Redwood Trust Stock Rating Lowered by FBR Capital Markets (RWT)
Redwood Trust (NYSE:RWT) was downgraded by equities research analysts at FBR Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Wells Fargo & Co. downgraded shares of Redwood Trust from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday. Separately, analysts at Zacks upgraded shares of Redwood Trust from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 20th. They now have a $17.20 price target on the stock. Finally, analysts at Wunderlich raised their price target on shares of Redwood Trust from $15.00 to $20.00 in a research note to investors on Tuesday, August 13th. They now have a “hold” rating on the stock. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $20.96.
Redwood Trust (NYSE:RWT) opened at 18.06 on Monday. Redwood Trust has a 1-year low of $13.95 and a 1-year high of $24.78. The stock has a 50-day moving average of $18.60 and a 200-day moving average of $19.4. The company has a market cap of $1.487 billion and a P/E ratio of 7.49.
Redwood Trust (NYSE:RWT) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.71 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.40. During the same quarter last year, the company posted $0.24 earnings per share.
Redwood Trust, Inc, (NYSE:RWT) together with its subsidiaries, is an internally-managed operating company focused on engaging in residential and commercial mortgage banking activities and investing in mortgage- and other real estate-related assets.
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