13 August, 2017
This repurchase authorization permits the real estate investment trust to buy up to 7.7% of its Stocks through open market purchases. Moreover, it has a 23-year history of increasing cash dividend.
Hedge funds have recently made changes to their positions in the stock.
Several research analysts have recently weighed in on LPT shares.
BidaskClub downgraded shares of STARWOOD PROPERTY TRUST, INC. RBC Capital Markets maintained Essex Property Trust Inc (NYSE:ESS) on Tuesday, February 9 with "Outperform" rating. The stock now has an average rating of "Hold" and an average target price of $24.00. (The) restated a "neutral" rating and issued a $21.00 price objective on shares of Columbia Property Trust in a research note on Thursday, June 22nd.
Shares of STARWOOD PROPERTY TRUST, INC. CVS Health had 33 analyst reports since July 22, 2015 according to SRatingsIntel.
In the market the company is trading down from yesterday's close of $21.27.
Company shares last traded at $40.68 marginally under $41.37, the stock's 50 day moving average and which is slightly above the 200 day moving average of $40.32. The dividend payment was $0.400 per share for the quarter or $1.60 on an annualized basis. Liberty Property Trust had a net margin of 47.24% and a return on equity of 11.37%. The business had revenue of $339.06 million for the quarter, compared to the consensus estimate of $336.17 million. During the same period in the previous year, the firm posted $0.48 EPS.
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The company also recently disclosed a quarterly dividend, which was paid on Saturday, July 15th. Investors of record on Friday, September 29th will be given a $0.48 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This dividend amount represented a yeild of $3.87.
Essex Property Trust Incorporated (NYSE:ESS) had a decrease of 3.52% in short interest. BlackRock boosted its position in stocks of Columbia Property Trust by 3,883.4% in the Q1. With 307,800 shares average volume, it will take short sellers 8 days to cover their ESS's short positions. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued. Essex Property Trust Inc. now has $17.37 billion valuation. The shares were sold at an average price of $31.52, for a total transaction of $9,315,326.24. High Pointe Cap Mgmt Ltd Liability Co owns 19,160 shares. The disclosure for this sale can be found here. 1,846,226 shares of the company traded hands. The company was downgraded on Monday, May 2 by Sandler O'Neill. Global Financial Private Capital LLC purchased a new stake in STARWOOD PROPERTY TRUST, INC. during the second quarter valued at $2,086,000. In the last earnings report the EPS was $2.34 and is expected to be $1.24 for the current year with 147,317,000 shares now outstanding. Timbercreek Asset Management Ltd. boosted its position in STARWOOD PROPERTY TRUST, INC.by 177.7% in the second quarter. Accern also assigned press coverage about the real estate investment trust an impact score of 46.7980727164589 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future. MML Investors Services LLC boosted its stake in STARWOOD PROPERTY TRUST, INC.by 11.3% in the second quarter. MA now owns 4,778,303 shares of the real estate investment trust's stock worth $107,894,000 after buying an additional 883,587 shares during the last quarter. Nationwide Fund Advisors grew its position by buying 4,216 shares an increase of 1.7% in the quarter.
Columbia Property Trust, Inc operates as a real estate investment trust (REIT), which owns and operates commercial real estate properties. Institutional investors own 98.88% of the company's stock. Cigna Investments New's holdings in Columbia Property Trust were valued $1,023,000 as of its latest document with the Security and Exchange Commission. The Company is engaged primarily in the ownership, operation, management, acquisition, development and redevelopment of predominantly apartment communities, located along the West Coast. Its segments include Southern California, Northern California, Seattle Metro and Other real estate assets.