Redwood Trust’s (RWT) Neutral Rating Reaffirmed at JPMorgan Chase & Co.

Redwood Trust (NYSE:RWT)‘s stock had its “neutral” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a report issued on Monday, MarketBeat Ratings reports. They currently have a $7.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $8.00. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 0.43% from the company’s current price.

A number of other research firms have also commented on RWT. Wells Fargo & Company increased their price target on Redwood Trust from $7.50 to $8.50 and gave the company an “equal weight” rating in a research report on Friday, September 20th. StockNews.com upgraded shares of Redwood Trust from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Raymond James boosted their price target on shares of Redwood Trust from $8.50 to $9.50 and gave the stock a “strong-buy” rating in a report on Thursday, September 19th. Finally, JMP Securities increased their price objective on shares of Redwood Trust from $8.50 to $9.00 and gave the company a “market outperform” rating in a research note on Friday, October 4th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $8.03.

Redwood Trust Price Performance

RWT stock opened at $6.97 on Monday. The company has a market capitalization of $921.92 million, a P/E ratio of 12.67 and a beta of 1.57. Redwood Trust has a 52-week low of $5.45 and a 52-week high of $8.15. The business has a 50-day simple moving average of $7.31 and a two-hundred day simple moving average of $7.14. The company has a debt-to-equity ratio of 14.55, a quick ratio of 44.36 and a current ratio of 44.36.

Institutional Investors Weigh In On Redwood Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of RWT. SG Americas Securities LLC purchased a new position in shares of Redwood Trust in the second quarter valued at $242,000. Nisa Investment Advisors LLC grew its holdings in Redwood Trust by 7.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 93,427 shares of the real estate investment trust’s stock valued at $606,000 after buying an additional 6,192 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in Redwood Trust by 2.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 66,500 shares of the real estate investment trust’s stock valued at $432,000 after buying an additional 1,400 shares in the last quarter. Ceredex Value Advisors LLC increased its position in shares of Redwood Trust by 48.8% during the second quarter. Ceredex Value Advisors LLC now owns 906,512 shares of the real estate investment trust’s stock valued at $5,883,000 after buying an additional 297,100 shares during the period. Finally, Raymond James Trust N.A. lifted its holdings in shares of Redwood Trust by 53.5% in the second quarter. Raymond James Trust N.A. now owns 18,118 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 6,318 shares in the last quarter. Institutional investors own 74.34% of the company’s stock.

Redwood Trust Company Profile

Redwood Trust, Inc, together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. The Residential Consumer Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio.