BTIG analyst Sarah Barcomb assumed coverage of Starwood Property with a Buy rating and $19 price target. The analyst believes the "bellwether" commercial real estate investment trusts with "strong" dividend coverage, "higher-quality" asset management platforms, and stable leverage should pay their high-yield dividends and "pull to par" as the interest rate picture stabilizes. The firm see some attractive risk-adjusted total return opportunities.
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Published first on TheFly
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