Starwood Property Trust Inc. (STWD) Issues FY14 Earnings Guidance
Starwood Property Trust Inc. (NASDAQ:STWD) issued an update on its FY14 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.00-2.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.32, ARN reports.
STWD has been the subject of a number of recent research reports. Analysts at Evercore Partners initiated coverage on shares of Starwood Property Trust in a research note on Friday, February 7th. They set an overweight rating on the stock. On a related note, analysts at Deutsche Bank initiated coverage on shares of Starwood Property Trust in a research note on Tuesday, February 4th. They set a buy rating and a $25.50 price target on the stock. Finally, analysts at Compass Point initiated coverage on shares of Starwood Property Trust in a research note on Wednesday, January 22nd. They set a buy rating and a $34.50 price target on the stock. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $30.75.
Shares of Starwood Property Trust Inc. (NASDAQ:STWD) opened at 23.89 on Wednesday. Starwood Property Trust Inc. has a 1-year low of $18.3438 and a 1-year high of $24.7299. The stock’s 50-day moving average is $23.83 and its 200-day moving average is $21.52. The company has a market cap of $4.665 billion and a price-to-earnings ratio of 13.50.
Starwood Property Trust, Inc, is a holding company and conducts its business through its subsidiaries.
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