• Return to Headlines

Starwood Propert: 52-Week High Recently Eclipsed (STWD)

By Nick Russo

Shares of Starwood Propert (NYSE:STWD) traded at a new 52-week high today of $23.90. So far today approximately 110,000 shares have been exchanged, as compared to an average 30-day volume of 1.5 million shares.

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.

In the past 52 weeks, shares of Starwood Propert have traded between a low of $19.16 and a high of $23.90 and are now at $23.79, which is 24% above that low price. The 200-day and 50-day moving averages have moved 0.19% higher and 0.36% higher over the past week, respectively.

Starwood Propert (NYSE:STWD) is currently priced 0.2% above its average consensus analyst price target of $23.75. The stock should discover initial support at its 50-day moving average (MA) of $23.14 and subsequent support at its 200-day MA of $22.32.

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 14.0%. 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