Zacks Investment Research disclosed Redwood Trust, Inc. (NYSE:RWT), boosting its price target to $16.00 earlier today
- Updated: October 3, 2016
Having a price of $14.00, Redwood Trust, Inc. (NYSE:RWT) traded -1.13% lower on the day. With the last stock price up 1.82% 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 $14.18 and a two hundred day average of $13.75. Trade Volume was up over the average, with 362,485 shares of RWT changing hands over the typical 361,648
Reporting a potential upside of 0.14%, Zacks Investment Research upped the price target of Redwood Trust, Inc. (NYSE:RWT) to $16.00
Recent Performance Chart
Redwood Trust, Inc. has PE ratio of 10.20 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 brokerages have issued a ratings update on Redwood Trust, Inc.. zero brokerages rating the company a strong buy, four brokerages rating the company a buy, three brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages 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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