Redwood Trust Inc. (NYSE:RWT) traded today at a new 52-week high of $11.24. So far today approximately 758,000 shares have been exchanged, as compared to an average 30-day volume of 952,000 shares.
Redwood Trust Inc. share prices have moved between a 52-week high of $11.24 and a 52-week low of $3.30 and are now trading 239% above that low price at $11.18 per share.
Redwood Trust Inc. (NYSE:RWT) defies analysts with a current price ($11.18) 1.8% above its 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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