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Fly News Breaks for August 14, 2019
Aug 14, 2019 | 08:21 EDT
Raymond James analyst Stephen Laws reiterated an Outperform rating on Starwood Property Trust and raised his price target to $27 from $24 following the company's "solid" results, results, diversified business, strong balance sheet and consistent dividend. In a research note to investors, Laws says the highlight of the earnings release was the continued focus on improving portfolio financing through longer duration, non mark-to-market financing options, and says he believes Starwood's portfolio financing is "superior" to peers and should result in better portfolio returns during times of market volatility.
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