Starwood Property Trust (STWD) Releases Earnings Results, Reports EPS of $0.50 EPS

Starwood Property Trust (STWD) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.50 EPS for the quarter. Analysts had a consensus estimate of $0.50. The company posted revenue of $200.00 million in the period, 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.

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 .

Starwood Property Trust closed down -0.38 points or -1.73% at $21.61 with 30,13,757 shares getting traded on Tusday. Post opening the session at $21.96, the shares hit an intraday low of $21.57 and an intraday high of $21.99 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

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.

Starwood Property Trust

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