In a recent transaction, Sean Harris, the Chief Executive Officer, President, and Director of Starwood Real Estate Income Trust, Inc., sold a significant number of shares in the company. The transaction involved the sale of 18,014 Class I Common Shares at a price of $23.08 per share, totaling approximately $415,763.
This sale was conducted on April 1, 2024, and was reported in a regulatory filing with the Securities and Exchange Commission. Following the sale, Harris retains ownership of 74,854 shares in the company. The filing noted that the shares were sold to cover taxes associated with the vesting of Restricted Stock Units (RSUs) on March 15, 2024.
Starwood Real Estate Income Trust, Inc., with its central index key 0001711929, is a real estate investment trust (REIT) incorporated in Maryland and is part of the real estate and construction sector. The company does not have an associated trading symbol as it is a non-exchange traded REIT.
Investors often monitor the buying and selling activities of company insiders such as executives and directors for insights into the company's performance and value. The sale by Harris represents a notable transaction by a key executive of Starwood Real Estate Income Trust, providing market participants with information about insider confidence and financial moves within the company.
The transaction was signed off by Matthew Guttin, Attorney-in-Fact, on April 3, 2024. The details of the sale are publicly accessible through the SEC filing, allowing investors to stay informed about the financial dealings of the company's executives.
InvestingPro Insights
As investors digest the news of Sean Harris's recent share sale in Starwood Real Estate Income Trust, Inc., it is essential to consider the company's financial health and market performance. With a market capitalization of $115.65 million, the company exhibits a moderate size within the real estate investment trust sector. Despite this, Starwood's P/E ratio has shown volatility, with an adjusted P/E ratio for the last twelve months as of Q2 2023 standing at -14.86, indicating that the company has not been profitable over this period.
An InvestingPro Tip that stands out for Starwood is the company's high Price / Book multiple of 26.14, which suggests that the stock is trading at a premium compared to the company's book value. This could be a point of concern for value-oriented investors. Additionally, the company's revenue growth has been impressive at 65.16% for the last twelve months as of Q2 2023, although there has been a stark quarterly revenue decline of -86.25% in Q2 2023. This fluctuation in revenue could be a signal to investors about the potential volatility in the company's earnings.
Regarding stock performance, Starwood has experienced a significant drop over the last month, with a price total return of -25.45%. However, it's noteworthy that the company has had a strong return over the last three months, with a total return of 21.45%. This mixed short-term performance could be indicative of the market's changing sentiment towards the company's outlook.
For investors seeking more in-depth analysis, there are additional InvestingPro Tips available that could provide further insights into Starwood Real Estate Income Trust, Inc. Using the coupon code PRONEWS24, investors can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, granting access to valuable investment tools and data.
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