Are Analysts Bullish about Redwood Trust, Inc. (NYSE:RWT) after last week?

February 14, 2018 - By Stephen Andrade

 Are Analysts Bullish about Redwood Trust, Inc. (NYSE:RWT) after last week?
Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.10, from 1.05 in 2017Q2. It dropped, as 11 investors sold Redwood Trust, Inc. shares while 47 reduced holdings. 17 funds opened positions while 38 raised stakes. 63.50 million shares or 0.32% more from 63.30 million shares in 2017Q2 were reported.
Raymond James & Assoc invested in 0% or 18,533 shares. Moreover, Citigroup has 0.01% invested in Redwood Trust, Inc. (NYSE:RWT). Wells Fargo Company Mn holds 0% or 652,969 shares. Entrustpermal Management Ltd Liability Company invested 1.14% in Redwood Trust, Inc. (NYSE:RWT). Sg Americas Securities Llc holds 17,369 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 0% invested in Redwood Trust, Inc. (NYSE:RWT) for 2,137 shares. Natl Bank Of America De reported 371,797 shares. The California-based California State Teachers Retirement System has invested 0% in Redwood Trust, Inc. (NYSE:RWT). 10 has 15,075 shares for 0.06% of their portfolio. State Board Of Administration Of Florida Retirement Sys invested 0% in Redwood Trust, Inc. (NYSE:RWT). Hilton Capital Management Lc owns 1.02M shares for 2.91% of their portfolio. Millennium Lc stated it has 0.02% in Redwood Trust, Inc. (NYSE:RWT). Lpl Financial Limited Company stated it has 20,447 shares or 0% of all its holdings. North Star Investment holds 0.06% in Redwood Trust, Inc. (NYSE:RWT) or 26,967 shares. Aqr Capital Management Ltd Liability Corporation has 0% invested in Redwood Trust, Inc. (NYSE:RWT).

Redwood Trust, Inc. (NYSE:RWT) Ratings Coverage

Among 6 analysts covering Redwood Trust (NYSE:RWT), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Redwood Trust had 12 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was maintained by Maxim Group on Monday, November 16 with “Buy”. The stock of Redwood Trust, Inc. (NYSE:RWT) earned “Neutral” rating by Nomura on Tuesday, November 24. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, November 8 report. The firm earned “Outperform” rating on Friday, December 8 by Wood. Keefe Bruyette & Woods maintained it with “Hold” rating and $1700 target in Wednesday, June 28 report. The stock of Redwood Trust, Inc. (NYSE:RWT) earned “Buy” rating by Deutsche Bank on Monday, March 14. The company was upgraded on Wednesday, May 18 by Nomura. The rating was downgraded by Wood to “Market Perform” on Tuesday, July 19. Below is a list of Redwood Trust, Inc. (NYSE:RWT) latest ratings and price target changes.

08/12/2017 Broker: Wood Old Rating: Market Perform New Rating: Outperform Upgrade
08/11/2017 Broker: Deutsche Bank Rating: Buy Old Target: $18.5 New Target: $17 Maintain

The stock increased 0.48% or $0.07 during the last trading session, reaching $14.8. About 405,551 shares traded. Redwood Trust, Inc. (NYSE:RWT) has risen 20.96% since February 14, 2017 and is uptrending. It has outperformed by 4.26% the S&P500.

Redwood Trust, Inc., together with its subsidiaries, engages in mortgage banking activities in the United States. The company has market cap of $1.14 billion. The firm operates through three divisions: Residential Investments, Residential Mortgage Banking, and Commercial. It has a 9.43 P/E ratio. The Residential Investments segment offers a portfolio of investments in residential mortgage-backed securities retained from Sequoia securitizations and issued by third parties and other credit risk-related investments; residential loans held for investment; mortgage servicing rights associated with residential loans; and derivative financial instruments to manage risks associated with residential loans.

More important recent Redwood Trust, Inc. (NYSE:RWT) news were published by: Seekingalpha.com which released: “Redwood Trust’s (RWT) CEO Marty Hughes on Q3 2017 Results – Earnings Call …” on November 07, 2017, also Prnewswire.com published article titled: “Redwood Trust Announces Dividend Distribution Tax Information for 2017”, Seekingalpha.com published: “Redwood Trust CEO to exit” on December 04, 2017. More interesting news about Redwood Trust, Inc. (NYSE:RWT) was released by: Reuters.com and their article: “BRIEF-Redwood Trust Announces Marty Hughes’ Retirement As CEO” with publication date: December 04, 2017.

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