Jim Cramer on Starwood Property: “You’re Dealing With Barry Sternlicht, Who’s a Very Smart Person”

Starwood Property Trust, Inc. (NYSE:STWD) is one of the stocks Jim Cramer put under the spotlight. A caller asked if they should buy, sell, or hold the stock, and Cramer replied:

“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.”

Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels

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. It announced its Q3 earnings on November 10, posting a non-GAAP EPS of $0.40, missing estimates by $0.04.

Starwood Property Trust, Inc.’s (NYSE:STWD) revenue beat the estimates by $9.18 million, generating $489 million. Additionally, it deployed investments worth $4.6 billion in the quarter and $10.2 billion in nine months. The company’s major activities include Triple Net Lease Investments worth $2.2 billion, Commercial Lending worth $1.4 billion, and Infrastructure Lending worth a record $0.8 billion.

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