Starwood Property Trust (STWD) reported quarterly earnings results on Monday, May-9-2016. The company reported $0.50 EPS for the quarter. Analysts had a consensus estimate of $0.50. The company posted revenue of $195.50 million in the period, compared to analysts expectations of $198.64 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.
Many Wall Street Analysts have commented on Starwood Property Trust. Shares were Reiterated by Compass Point on Apr 7, 2016 to “Buy” and Lowered the Price Target to $ 22 from a previous price target of $23 .Shares were Reiterated by FBR Capital on Feb 26, 2016 to “Outperform” and Lowered the Price Target to $ 22 from a previous price target of $25 .
Starwood Property Trust opened for trading at $19.5 and hit $19.69 on the upside on Friday, eventually ending the session at $19.67, with a gain of 0.67% or 0.13 points. The heightened volatility saw the trading volume jump to 20,43,502 shares. Company has a market cap of $4,662 M.
In a different news, on Mar 22, 2016, Andrew Jay Sossen (COO and General Counsel) sold 18,155 shares at $19.06 per share price. According to the SEC, 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.