News articles about Redwood Trust (NYSE:RWT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Redwood Trust earned a coverage optimism score of 0.25 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.6569770655332 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Redwood Trust stock opened at $15.27 on Thursday. The firm has a market cap of $1,152.25, a PE ratio of 9.44 and a beta of 0.77. Redwood Trust has a 52 week low of $14.29 and a 52 week high of $17.45. The company has a debt-to-equity ratio of 3.08, a quick ratio of 2.61 and a current ratio of 2.61.
Redwood Trust (NYSE:RWT) last released its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The company had revenue of $35.00 million for the quarter, compared to analyst estimates of $37.55 million. Redwood Trust had a net margin of 41.42% and a return on equity of 9.99%. Redwood Trust’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS. research analysts predict that Redwood Trust will post 1.44 earnings per share for the current fiscal year.
Several research analysts have recently weighed in on RWT shares. Zacks Investment Research upgraded shares of Redwood Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, March 14th. ValuEngine lowered shares of Redwood Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, Keefe, Bruyette & Woods upgraded shares of Redwood Trust from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $17.00.
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Redwood Trust Company Profile
Redwood Trust, Inc, together with its subsidiaries, engages in mortgage banking activities in the United States. The company operates through two segments, Investment Portfolio and Residential Mortgage Banking. The Investment Portfolio 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; and invests in residential loans held for investment and mortgage servicing rights associated with residential loans.
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