Keefe Bruyette & Woods Maintains Starwood Property Trust to Outperform with Price Target $24.00

Brokerage firm Keefe Bruyette & Woods 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 Outperform. The rating by Keefe Bruyette & Woods was issued on Aug 5, 2016.

In a different note, On Aug 5, 2016, Deutsche Bank said it Maintains its rating on Starwood Property Trust. In the research note, the firm Raises the price-target to $21.50 per share. The shares have been rated ‘Buy’ by the firm. 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.

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