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Redwood Trust (NYSE:RWT) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Tuesday. They currently have a $18.70 price objective on the stock. Zacks‘s price target suggests a potential downside of 5.22% from the company’s current price.

Separately, analysts at JMP Securities downgraded shares of Redwood Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $20.90.

Redwood Trust (NYSE:RWT) traded down 0.15% on Tuesday, hitting $19.70. 469,344 shares of the company’s stock traded hands. Redwood Trust has a 52 week low of $16.28 and a 52 week high of $21.90. The stock’s 50-day moving average is $19.51 and its 200-day moving average is $19.71. The company has a market cap of $1.635 billion and a P/E ratio of 13.72.

Redwood Trust (NYSE:RWT) last announced its earnings results on Monday, May 5th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.33 by $0.19. During the same quarter in the prior year, the company posted $0.69 earnings per share. On average, analysts predict that Redwood Trust will post $1.15 earnings per share for the current fiscal year.

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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