Redwood Trust (RWT) : Currently there are 4 street experts covering Redwood Trust (RWT) stock. The most bullish and bearish price target for the stock is $18 and $15 respectively for the short term. The average price target of all the analysts comes to $16.06. The estimated standard deviation from the target is $1.33.
Redwood Trust (RWT) : The consensus on Redwood Trust (RWT) based on 6 analyst recommendation on the company stock is 2.33, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Also, Major Brokerage house, Keefe Bruyette & Woods downgrades its ratings on Redwood Trust (NYSE:RWT). In the latest research report, Keefe Bruyette & Woods maintains the target price to $14.5 per share. According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on July 19, 2016.
Redwood Trust (NYSE:RWT): The stock opened at $14.81 on Thursday but the bulls could not build on the opening and the stock topped out at $14.86 for the day. The stock traded down to $14.27 during the day, due to lack of any buying support eventually closed down at $14.30 with a loss of -3.38% for the day. The stock had closed at $14.80 on the previous day. The total traded volume was 409,220 shares.
Redwood Trust, Inc. (Redwood) is a real estate investment trust (REIT). The company focuses on investing in mortgage and other real estate-related assets. The Company is engaged in residential and commercial mortgage banking activities. It invests in real estate-related assets that generate income through the Companys residential and commercial mortgage banking activities. It operates in three segments: residential mortgage banking, residential investments, and commercial mortgage banking and investments. Its residential mortgage banking segment consists of operating a mortgage loan conduit that acquires residential whole loans from third-party originators for sale, securitization or transfer to its investment portfolio. Its residential investments segment includes investments in residential mortgage-backed securities. Its commercial mortgage banking and investments segment consists of commercial mortgage banking operations and its portfolio of commercial real estate loans.