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Shares of Starwood Propert Rise to a New 52-Week High

By Shiri Gupta

Starwood Propert (NYSE:STWD) traded today at a new 52-week high of $24.15. So far today approximately 350,000 shares have been exchanged, as compared to an average 30-day volume of 1.5 million shares.

Starwood Propert (NYSE:STWD) is currently priced 1.7% above its average consensus analyst price target of $23.75. Starwood Propert shares have support at the 50-day moving average (MA) of $23.26 and additional support at the 200-day MA of $22.41.

Starwood Property Trust, Inc. is a real estate investment company. The Company originates and invests in commercial mortgage loans and other commercial real estate debt investments, commercial mortgage-backed securities, and other commercial real estate-related debt investments. Starwood may also invest in residential mortgage loans and residential mortgage-backed securities.

Starwood Propert share prices have moved between a 52-week high of $24.15 and a 52-week low of $19.16 and are now trading 26% above that low price at $24.15 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Starwood Propert on January 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.91. Since that recommendation, shares of Starwood Propert have risen 15.4%. We continue to monitor STWD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows starwood propert

Ticker(s): STWD