Starwood Property Trust, Inc. Buyback
OLI recorded this information on 3/11/2020
Company:
Starwood Property Trust, Inc.
Buyback:
STWD buyback
$Amount Authorized:
$400,000,000
Buyback Details:
Starwood Property Trust, Inc. (NYSE: STWD) today announced that its Board of Directors has authorized the repurchase of up to $400 million of its outstanding common shares and convertible notes over a period of one year. The share repurchase program will be funded through the Company's existing cash.
Starwood Property Trust is a holding company and conducts its business through its various wholly-owned subsidiaries. Co.'s segments are: real estate commercial and residential lending, which engages in originating, acquiring, financing and managing commercial mortgages, non-agency residential mortgages, subordinated mortgages and among others; infrastructure lending, which engages in originating, acquiring, financing and managing infrastructure debt investments; real estate property, which engages in acquiring and managing equity interests in commercial real estate properties; and real estate investing and servicing, which includes a servicing business and an investment business.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 73rd percentile
(ranked higher than approx. 73% of all stocks covered)
Analysts' Target Price: STWD Stock Forecast Based on Zacks ABR data; powered by Xignite |
