Starwood’s Infrastructure lending segment originates, acquires, finances and manages infrastructure debt investments. The Property segment engages primarily in acquiring and managing equity interests in stabilized commercial real estate properties, such as multifamily properties and commercial properties subject to net leases, that are held for investment.
The Investing and Servicing segment manages and works out problem assets; acquires and manages unrated, investment grade and non-investment grade rated CMBS comprising subordinated interests of securitization and resecuritization transactions; originates conduit loans for the primary purpose of selling these loans into securitization transactions; and acquires commercial real estate assets that include properties acquired from CMBS trusts.
The distribution yield is 9.34%. Starwood Property Trust stock has a $24 price target at JMP Securities. The consensus target is $21.69, and shares closed at $20.58 on Wednesday.
Truist Financial
This company was created through a merger of SunTrust Bank and BB&T in 2019. Truist Financial Corp. (NYSE: TFC) provides banking and trust services in the southeastern and mid-Atlantic United States. Its deposit products include non-interest-bearing checking, interest-bearing checking, savings and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.
The company also provides funding; asset management; automobile lending; bankcard lending; consumer finance; home equity and mortgage lending; insurance, such as property and casualty, life, health, employee benefits, workers compensation and professional liability, surety coverage, title, and other insurance products; investment brokerage; mobile/online banking; and payment, lease financing, small business lending, and wealth management/private banking services.
In addition, Truist offers association, capital market, institutional trust, insurance premium and commercial finance, international banking, leasing, merchant, commercial deposit and treasury, government finance, commercial middle market lending, small business and student lending, floor plan and commercial mortgage lending, mortgage warehouse lending, private equity investment, real estate lending and supply chain financing services. It provides corporate and investment banking, retail and wholesale brokerage, securities underwriting and investment advisory services.
Shareholders receive a 7.27% dividend. Citigroup’s target price is $39, and the consensus target is $36.31. Truist Financial stock closed almost 5% lower on Wednesday at $28.62 after a plan to cut expenses was announced.
While it could be a year or longer before the Federal Reserve starts to lower rates, history tells us it will at some point. With consumers loading up credit card debt at very high interest rates, and the economy likely to slip into recession next year, the Fed can only hold a hard line for so long before rates start to come back down. When they do, stocks that pay big dividends and longer maturity Treasury and corporate debt could see big moves higher.
Originally published at 24/7 Wall St.
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