Does a Compass Point Upgrade Make Shares of Starwood Property Trust Inc (NYSE:STWD) a ‘Buy’?

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Starwood Property Trust Inc (NYSE:STWD) Stock Upgrade

In an analyst note revealed to investors and clients on Thursday morning, equity research analysts at the equities division of Compass Point raised their rating for shares of Starwood Property Trust Inc (NYSE:STWD) from a Neutral to a solid Buy. They now have a $23.00 Estimated Target Price on STWD or a 12.36% upside from the current share price.

From a total of 9 analysts covering Starwood Property Trust Inc. (NYSE:STWD) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 78% of the ratings are positive. The highest target price is $26 while the lowest target price is $22.5. The mean of all analyst targets is $24.72 with a 24.76% above today’s ($20.44) stock price. Starwood Property Trust Inc. was the topic of 6 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. JMP Securities initiated shares on December 1 with “Outperform” rating. Wells Fargo downgraded STWD stock in a recent report from August 5 to “Market Perform” rating.

Approximately 458,012 shares of stock traded hands. Starwood Property Trust, Inc. (NYSE:STWD) has declined 15.29% since April 30, 2015 and is downtrending. It has underperformed by 15.00% the S&P500.

 Does a Compass Point Upgrade Make Shares of Starwood Property Trust Inc (NYSE:STWD) a ‘Buy’?

Starwood Property Trust, Inc. is a holding firm that operates as a real estate investment trust . The company has a market cap of $4.86 billion. 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. It has 10.91 P/E ratio. The Firm operates through two divisions: Lending Segment, and Investing and Servicing Segment.

According to Zacks Investment Research, “Starwood Property Trust, Inc. is a newly formed company that is focused primarily on originating, investing in, financing and managing commercial mortgage loans and other commercial real estate-related debt investments. Starwood Property Trust, Inc. will be externally managed and advised by SPT Management, LLC, an affiliate of Starwood Capital Group and intends to elect to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes.” Get a free copy of the Zacks research report on Starwood Property Trust, Inc. (STWD).

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