Jim Cramer on Starwood Property Trust (STWD): “This Is a Tough One for Me”

Starwood Property Trust, Inc. (NYSE:STWD) is one of the stocks that Jim Cramer shared his take on. A caller asked if the time has come to put the stock on their watchlist, and Cramer replied:

“Okay, this is a tough one for me. I think the world of Barry Sternlicht. It’s got a 10% yield, which is really terrific. I want Barry to come on and tell me what’s in the portfolio so I would feel better recommending it, because I was quite surprised they would have such a precipitous fall given how good Barry Sternlicht really is.”

Starwood Property Trust, Inc. (NYSE:STWD) provides real estate credit, property investments, and infrastructure lending, including commercial mortgages, residential loans, equity interests, and commercial mortgage-backed securities-related assets. The company maintains a REIT status. During the November 18 episode, a caller asked whether they should buy, sell, or hold the stock, and Cramer responded:

“You’re dealing with Barry Sternlicht, who’s a very smart person, who has dealt with all sorts of bad markets and has come up fine. I am loath to abandon it because I think I respect him that much.”

While we acknowledge the risk and potential of STWD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than STWD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.