Starwood Property Trust (STWD) was Downgraded by Compass Point to ” Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 23 from a previous price target of $22 . Earlier the firm had a rating of “Buy ” on the company shares. Compass Point advised their investors in a research report released on Aug 15, 2016.
Many Wall Street Analysts have commented on Starwood Property Trust. Company shares were Reiterated by FBR Capital on Jun 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 24 from a previous price target of $22 .
On the company’s financial health, Starwood Property Trust reported $0.50 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $0.50. The company had revenue of $200.00 million for the quarter, compared to analysts expectations of $211.44 million. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.
Starwood Property Trust opened for trading at $22.44 and hit $22.6 on the upside on Friday, eventually ending the session at $22.54, with a gain of 0.54% or 0.12 points. The heightened volatility saw the trading volume jump to 16,16,215 shares. Company has a market cap of $5,366 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.