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 5.68% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.62%, 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 0.67% in the last 1 week, and is up 6.77% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.46% and the 50-Day Moving Average is 7.47%. STARWOOD PROPERTY TRUST (NYSE:STWD): stock turned positive on Friday. Though the stock opened at $22.44, the bulls momentum made the stock top out at $22.6 level for the day. The stock recorded a low of $22.43 and closed the trading day at $22.54, in the green by 0.54%. The total traded volume for the day was 1,616,215. The stock had closed at $22.42 in the previous days trading.
The company Insiders own 2.9% of STARWOOD PROPERTY TRUST shares according to the proxy statements. Institutional Investors own 76.6% of STARWOOD PROPERTY TRUST shares. During last six month period, the net percent change held by insiders has seen a change of -15.03%. Also, In a research note released to the investors, Citigroup maintains its rating on STARWOOD PROPERTY TRUST (NYSE:STWD).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Citigroup raises the new price target from $20 per share to $24 per share. The rating by the firm was issued on August 10, 2016.
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.