Starwood Property Trust Inc. Hits New 52-Week High at $29.16 (STWD)
Shares of Starwood Property Trust (NASDAQ:STWD) hit a new 52-week high on Friday, American Banking News.com reports. The company traded as high as $29.16 and last traded at $29.07, with a volume of 1,144,120 shares trading hands. The stock had previously closed at $28.69.
Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Starwood Property Trust from $30.00 to $33.00 in a research note to investors on Tuesday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Starwood Property Trust presently has a consensus rating of “Buy” and an average price target of $30.58.
Starwood Property Trust (NASDAQ:STWD) last announced its earnings results on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.07. The company had revenue of $192.20 million for the quarter, compared to the consensus estimate of $91.00 million. During the same quarter last year, the company posted $0.50 earnings per share.
Starwood Property Trust, Inc, is a holding company and conducts its business through its subsidiaries.
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