Redwood Trust

Shares of Redwood Trust, Inc. (NYSE: RWT) spiked higher by more than 6 percent after Wednesday's market close as the company detailed a restructuring plan related to its residential mortgage loan operations. Redwood Trust will restructure its conforming loan operations by discounting the...

Jefferies is out with its report today on Redwood Trust (NYSE: RWT), lowering its PT from $18 to $16.50. In a note to clients, Jefferies writes, "Our $16.50/share price target represents 1.2x book value. This premium is relatively high vs historical levels and reflects our expectation that RWT...

Jefferies & Company has changed the price targets on the following companies: PG&E Corporation (NYSE: PCG) from $50.50 to $51, Buy Redwood Trust (NYSE: RWT) from $18 to $16.50, Buy Trina Solar (NYSE: TSL) from $38 to $30, Buy

In a recent report, Keefe, Bruyette & Woods has lowered the EPS Estimate on Redwood Trust (NYSE: RWT) from $1.20 to $0.97 and has reiterated an Outperform rating on the company. In the report, Keefe, Bruyette & Woods said, "Operating trends were in line. Economic book value increased to $...

Wunderlich Securities increased its price target on Redwood Trust (NYSE: RWT) to $15 in spite of worse than expected Q1 results. In a research report published today, Wunderlich reiterated its confidence in Redwood, prompting it to leave its rating unchanged at Hold. In the report, Wunderlich...

KBW is out with its report today on Redwood Trust (NYSE: RWT), lowering its PT to $17. In a note to clients, KBW writes, "We are reducing our price target for Redwood to $17. This equates to a target price/book multiple of 1.17x our mark-to-market book value estimate of $14.50. This is consistent...

Deutsche Bank is out with its report on Redwood Trust (NYSE: RWT), raising its PT from $20 to $21.50. In a note to clients, Deutsche Bank writes, "While Redwood's 4Q core earnings were below our estimates due to higher-thanexpected loan loss provisions, we expect attractive returns on new...

In a report published by Keefe, Bruyette & Woods, Redwood Trust's (NYSE: RWT) operating EPS of $0.16 declined from $0.25 in 3Q as the company's credit provision (primarily related to its legacy Sequoia portfolio) increased to $7.9 million from $2.4 million. Keefe, Bruyette & Woods reported...

Based on Redwood Trust's (NYSE: RWT) competitive advantage in the arena of RMBS securitizations, recent GSE reform proposals, and an improving economy, “we view RWT as one of the most compelling investment opportunities in the Specialty Finance universe,” Jefferies reports. “Weakness in GAAP...

In its update on housing finance and mortgage REITs, Wunderlich Securities said that you should consider the effects of restored liquidity to the housing finance market. “Though it may be somewhat premature, we are thinking about how a redesigned, stabilized housing finance market will change the...

Redwood Trust (NYSE: RWT) is believed to be well positioned to capitalize on the eventual growth of the private label security market, according to Jefferies. EPS missed the Street's estimates by $0.20 with the variance focused on market valuation adjustments and realized gains, both inherently...