Redwood Trust Inc. (NYSE:RWT) traded at a new 52-week high today of $11.11. This new high was reached on below average trading volume as 368,000 shares traded hands, while the average 30-day volume is approximately 943,000 shares.
In the past 52 weeks, Redwood Trust Inc. share prices are bracketed by a low of $3.30 and a high of $11.11 and is now at $10.75, 226% above that low price.
Potential upside of 2.2% exists for Redwood Trust Inc., based on a current level of $10.75 and analysts’ average consensus price target of $10.98.
Redwood Trust Inc operates as a real estate investment trust. The company is a specialty finance company focused on several distinct areas of housing credit. It delivers customized housing credit investments to a diverse mix of investors, through its securitization platforms; whole-loan distribution activities; and publicly-traded shares. Its consolidated investment portfolio has evolved to incorporate a diverse mix of residential, business purpose and multifamily investments. The company operates its business in three segments: Residential Lending, Business Purpose Lending, and Third-Party Investments. Its primary sources of income are net interest income from investments and non-interest income from mortgage banking activities.
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