STARWOOD PROPERTY TRUST (STWD) has been under a strong bear grip, hence the stock is down -1.48% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.41% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.04% in the last 1 week, and is up 5.18% 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 $21.45 and $21.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.54, notching a gain of 0.51% for the day. The total traded volume was 746,890 . The stock had closed at $21.43 on the previous day.
The stock has recorded a 20-day Moving Average of 3.75% and the 50-Day Moving Average is 5.94%. Starwood Property Trust, Inc. is up 15.96% in the last 3-month period. Year-to-Date the stock performance stands at 10.09%.
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.