Brokerage firm Deutsche Bank Maintains its rating on Starwood Property Trust(NYSE:STWD). In a research note issued to the investors, the brokerage major Raises the price-target to $24.00 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Aug 5, 2016.
In a different note, On May 12, 2016, JMP Securities said it Maintains its rating on Starwood Property Trust. In the research note, the firm Raises the price-target to $21.00 per share. The shares have been rated ‘Market Outperform’ by the firm.
Starwood Property Trust (STWD) shares turned negative on Wednesdays trading session with the shares closing down -0.06 points or -0.27% at a volume of 37,84,152. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $22.13. The peak price level was also seen at $22.13 while the days lowest was $21.8717. Finally the shares closed at $21.99. The 52-week high of the shares is $22.74 while the 52-week low is $16.69. According to the latest information available, the market cap of the company is $5,235 M.
Starwood Property Trust(STWD) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $199.99M. Analysts had an estimated revenue of $50.75M. Earnings per share were $0.50.
Several Insider Transactions has been reported to the SEC. On Mar 22, 2016, Andrew Jay Sossen (COO and General Counsel) sold 18,155 shares at $19.06 per share price.Also, On Mar 22, 2016, Rina Paniry (Chief Financial Officer) sold 6,090 shares at $19.03 per share price.On Nov 12, 2015, Jeffrey F. Dimodica (President) purchased 10,000 shares at $20.29 per share price, according to the Form-4 filing with the securities and exchange commission.
Starwood Property Trust Inc. is a holding company that operates as a real estate investment trust (REIT). The Company through its subsidiaries focuses on originating acquiring financing and managing commercial mortgage loans commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments in the United States and Europe. The Company operates through two segments: Lending Segment and Investing and Servicing Segment. The Company’s Lending Segment represents investments in real estate-related loans and securities that are held-for-investment. The Investing and Servicing Segment includes servicing businesses in the United States and Europe an investment business that acquires and manages real estate finance investments and a mortgage loan business. The Company is externally managed and advised by SPT Management LLC an affiliate of Starwood Capital Group.