Media stories about Redwood Trust (NYSE:RWT) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Redwood Trust earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 47.8226410581501 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Several equities research analysts have commented on RWT shares. Deutsche Bank lowered their price target on shares of Redwood Trust from $18.50 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. ValuEngine lowered shares of Redwood Trust from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Keefe, Bruyette & Woods raised shares of Redwood Trust from a “market perform” rating to an “outperform” rating in a report on Thursday, December 7th. Finally, Zacks Investment Research lowered shares of Redwood Trust from a “hold” rating to a “strong sell” rating in a report on Friday, November 10th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Redwood Trust has an average rating of “Buy” and an average target price of $17.00.
Shares of Redwood Trust (RWT) opened at $14.84 on Monday. The company has a debt-to-equity ratio of 2.91, a quick ratio of 3.36 and a current ratio of 3.36. Redwood Trust has a 12 month low of $14.29 and a 12 month high of $17.45. The stock has a market cap of $1,144.39, a PE ratio of 9.39 and a beta of 0.79.
In other news, General Counsel Andrew P. Stone sold 5,000 shares of the stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $14.87, for a total transaction of $74,350.00. Following the sale, the general counsel now directly owns 53,015 shares of the company’s stock, valued at approximately $788,333.05. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.33% of the company’s stock.
About Redwood Trust
Redwood Trust, Inc, through its subsidiaries, focuses on investing in mortgage and other real estate related assets. The Company is engaged in mortgage banking activities. The Company operates through three segments: Residential Investments, Residential Mortgage Banking and Commercial. The Residential Investments segment includes a portfolio of investments in residential mortgage-backed securities (RMBS) retained from its Sequoia securitizations.
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