
| STWD Average Weekly Movement | 2.6% |
| Mortgage REITs Industry Average Movement | 3.8% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: STWD has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: STWD's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2009 | 324 | Barry Sternlicht | www.starwoodpropertytrust.com |
Starwood Property Trust, Inc. operates as a real estate investment trust (REIT) in the United States and internationally. It operates through four segments: Commercial and Residential Lending; Infrastructure Lending; Property; and Investing and Servicing. 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, including distressed or non-performing loans.
Starwood Property Trust, Inc. Fundamentals Summary
| STWD fundamental statistics | |
|---|---|
| Market cap | US$6.32b |
| Earnings (TTM) | US$341.67m |
| Revenue (TTM) | US$580.84m |
18.5x
P/E Ratio10.9x
P/S RatioIs STWD overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| STWD income statement (TTM) | |
|---|---|
| Revenue | US$580.84m |
| Cost of Revenue | US$69.12m |
| Gross Profit | US$511.72m |
| Other Expenses | US$170.05m |
| Earnings | US$341.67m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.92 |
| Gross Margin | 88.10% |
| Net Profit Margin | 58.82% |
| Debt/Equity Ratio | 316.0% |
How did STWD perform over the long term?
See historical performance and comparisonDividends
11.3%
Current Dividend Yield201%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/07 01:35 |
| End of Day Share Price | 2026/06/05 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Starwood Property Trust, Inc. is covered by 18 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Derek Hewett | BofA Global Research |
| Timothy Hayes | B. Riley Securities, Inc. |
| William Catherwood | BTIG |