Redwood (RWT) Gets a Buy Rating from Raymond James

In a report released today, Stephen Laws from Raymond James maintained a Buy rating on Redwood (RWTResearch Report). The company’s shares closed last Thursday at $9.36.

According to, Laws is a 5-star analyst with an average return of 12.5% and a 68.9% success rate. Laws covers the Financial sector, focusing on stocks such as NexPoint Real Estate ate Finance, Colony Credit Real Estate, and Broadmark Realty Capital.

Currently, the analyst consensus on Redwood is a Strong Buy with an average price target of $10.10.

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Redwood’s market cap is currently $981.6M and has a P/E ratio of -1.50. The company has a Price to Book ratio of 0.97.

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Redwood Trust, Inc. engages in the business of investing in mortgages and other real estate-related assets. It operates through the following segments: Investment Portfolio and Mortgage Banking. The Investment Portfolio segment includes a portfolio of investments in residential mortgage-backed securities (RMBS) retained from its Sequoia securitizations, as well as RMBS issued by third parties and other credit risk-related investments. The Mortgage Banking segment consists of operating a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio. The company was founded by George E. Bull III, Douglas B. Hansen and Frederick H. Borden on April 11, 1994 and is headquartered in Mill Valley, CA.