Zacks Investment Research downgraded shares of STARWOOD PROPRT (STWD) from OUTPERFORM to NEUTRAL on May 14, 2012, with a target price of $23.40.
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.
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