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Hot Stocks
Starwood and Morningstar announce joint venture » 08:34
01/04/22
01/04
08:34
01/04/22
08:34
STWD

Starwood Property

$24.74 /

+0.445 (+1.83%)

Starwood Real Estate…

Starwood Real Estate Income Trust, a non-listed REIT managed by a subsidiary of Starwood Capital Group, and Morningstar Properties, a leading owner and operator of self-storage facilities under the Morningstar Storage brand, announced the formation of a joint venture to own and operate high-quality stabilized assets in the self-storage sector. The joint venture includes the recapitalization of 25 assets owned by Morningstar owned and managed funds, as well as a commitment of capital to continue acquiring assets in the sector under the Morningstar brand. The seed portfolio for the newly formed venture includes 1.8 million square feet of storage space located throughout the Sun Belt region, which is experiencing significant population, employment and income growth. The joint venture will seek to capitalize on favorable sector and regional trends through acquisition of high-quality portfolios and one-off assets. Morningstar was advised by Eastdil Secured on the recapitalization of the seed portfolio and formation of this venture.

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STWD Starwood Property
$24.74 /

+0.445 (+1.83%)

STWD Starwood Property
$24.74 /

+0.445 (+1.83%)

12/08/21 BTIG
Starwood Property capital raise accretive to book value, says BTIG
11/29/21 Keefe Bruyette
Keefe Bruyette upgrades Blackstone Mortgage on 'unwarranted' underperformance
08/04/21 JMP Securities
Starwood Property price target raised to $28 from $17 at JMP Securities
05/10/21 JPMorgan
Starwood Property price target raised to $26 from $25 at JPMorgan
STWD Starwood Property
$24.74 /

+0.445 (+1.83%)

  • 08
    Dec
Over a month ago
Recommendations
Starwood Property capital raise accretive to book value, says BTIG » 12:09
12/08/21
12/08
12:09
12/08/21
12:09
STWD

Starwood Property

$24.89 /

-0.82 (-3.19%)

BTIG analyst Timothy…

BTIG analyst Timothy Hayes reiterates a Buy rating on Starwood Property Trust with a $29 price target following the company's 16M share secondary offering. The offering will Starwood's bolster liquidity, reduce its leverage, and facilitate portfolio growth, Hayes tells investors in a research note. The analyst expects the transaction will be 20c per share, or 1% accretive to book value. He views Starwood Property as attractively valued.

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STWD Starwood Property
$24.89 /

-0.82 (-3.19%)

STWD Starwood Property
$24.89 /

-0.82 (-3.19%)

11/29/21 Keefe Bruyette
Keefe Bruyette upgrades Blackstone Mortgage on 'unwarranted' underperformance
08/04/21 JMP Securities
Starwood Property price target raised to $28 from $17 at JMP Securities
05/10/21 JPMorgan
Starwood Property price target raised to $26 from $25 at JPMorgan
04/26/21 JPMorgan
Starwood Property price target raised to $25 from $22 at JPMorgan
STWD Starwood Property
$24.89 /

-0.82 (-3.19%)

  • 08
    Dec
Syndicate
Starwood Property 16M share Spot Secondary priced at $24.82 » 06:07
12/08/21
12/08
06:07
12/08/21
06:07
STWD

Starwood Property

$25.71 /

+0.28 (+1.10%)

The deal range was…

The deal range was $24.82-$25.08. Citi, BofA, Morgan Stanley and Wells Fargo acted as joint book running managers for the offering.

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STWD Starwood Property
$25.71 /

+0.28 (+1.10%)

STWD Starwood Property
$25.71 /

+0.28 (+1.10%)

11/29/21 Keefe Bruyette
Keefe Bruyette upgrades Blackstone Mortgage on 'unwarranted' underperformance
08/04/21 JMP Securities
Starwood Property price target raised to $28 from $17 at JMP Securities
05/10/21 JPMorgan
Starwood Property price target raised to $26 from $25 at JPMorgan
04/26/21 JPMorgan
Starwood Property price target raised to $25 from $22 at JPMorgan
STWD Starwood Property
$25.71 /

+0.28 (+1.10%)

  • 08
    Dec
Syndicate
Starwood Property announces offering of 16M shares of common stock » 16:14
12/07/21
12/07
16:14
12/07/21
16:14
STWD

Starwood Property

$25.69 /

+0.26 (+1.02%)

Starwood Property Trust…

Starwood Property Trust announced that, subject to market and other conditions, it is offering 16M shares of its common stock in an underwritten public offering. The company intends to use the net proceeds received from the offering to originate and purchase additional commercial mortgage loans and other target assets and investments. The company may also use a portion of the net proceeds for other general corporate purposes, including, but not limited to, the payment of liabilities and other working capital needs. Citigroup, BofA Securities, Morgan Stanley and Wells Fargo Securities will serve as joint book-running managers and BTIG and Keefe, Bruyette & Woods, A Stifel Company will serve as co-managers for the offering.

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STWD Starwood Property
$25.69 /

+0.26 (+1.02%)

STWD Starwood Property
$25.69 /

+0.26 (+1.02%)

11/29/21 Keefe Bruyette
Keefe Bruyette upgrades Blackstone Mortgage on 'unwarranted' underperformance
08/04/21 JMP Securities
Starwood Property price target raised to $28 from $17 at JMP Securities
05/10/21 JPMorgan
Starwood Property price target raised to $26 from $25 at JPMorgan
04/26/21 JPMorgan
Starwood Property price target raised to $25 from $22 at JPMorgan
STWD Starwood Property
$25.69 /

+0.26 (+1.02%)

Upgrade
Keefe Bruyette upgrades Blackstone Mortgage on 'unwarranted' underperformance » 13:29
11/29/21
11/29
13:29
11/29/21
13:29
BXMT

Blackstone Mortgage

$30.77 /

-0.14 (-0.45%)

, STWD

Starwood Property

$25.77 /

+0.1 (+0.39%)

Keefe Bruyette analyst…

Keefe Bruyette analyst Jade Rahmani upgraded Blackstone Mortgage Trust (BXMT) to Outperform from Market Perform with an unchanged price target of $34. After underperforming peers by 3% over the past month and 13% year-to-date, the shares are attractively valued, Rahmani tells investors in a research note. Blackstone Mortgage historically traded at a 50 basis point yield premium to Starwood Property (STWD) versus the current 62 basis point discount, says the analyst. Rahmani attributes the discount to Blackstone Mortgage's recent equity issuance and 21% New York exposure but believes the discount will decline over time given the "resiliency" of its loans. He says the recent share underperformance is "unwarranted."

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STWD Starwood Property
$25.77 /

+0.1 (+0.39%)

BXMT Blackstone Mortgage
$30.77 /

-0.14 (-0.45%)

BXMT Blackstone Mortgage
$30.77 /

-0.14 (-0.45%)

11/29/21 Keefe Bruyette
Blackstone Mortgage upgraded to Outperform from Market Perform at Keefe Bruyette
04/29/21 Wells Fargo
Blackstone Mortgage price target raised to $36 from $30 at Wells Fargo
04/26/21 JPMorgan
Blackstone Mortgage downgraded to Neutral from Overweight at JPMorgan
04/26/21 JPMorgan
Blackstone Mortgage downgraded to Neutral from Overweight at JPMorgan
STWD Starwood Property
$25.77 /

+0.1 (+0.39%)

08/04/21 JMP Securities
Starwood Property price target raised to $28 from $17 at JMP Securities
05/10/21 JPMorgan
Starwood Property price target raised to $26 from $25 at JPMorgan
04/26/21 JPMorgan
Starwood Property price target raised to $25 from $22 at JPMorgan
02/26/21 JPMorgan
Starwood Property price target raised to $22 from $21 at JPMorgan
STWD Starwood Property
$25.77 /

+0.1 (+0.39%)

BXMT Blackstone Mortgage
$30.77 /

-0.14 (-0.45%)

  • 19
    Nov
  • 10
    Sep
Earnings
Starwood Property reports Q3 adjusted EPS 52c, consensus 52c » 07:12
11/09/21
11/09
07:12
11/09/21
07:12
STWD

Starwood Property

$25.94 /

-0.1 (-0.38%)

Reports Q3 revenue…

Reports Q3 revenue $302.29M, consensus $300M.

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STWD Starwood Property
$25.94 /

-0.1 (-0.38%)

STWD Starwood Property
$25.94 /

-0.1 (-0.38%)

08/04/21 JMP Securities
Starwood Property price target raised to $28 from $17 at JMP Securities
05/10/21 JPMorgan
Starwood Property price target raised to $26 from $25 at JPMorgan
04/26/21 JPMorgan
Starwood Property price target raised to $25 from $22 at JPMorgan
02/26/21 JPMorgan
Starwood Property price target raised to $22 from $21 at JPMorgan
STWD Starwood Property
$25.94 /

-0.1 (-0.38%)

Over a quarter ago
Hot Stocks
Glass Lewis urges Monmouth shareholders to reject deal with Equity Commonwealth » 16:47
08/25/21
08/25
16:47
08/25/21
16:47
MNR

Monmouth Real Estate

$18.89 /

-0.145 (-0.76%)

, STWD

Starwood Property

$25.85 /

+0.13 (+0.51%)

, EQC

Equity Commonwealth

$25.92 /

+0.01 (+0.04%)

A report issued by…

A report issued by independent proxy advisory firm Glass Lewis recommended that Monmouth Real Estate (MNR) shareholders vote "against" Monmouth's proposed transaction with Equity Commonwealth (EQC). Glass Lewis joins ISS, which recommended "against" the transaction on August 6 and reconfirmed this recommendation on August 19. The transaction is scheduled to be voted on at a special meeting of Monmouth shareholders on August 31. Glass Lewis notes that: "We believe MNR shareholders would be better served by rejecting the proposed [EQC] transaction and for MNR to pursue Starwood's (STWD) competing offer, which Starwood states is fully and immediately actionable."... "we question whether the potential upside of the combined company is sufficiently attractive at this time, particularly in light of a higher all-cash offer on the table." "Likewise, we are concerned that the board rejected Starwood's revised offer dated August 18, despite that offer representing greater value than the implied value of the revised agreement with EQC."

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MNR Monmouth Real Estate
$18.89 /

-0.145 (-0.76%)

EQC Equity Commonwealth
$25.92 /

+0.01 (+0.04%)

MNR Monmouth Real Estate
$18.89 /

-0.145 (-0.76%)

07/22/21
Fly Intel: Top five analyst upgrades
07/22/21 Compass Point
Monmouth Real Estate upgraded to Buy from Neutral at Compass Point
07/13/21 BMO Capital
Monmouth Real Estate takeover battle 'surprisingly heated,' says BMO Capital
06/04/21 Janney Montgomery Scott
Monmouth Real Estate downgraded to Neutral from Buy at Janney Montgomery Scott
STWD Starwood Property
$25.85 /

+0.13 (+0.51%)

08/04/21 JMP Securities
Starwood Property price target raised to $28 from $17 at JMP Securities
05/10/21 JPMorgan
Starwood Property price target raised to $26 from $25 at JPMorgan
04/26/21 JPMorgan
Starwood Property price target raised to $25 from $22 at JPMorgan
02/26/21 JPMorgan
Starwood Property price target raised to $22 from $21 at JPMorgan
EQC Equity Commonwealth
$25.92 /

+0.01 (+0.04%)

05/07/21 BofA
Equity Commonwealth downgraded to Neutral from Buy at BofA
05/07/21 BofA
Equity Commonwealth downgraded to Neutral from Buy at BofA
STWD Starwood Property
$25.85 /

+0.13 (+0.51%)

MNR Monmouth Real Estate
$18.89 /

-0.145 (-0.76%)

EQC Equity Commonwealth
$25.92 /

+0.01 (+0.04%)

MNR Monmouth Real Estate
$18.89 /

-0.145 (-0.76%)

MNR Monmouth Real Estate
$18.89 /

-0.145 (-0.76%)

Earnings
Starwood Property reports Q2 distributable EPS 51c, consensus 51c » 07:53
08/05/21
08/05
07:53
08/05/21
07:53
STWD

Starwood Property

$25.82 /

-0.21 (-0.81%)

Reports Q2 revenue…

Reports Q2 revenue $184.49M, consensus $297.35M. "We are pleased to report another very active quarter growing our total portfolio to a record of $19.3B. Our diversified business remains extremely well positioned with strong asset performance across our cylinders and a growing investment pipeline. We executed two CLOs totaling $1.8B during the quarter, further reducing our mark to market financing exposure in an effort to build a fortress balance sheet. With continued recovery in the commercial real estate markets, the unrealized gains across our owned real estate portfolio have reached a record level of over $4.00 a share, providing stability, liquidity and power to invest opportunistically," commented CEO Barry Sternlicht.

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STWD Starwood Property
$25.82 /

-0.21 (-0.81%)

08/04/21 JMP Securities
Starwood Property price target raised to $28 from $17 at JMP Securities
05/10/21 JPMorgan
Starwood Property price target raised to $26 from $25 at JPMorgan
04/26/21 JPMorgan
Starwood Property price target raised to $25 from $22 at JPMorgan
02/26/21 JPMorgan
Starwood Property price target raised to $22 from $21 at JPMorgan
STWD Starwood Property
$25.82 /

-0.21 (-0.81%)

Recommendations
Starwood Property price target raised to $28 from $17 at JMP Securities » 06:15
08/04/21
08/04
06:15
08/04/21
06:15
STWD

Starwood Property

$26.03 /

+0.14 (+0.54%)

JMP Securities analyst…

JMP Securities analyst Steven DeLaney raised the firm's price target on Starwood Property to $28 from $17 and keeps an Outperform rating on the shares. The analyst updates his model ahead of the company's Q2 results, stating his prior estimates are "stale". DeLaney sees Starwood being well-positioned for continued growth and profitability as the company expands existing business lines in less competitive markets.

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STWD Starwood Property
$26.03 /

+0.14 (+0.54%)

05/10/21 JPMorgan
Starwood Property price target raised to $26 from $25 at JPMorgan
04/26/21 JPMorgan
Starwood Property price target raised to $25 from $22 at JPMorgan
02/26/21 JPMorgan
Starwood Property price target raised to $22 from $21 at JPMorgan
02/26/21 JPMorgan
Starwood Property price target raised to $22 from $21 at JPMorgan
STWD Starwood Property
$26.03 /

+0.14 (+0.54%)

Recommendations
Starwood Property price target raised to $26 from $25 at JPMorgan » 07:42
05/10/21
05/10
07:42
05/10/21
07:42
STWD

Starwood Property

$25.19 /

+0.105 (+0.42%)

JPMorgan analyst Charles…

JPMorgan analyst Charles Arestia raised the firm's price target on Starwood Property to $26 from $25 and reiterates an Overweight rating on the shares post the Q1 results.

ShowHide Related Items >><<
STWD Starwood Property
$25.19 /

+0.105 (+0.42%)

04/26/21 JPMorgan
Starwood Property price target raised to $25 from $22 at JPMorgan
02/26/21 JPMorgan
Starwood Property price target raised to $22 from $21 at JPMorgan
02/26/21 JPMorgan
Starwood Property price target raised to $22 from $21 at JPMorgan
02/02/21 BTIG
Starwood Property initiated with a Buy at BTIG
STWD Starwood Property
$25.19 /

+0.105 (+0.42%)

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