STARWOOD PROPERTY TRUST (STWD) : Traders are bullish on STARWOOD PROPERTY TRUST (STWD) as it has outperformed the S&P 500 by a wide margin of 5.29% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.27%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.71% in the last 1 week, and is up 7.9% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
STARWOOD PROPERTY TRUST (NYSE:STWD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.22 and $22.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.39, notching a gain of 0.86% for the day. The total traded volume was 2,219,639 . The stock had closed at $22.20 on the previous day.
The stock has recorded a 20-day Moving Average of 4.53% and the 50-Day Moving Average is 7.97%. Starwood Property Trust, Inc. is up 16.62% in the last 3-month period. Year-to-Date the stock performance stands at 14.43%.
STARWOOD PROPERTY TRUST (STWD) : 5 investment research analysts covering STARWOOD PROPERTY TRUST (STWD) have an average price target of $24.8 for the near short term. The highest target price given by the Brokerage Firm to the stock is $28 and the lowest target is $23 for the short term. Analysts expect the variance to be within $1.92 of the average price.
Starwood Property Trust, Inc. is a holding company that operates as a real estate investment trust (REIT). The Company, through its subsidiaries, focuses on originating, acquiring, financing and managing commercial mortgage loans, commercial mortgage-backed securities (CMBS), and other commercial real estate-related debt investments in the United States and Europe. The Company operates through two segments: Lending Segment, and Investing and Servicing Segment. The Companys Lending Segment represents investments in real estate-related loans and securities that are held-for-investment. The Investing and Servicing Segment includes servicing businesses in the United States and Europe, an investment business that acquires and manages real estate finance investments, and a mortgage loan business. The Company is externally managed and advised by SPT Management, LLC, an affiliate of Starwood Capital Group.