Starwood Property sees 2013 core EPS $1.90-$2.00, consensus $1.89 Starwood Property said the guidance does not include the impact of the LNR acquisition or any incremental investments beyond the company's existing pipeline or capital markets transactions.
Starwood Property announces $250M share repurchase program Starwood Property Trust announced that its board has authorized the repurchase of up to $250M of its outstanding common shares over a period of one year. The share repurchase program will be funded through the company's existing cash.
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: Actuant (ATU) downgraded to Market Perform from Outperform at FBR Capital... Air France-KLM (AFLYY) downgraded to Underperform from Hold at Jefferies... Beacon Roofing (BECN) downgraded at Longbow... China Unicom (CHU) downgraded to Hold from Buy at Deutsche Bank... Erickson (EAC) downgraded at Stifel... H.B. Fuller (FUL) downgraded to Neutral from Overweight at Piper Jaffray... Philip Morris (PM) downgraded at BofA/Merrill... Seadrill (SDRL) downgraded to Sell from Neutral at Goldman... Starwood Property (STWD) downgraded to Neutral from Buy at Compass Point... Steel Dynamics (STLD) resumed with a Neutral from Buy at Citigroup... Vale (VALE) downgraded to Neutral from Buy at Citigroup.