Redwood Trust, Inc. (NYSE:RWT) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 11, 2016
Having a price of $13.57, Redwood Trust, Inc. (NYSE:RWT) traded 0.00% even on the day. With the last close down 0.05% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. RWT has recorded a 50-day average of $14.07 and a two hundred day average of $13.79. Trade Volume was down over the average, with 49,581 shares of RWT changing hands under the typical 361,522
Zacks Investment Research has downgraded Redwood Trust, Inc. (NYSE:RWT) to Hold in a statement released on 10/11/2016.
On 10/04/2016, Zacks Investment Research released a statement on Redwood Trust, Inc. (NYSE:RWT) upped the target price from $0.00 to $16.00 that suggested an upside of 0.14%.
Recent Performance Chart
Redwood Trust, Inc. has PE ratio of 10.06 with a one year low of $9.26 and a one year high of $15.24 and has a market capitalization of $0.
A total of 6 analysts have released a report on Redwood Trust, Inc.. zero analysts rating the company a strong buy, four analysts rating the company a buy, three analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $16.21.
General Company Details For Redwood Trust, Inc. (NYSE:RWT)
Redwood Trust, Inc., together with its subsidiaries, focuses on investing in mortgage- and other real estate-related assets. The Company operates through 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 subsequent sale, securitization or transfer to its investment portfolio. Its residential investments segment includes a portfolio of investments in residential mortgage-backed securities retained from its Sequoia securitizations, as well as residential mortgage-backed securities issued by third parties. Its commercial mortgage banking and investments segment consists of a mortgage loan conduit that originated senior commercial loans for subsequent sale to third-party commercial mortgage backed securities (CMBS) sponsors or other investors.
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