B.Riley FBR Sticks to Its Buy Rating for Starwood Property Trust (STWD)

By Austin Angelo

B.Riley FBR analyst Timothy P. Hayes maintained a Buy rating on Starwood Property Trust (STWDResearch Report) yesterday and set a price target of $25.50. The company’s shares closed last Monday at $23.65, close to its 52-week high of $23.85.

According to TipRanks.com, Hayes is a 4-star analyst with an average return of 4.8% and a 61.5% success rate. Hayes covers the Financial sector, focusing on stocks such as Fidus Investment Corporation, Ready Capital Corporation, and Saratoga Investment Corp.

Currently, the analyst consensus on Starwood Property Trust is a Moderate Buy with an average price target of $25.50, representing a 7.1% upside. In a report issued on August 14, Raymond James also reiterated a Buy rating on the stock with a $27 price target.

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Starwood Property Trust’s market cap is currently $6.66B and has a P/E ratio of 17.62. The company has a Price to Book ratio of 1.43.

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Starwood Property Trust, Inc. engages in originating, acquiring, financing, and managing commercial mortgage loans and other commercial real estate debt and equity investments. It operates through the following segments: Real Estate Commercial and Residential Lending; Real Estate Property; Infrastructure Lending; and Real Estate Investing and Servicing.