Starwood Property Trust, Inc. (STWD) Stock Price & Analysis
Starwood Property Trust, Inc. (STWD) closed at USD 12.58 on Thursday, October 22, 2026, up 3.71% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 12.13; the Oct 22, 2026 session ranged USD 12.1–12.7 on volume of 8,880,194 shares. Market capitalization is $4.78B, with a 52-week range of USD 11.84–18.8 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 11:18 UTC.
Also available as compact Markdown for AI agents: nexqual.com/STWD.md
Key facts (STWD)
- Last four reported quarters (through Jun 30, 2026): revenue $2.01B, net income $228M (11.4% margin) (SEC filings).
- Valuation: P/E 21.0x (avg 17.1x at the last 3 fiscal year-ends).
- Analysts: Buy (mean 1.78 on a 1–5 scale) (9 analysts), mean target USD 19.25 (range 16–24).
- Total return with dividends: 1Y -23.8% vs S&P 500 +14.9%; 5Y -19.7% vs S&P 500 +80.3%.
- Next earnings: 2026-11-06, EPS estimate USD 0.31, revenue estimate $530M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (STWD)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.17B | $1.46B | $2.05B | $1.95B | $1.84B | $2.01B |
| Net income | $448M | $871M | $339M | $360M | $412M | $228M |
| EPS (diluted) | $1.52 | $2.74 | $1.07 | $1.10 | $1.15 | — |
| Free cash flow | — | — | $529M | $647M | $99.4M | — |
| Net margin | 38.3% | 59.5% | 16.5% | 18.5% | 22.3% | 11.4% |
| Revenue growth | +3.0% | +25.2% | +40.0% | -5.0% | -5.3% | — |
| Cash + short-term investments | $217M | $261M | $195M | $378M | $499M | — |
| Total debt | $1.83B | — | — | — | — | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (STWD)
P/E 21.0x · P/S 2.4x · P/B 0.7x · Earnings yield 4.77% · Dividend yield (paid, TTM) 14.65%
P/E at fiscal year-ends: Dec 2025 15.3x, Dec 2024 16.9x, Dec 2023 19.2x.
Analysts (STWD)
Consensus Buy (mean 1.78 on a 1–5 scale), 9 analysts; mean target USD 19.25 (low 16, high 24).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-09 | Keefe, Bruyette & Woods | Target lowered | Outperform | $18.5 → $16 |
| 2026-08-18 | JP Morgan | Target lowered | Overweight | $19 → $18.5 |
| 2026-08-07 | Keefe, Bruyette & Woods | Target lowered | Outperform | $19 → $18.5 |
Total return (dividends reinvested) (STWD)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -23.8% | -19.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -23.9% | -4.3% |
| Volatility (annualized) | 18.5% | 23.8% |
| Max drawdown | -30.6% (Apr 2026→Oct 2026) | -31.3% (Jul 2025→Oct 2026) |
STWD revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Commercial and Residential Lending | $364.2M | 70.9% | +5.9% |
| Infrastructure Lending | $68.9M | 13.4% | +2.6% |
| Property | $64.2M | 12.5% | +289.6% |
| Investing and Servicing | $52.7M | 10.3% | -2.1% |
| Total revenue | $513.7M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
STWD suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Starwood Capital Group Management | “The terms of our management agreement with our Manager and the investment advisory agreement between our Manager and Starwood Capital Group Management, LLC are automatically renewed on an annual basis; provided, however, that our Manager may terminate the management agreement annually upon 180 days prior notice.” |
Quoted from the company's 10-K filed Feb 25, 2026.
STWD analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.31 | $0.43 | -27.5% | $530.4M | 8 |
| Next quarter (ends Dec 2026) | $0.43 | $0.45 | -5.8% | $549.9M | 8 |
| Current fiscal year (ends Dec 2026) | $1.52 | $1.70 | -10.5% | $2.12B | 8 |
| Next fiscal year (ends Dec 2027) | $1.89 | $1.91 | -1.2% | $2.34B | 8 |
STWD options: expected move
Options price a move of about ±6.7% (±$0.85) by Nov 20, 2026, which includes earnings on Nov 6, 2026. Over the last 8 reports the stock moved ±2.9% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 30.4% | ±6.7% |
| Dec 18, 2026 | 56 | 27.0% | ±8.9% |
| Jan 15, 2027 | 84 | 25.8% | ±11.9% |
| Mar 19, 2027 | 147 | 26.2% | ±14.3% |
| May 21, 2027 | 210 | 25.1% | ±17.1% |
| Jun 17, 2027 | 237 | 23.6% | ±16.9% |
| Aug 20, 2027 | 301 | 25.4% | ±18.7% |
| Nov 19, 2027 | 392 | 25.6% | ±21.2% |
30-day implied volatility 26% vs 28.8% realized over the last 30 trading days. Put/call ratio (volume) 0.39. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 11:18 UTC)
| Price | USD 12.58 |
|---|---|
| Change | ▲ 3.71% (up) |
| Previous Close | USD 12.13 |
| Open | USD 12.13 |
| Day Range | USD 12.1 – 12.7 |
| 52-Week Range | USD 11.84 – 18.8 |
| Volume | 8,880,194 shares |
| Market Cap | $4.78B |
| Exchange | NYQ |
Technical Analysis (STWD)
Nexqual's technical model rates STWD "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 11:18 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 33.03 (neutral) |
| vs SMA50 | Below (USD 14.59) |
| MACD | -0.69 (negative) |
Analyst Ratings (STWD)
Wall Street analysts rate STWD "Buy" based on 9 analysts, with a mean price target of USD 19.25 (range USD 16–24), per Nexqual as of October 23, 2026 at 11:18 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 9 |
| Mean Target | USD 19.25 |
| High Target | USD 24 |
| Low Target | USD 16 |
| Buy / Hold / Sell | 7 / 2 / 0 |
Earnings (STWD)
| Next Earnings Date | 2026-11-06 |
|---|---|
| EPS Estimate | USD 0.31 |
| Revenue Estimate | $530.38M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.4 vs est 0.4 ▼ miss |
| 2026-03-31 | USD 0.39 vs est 0.42 ▼ miss |
| 2025-12-31 | USD 0.42 vs est 0.41 ▲ beat |
| 2025-09-30 | USD 0.4 vs est 0.44 ▼ miss |
Source: Nexqual, October 23, 2026 at 11:18 UTC.
Financials & Fundamentals (STWD)
| Total Revenue | $597.28M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +13.40% |
| Gross Margin | +86.45% |
| Operating Margin | -5.87% |
| Profit Margin | +38.16% |
| ROE | +3.69% |
| Debt / Equity | 3.31 |
| Current Ratio | 12.87 |
| Total Cash | $392.00M |
| Total Debt | $23.79B |
| Free Cash Flow (fiscal year ended Dec 2025, SEC 10-K) | $99.36M (5.4% of revenue) |
Source: Nexqual, October 23, 2026 at 11:18 UTC.
Financial Health Score (STWD)
Nexqual rates Starwood Property Trust, Inc.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 11:18 UTC.
| Growth | Weak — Revenue -5% YoY (annual), declining |
|---|---|
| Profitability | Solid — Gross margin 86%, operating -6% (last 12 months) |
| Balance Sheet | Weak — $392M cash vs $23.8B debt |
| Cash Flow | Solid — FCF $99M (FY ended Dec 2025, 10-K), 5% margin |
| Efficiency | Weak — ROE 4%, ROA 0.4% |
Ownership (STWD)
| Insider Ownership | +5.85% |
|---|---|
| Institutional Ownership | +53.30% |
| Shares Outstanding | 370.17M |
| Float | 350.08M |
| Short % of Float | +6.70% |
Source: Nexqual, October 23, 2026 at 11:18 UTC.
Leadership (STWD)
Starwood Property Trust, Inc. is led by Barry Stuart Sternlicht, CEO & Non-Independent Executive Chairman of the Board, per Nexqual as of October 23, 2026 at 11:18 UTC.
| CEO & Non-Independent Executive Chairman of the Board | Barry Stuart Sternlicht |
|---|---|
| President & Director | Jeffrey F. DiModica C.F.A. |
| CFO, Treasurer, Principal Financial Officer & Chief Accounting Officer | Rina Paniry |
| President of Real Estate Investing & Servicing | Adam Behlman |
| Managing Director | Cary Carpenter |
Major Backers & Investors (STWD)
Notable institutional backers of Starwood Property Trust, Inc. include Morgan Stanley, Ameriprise Financial, Inc., Advisors Capital Management, LLC, according to Nexqual as of October 23, 2026 at 11:18 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Morgan Stanley | 2.37% |
| Ameriprise Financial, Inc. | 1.34% |
| Advisors Capital Management, LLC | 1.16% |
| HighTower Advisors, LLC | 0.82% |
| VanEck ETF Trust-VanEck Mortgage REIT Income ETF | 0.4% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 9.72% |
| Vanguard Group | 8.32% |
| State Street | 3.22% |
| Geode Capital | 1.81% |
| Northern Trust | 1.22% |
Source: Nexqual, October 23, 2026 at 11:18 UTC.
From Starwood Property Trust, Inc.'s Latest SEC 10-K Filing (filed 2026-02-25)
Key Strengths & Strategy (as disclosed to the SEC)
- The following table sets forth the amount of each category of investments we owned within our Infrastructure Lending Segment as of December 31, 2025 and 2024 (dollars in thousands): (1)Calculated using applicable index rates for variable rate investments as of the respective period end and excludes loans for which interest income is not recognized.
- As of December 31, 2025 and 2024, our Infrastructure Lending Segment's investment portfolio had the following characteristics based on carrying values: As of December 31, 2025, the Infrastructure Lending Segment's first priority infrastructure loans and HTM securities had a weighted‑average contractual maturity of 5.1 years.
Legal & Regulatory Risks (Item 1A, quoted)
- We may acquire and sell from time to time residential loans, including "non-QM" loans, which may subject us to legal, regulatory and other risks, which could adversely impact our business and financial results.
- Government housing regulations may limit the opportunities at the affordable housing communities in which we invest, and failure to comply with resident qualification requirements may result in financial penalties or loss of benefits.
- The power and oil and gas industries are subject to extensive regulation, which could adversely impact the business and financial performance of the projects to which our infrastructure loans relate.
- The business activities in our Investing and Servicing Segment are subject to an evolving regulatory environment that may affect certain aspects of these activities.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| RITM | Rithm Capital Corp. | USD 8.68 | ▲ 1.52% |
| DX | Dynex Capital, Inc. | USD 11.05 | ▼ 0% |
| AGNC | AGNC Investment Corp. | USD 8.89 | ▲ 1.25% |
| ARR | ARMOUR Residential REIT, Inc. | USD 12.69 | ▼ 0.94% |
| BXMT | Blackstone Mortgage Trust, Inc. | USD 10.58 | ▲ 3.73% |
| NLY | Annaly Capital Management Inc. | USD 18.34 | ▲ 1.83% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 11:18 UTC. This page is informational and not investment advice.
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