UPDATE: Deutsche Bank Raises PT to $25 on Starwood Property Trust on Investment Outlook

Deutsche Bank raises its price target from $24 to $25 on Buy-rated Starwood Property Trust

as new investments should drive earnings growth. Deutsche Bank comments, "Expect new investments to drive earnings growth. STWD reported strong 1Q results with core earnings of 58c beating our estimate by 4c and book value increasing to $19.14 per share. We expect portfolio returns to benefit from new investments and a larger portfolio, as the company deploys proceeds from its April offering. We are increasing our target to $25 per share and reiterate our Buy rating." STWD closed at $20.27 on Wednesday.